Vale S.A. $VALE Stake Increased by Wellington Management Group LLP

Wellington Management Group LLP boosted its stake in Vale S.A. (NYSE:VALE) by 8.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 734,789 shares of the basic materials company’s stock after acquiring an additional 59,096 shares during the period. Wellington Management Group LLP’s holdings in Vale were worth $11,051,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in VALE. PNC Financial Services Group Inc. raised its position in Vale by 2.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 28,913 shares of the basic materials company’s stock worth $377,000 after acquiring an additional 632 shares in the last quarter. NewEdge Wealth LLC lifted its holdings in Vale by 2.8% in the 1st quarter. NewEdge Wealth LLC now owns 25,799 shares of the basic materials company’s stock valued at $410,000 after acquiring an additional 708 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Vale by 1.3% during the 4th quarter. Quadrant Capital Group LLC now owns 66,870 shares of the basic materials company’s stock valued at $871,000 after purchasing an additional 853 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Vale by 5.4% during the 3rd quarter. Parallel Advisors LLC now owns 17,350 shares of the basic materials company’s stock valued at $188,000 after purchasing an additional 885 shares in the last quarter. Finally, Intergy Private Wealth LLC grew its stake in shares of Vale by 6.6% in the 1st quarter. Intergy Private Wealth LLC now owns 14,759 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 908 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors.

Vale Trading Up 0.1%

NYSE:VALE opened at $15.28 on Tuesday. The stock has a market cap of $69.36 billion, a PE ratio of 31.18 and a beta of 0.49. Vale S.A. has a fifty-two week low of $10.33 and a fifty-two week high of $17.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.19 and a quick ratio of 0.77. The stock’s 50-day moving average is $14.68 and its two-hundred day moving average is $15.60.

Vale (NYSE:VALE) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.10). The company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.47 billion. Vale had a return on equity of 19.87% and a net margin of 5.11%. As a group, equities research analysts forecast that Vale S.A. will post 1.9 earnings per share for the current fiscal year.

Vale Announces Dividend

The business also recently announced a special dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 13th will be given a $0.3088 dividend. The ex-dividend date is Thursday, August 13th. Vale’s dividend payout ratio is presently 89.80%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on VALE shares. Barclays boosted their target price on shares of Vale from $16.75 to $17.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Scotiabank decreased their price target on shares of Vale from $19.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $18.00 price target on shares of Vale in a report on Friday, May 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vale in a research report on Wednesday, July 8th. Finally, Bank of America reissued a “neutral” rating and set a $16.00 price objective (down from $18.00) on shares of Vale in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $16.33.

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.