Vale S.A. $VALE Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA cut its holdings in shares of Vale S.A. (NYSE:VALE) by 41.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,591,000 shares of the basic materials company’s stock after selling 6,705,306 shares during the period. Massachusetts Financial Services Co. MA owned 0.21% of Vale worth $104,158,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of VALE. CENTRAL TRUST Co acquired a new stake in Vale during the 2nd quarter worth $34,000. GAMMA Investing LLC raised its holdings in shares of Vale by 98.4% in the second quarter. GAMMA Investing LLC now owns 4,075 shares of the basic materials company’s stock valued at $40,000 after buying an additional 2,021 shares during the last quarter. Thompson Investment Management Inc. acquired a new stake in shares of Vale during the second quarter worth about $46,000. Tower Research Capital LLC TRC purchased a new position in shares of Vale during the second quarter worth about $87,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in Vale in the 2nd quarter valued at about $99,000. 21.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on VALE shares. Wall Street Zen cut Vale from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 27th. Hsbc Global Res raised Vale to a “strong-buy” rating in a report on Friday, October 17th. HSBC lifted their price objective on shares of Vale from $12.25 to $13.50 and gave the company a “buy” rating in a research report on Friday, October 17th. Scotiabank downgraded shares of Vale from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the stock from $14.00 to $15.00 in a research report on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vale in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $13.21.

Vale Trading Up 2.2%

Shares of VALE stock opened at $14.93 on Wednesday. The business’s fifty day moving average price is $13.12 and its 200 day moving average price is $11.51. The firm has a market capitalization of $66.31 billion, a PE ratio of 11.48, a P/E/G ratio of 0.46 and a beta of 0.53. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.24 and a quick ratio of 0.82. Vale S.A. has a 1-year low of $8.06 and a 1-year high of $14.94.

Vale (NYSE:VALE) last issued its earnings results on Thursday, October 30th. The basic materials company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.49 by $0.14. Vale had a net margin of 14.69% and a return on equity of 18.60%. The company had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.39 billion. As a group, sell-side analysts forecast that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 12th were given a dividend of $0.2331 per share. The ex-dividend date was Friday, December 12th. Vale’s dividend payout ratio is presently 43.08%.

Vale Company Profile

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.