Vale S.A. (NYSE:VALE) Shares Purchased by US Bancorp DE

US Bancorp DE boosted its stake in Vale S.A. (NYSE:VALEGet Rating) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,833 shares of the basic materials company’s stock after acquiring an additional 880 shares during the period. US Bancorp DE’s holdings in Vale were worth $2,116,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in VALE. Cetera Advisor Networks LLC increased its position in Vale by 125.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 24,417 shares of the basic materials company’s stock valued at $488,000 after acquiring an additional 13,600 shares during the period. Panagora Asset Management Inc. increased its position in Vale by 7.9% during the 1st quarter. Panagora Asset Management Inc. now owns 39,446 shares of the basic materials company’s stock worth $789,000 after purchasing an additional 2,899 shares during the period. Raymond James Trust N.A. increased its position in Vale by 28.3% during the 1st quarter. Raymond James Trust N.A. now owns 30,966 shares of the basic materials company’s stock worth $619,000 after purchasing an additional 6,829 shares during the period. Allianz Asset Management GmbH increased its position in Vale by 55.5% during the 1st quarter. Allianz Asset Management GmbH now owns 151,722 shares of the basic materials company’s stock worth $3,033,000 after purchasing an additional 54,151 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in Vale during the 1st quarter worth approximately $277,000. Institutional investors and hedge funds own 20.58% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on VALE. BMO Capital Markets boosted their target price on Vale from $16.00 to $20.00 in a research report on Thursday, December 8th. StockNews.com cut Vale from a “buy” rating to a “hold” rating in a research report on Wednesday, January 11th. Deutsche Bank Aktiengesellschaft raised Vale from a “hold” rating to a “buy” rating and boosted their price target for the stock from $19.00 to $20.00 in a research note on Wednesday, November 23rd. Finally, Morgan Stanley raised Vale from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $14.50 to $20.00 in a research note on Friday, December 9th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $18.35.

Vale Price Performance

VALE stock opened at $18.43 on Monday. Vale S.A. has a 1 year low of $11.72 and a 1 year high of $21.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.67 and a current ratio of 1.07. The stock’s 50 day moving average price is $16.22 and its 200 day moving average price is $14.34. The firm has a market cap of $84.62 billion, a P/E ratio of 4.29, a PEG ratio of 1.93 and a beta of 0.83.

Vale (NYSE:VALEGet Rating) last posted its earnings results on Thursday, October 27th. The basic materials company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.38. Vale had a return on equity of 53.54% and a net margin of 45.53%. The firm had revenue of $9.93 billion for the quarter, compared to analyst estimates of $10.13 billion. On average, sell-side analysts expect that Vale S.A. will post 2.92 earnings per share for the current fiscal year.

Vale Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, December 13th. Shareholders of record on Friday, January 1st were paid a dividend of $0.0474 per share. This represents a dividend yield of 8.7%. The ex-dividend date was Tuesday, December 13th. Vale’s dividend payout ratio is presently 2.33%.

About Vale

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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 Ferrous Minerals and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and other ferrous products; and provides related logistic services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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