Vale S.A. (NYSE:VALE) is Moneda S.A. Administradora General de Fondos’ 2nd Largest Position

Moneda S.A. Administradora General de Fondos decreased its holdings in Vale S.A. (NYSE:VALE) by 36.6% in the 4th quarter, HoldingsChannel reports. The fund owned 1,614,394 shares of the basic materials company’s stock after selling 931,103 shares during the quarter. Vale comprises about 14.9% of Moneda S.A. Administradora General de Fondos’ investment portfolio, making the stock its 2nd biggest holding. Moneda S.A. Administradora General de Fondos’ holdings in Vale were worth $14,320,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Private Advisor Group LLC grew its holdings in Vale by 50.9% in the third quarter. Private Advisor Group LLC now owns 31,802 shares of the basic materials company’s stock valued at $371,000 after purchasing an additional 10,730 shares during the last quarter. Pinnacle Associates Ltd. grew its holdings in Vale by 5.0% in the third quarter. Pinnacle Associates Ltd. now owns 28,754 shares of the basic materials company’s stock valued at $336,000 after purchasing an additional 1,375 shares during the last quarter. Focus Financial Network Inc. grew its holdings in Vale by 44.6% in the third quarter. Focus Financial Network Inc. now owns 18,755 shares of the basic materials company’s stock valued at $219,000 after purchasing an additional 5,785 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Vale by 4.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 4,719,838 shares of the basic materials company’s stock valued at $55,128,000 after purchasing an additional 210,674 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in Vale by 21.6% in the third quarter. QRG Capital Management Inc. now owns 65,556 shares of the basic materials company’s stock valued at $766,000 after purchasing an additional 11,653 shares during the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

VALE has been the topic of several research reports. Scotiabank lowered their target price on Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a report on Monday, January 6th. Barclays decreased their price objective on Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. Wolfe Research raised Vale from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Morgan Stanley lowered Vale from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $14.50 to $11.30 in a research note on Thursday, December 12th. Finally, Jefferies Financial Group decreased their price objective on Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Vale presently has a consensus rating of “Hold” and an average target price of $13.26.

Vale Stock Down 0.3 %

Shares of NYSE:VALE opened at $9.40 on Tuesday. The stock’s 50-day moving average price is $9.20 and its two-hundred day moving average price is $9.97. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. Vale S.A. has a 12-month low of $8.38 and a 12-month high of $13.68. The firm has a market cap of $42.67 billion, a price-to-earnings ratio of 6.53, a PEG ratio of 0.31 and a beta of 0.91.

Vale (NYSE:VALE) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.36). The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.03 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. On average, research analysts forecast that Vale S.A. will post 1.85 EPS for the current year.

Vale Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a $0.3758 dividend. This represents a dividend yield of 7.5%. This is an increase from Vale’s previous semi-annual dividend of $0.30. The ex-dividend date is Monday, March 10th. Vale’s dividend payout ratio (DPR) is 88.89%.

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.