Vale S.A. (NYSE:VALE) Stake Increased by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in shares of Vale S.A. (NYSE:VALE - Free Report) by 64.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,713,475 shares of the basic materials company's stock after purchasing an additional 1,457,586 shares during the period. Wellington Management Group LLP owned approximately 0.08% of Vale worth $32,939,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Vale in the third quarter valued at approximately $1,126,000. SG Americas Securities LLC grew its stake in shares of Vale by 39.4% during the 4th quarter. SG Americas Securities LLC now owns 349,851 shares of the basic materials company's stock worth $3,103,000 after purchasing an additional 98,899 shares during the period. IFP Advisors Inc grew its stake in shares of Vale by 206.4% during the 4th quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company's stock worth $26,000 after purchasing an additional 1,938 shares during the period. Truist Financial Corp increased its holdings in shares of Vale by 18.2% in the 4th quarter. Truist Financial Corp now owns 33,704 shares of the basic materials company's stock valued at $299,000 after purchasing an additional 5,189 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of Vale by 164.5% in the fourth quarter. US Bancorp DE now owns 148,857 shares of the basic materials company's stock valued at $1,320,000 after purchasing an additional 92,570 shares during the period. 21.85% of the stock is owned by hedge funds and other institutional investors.

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Vale Stock Up 3.4 %

NYSE VALE traded up $0.30 on Friday, reaching $9.20. The company had a trading volume of 38,900,971 shares, compared to its average volume of 30,703,540. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. Vale S.A. has a 1 year low of $8.06 and a 1 year high of $13.14. The firm has a 50-day moving average of $9.63 and a 200-day moving average of $9.78. The firm has a market capitalization of $41.78 billion, a PE ratio of 6.39, a P/E/G ratio of 0.31 and a beta of 0.73.

Vale (NYSE:VALE - Get Free Report) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.36). Vale had a net margin of 16.15% and a return on equity of 17.38%. The firm had revenue of $10.12 billion during the quarter, compared to analysts' expectations of $10.03 billion. On average, equities research analysts anticipate that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.3758 dividend. This is a boost from Vale's previous semi-annual dividend of $0.30. The ex-dividend date was Monday, March 10th. This represents a dividend yield of 7.5%. Vale's payout ratio is 52.08%.

Analyst Ratings Changes

A number of brokerages have issued reports on VALE. Bank of America raised shares of Vale from a "neutral" rating to a "buy" rating and increased their target price for the company from $11.00 to $11.50 in a report on Thursday. Morgan Stanley cut Vale from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $14.50 to $11.30 in a research report on Thursday, December 12th. Wolfe Research upgraded shares of Vale from an "underperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Jefferies Financial Group dropped their target price on Vale from $14.00 to $11.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Finally, Scotiabank dropped their price objective on Vale from $14.00 to $13.00 and set a "sector perform" rating for the company in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $12.65.

Vale Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.