Capital International Sarl Reduces Stock Position in Vale S.A. (NYSE:VALE)

Capital International Sarl decreased its stake in shares of Vale S.A. (NYSE:VALE) by 7.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 414,798 shares of the basic materials company’s stock after selling 35,700 shares during the quarter. Capital International Sarl’s holdings in Vale were worth $3,679,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brooklyn Investment Group increased its stake in shares of Vale by 215.9% in the 4th quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 1,900 shares during the last quarter. IFP Advisors Inc increased its position in Vale by 206.4% during the fourth 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 last quarter. Cornerstone Planning Group LLC raised its stake in Vale by 3,092.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 3,092 shares during the period. Stonebridge Financial Group LLC acquired a new position in Vale in the 4th quarter valued at about $30,000. Finally, Atlas Capital Advisors Inc. grew its stake in shares of Vale by 68.3% in the 4th quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company’s stock valued at $35,000 after buying an additional 1,623 shares during the period. Institutional investors and hedge funds own 21.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VALE shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $11.00 price objective (down from $12.00) on shares of Vale in a report on Thursday. Scotiabank decreased their price target on Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Monday, January 6th. Wolfe Research raised Vale from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. StockNews.com assumed coverage on shares of Vale in a research report on Wednesday, April 2nd. They issued a “hold” rating on the stock. Finally, Bank of America upgraded shares of Vale from a “neutral” rating to a “buy” rating and lifted their price target for the company from $11.00 to $11.50 in a research report on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.44.

Vale Trading Up 1.1 %

Shares of VALE stock opened at $9.10 on Friday. Vale S.A. has a fifty-two week low of $8.06 and a fifty-two week high of $13.14. The company has a 50 day moving average price of $9.58 and a 200 day moving average price of $9.70. The stock has a market capitalization of $41.28 billion, a P/E ratio of 6.32, a price-to-earnings-growth ratio of 0.31 and a beta of 0.73. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91.

Vale (NYSE:VALE) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.36). The business had revenue of $10.12 billion during the quarter, compared to analyst estimates of $10.03 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. Equities research analysts predict that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $0.3758 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a yield of 7.5%. This is a positive change from Vale’s previous semi-annual dividend of $0.30. Vale’s dividend payout ratio (DPR) is currently 52.08%.

About Vale

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.