Cohen & Steers Inc. Trims Stock Holdings in Vale S.A. (NYSE:VALE)

Cohen & Steers Inc. lowered its holdings in Vale S.A. (NYSE:VALEGet Rating) by 18.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 546,765 shares of the basic materials company’s stock after selling 123,406 shares during the period. Cohen & Steers Inc.’s holdings in Vale were worth $10,930,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Vale by 51.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,667,483 shares of the basic materials company’s stock worth $23,382,000 after buying an additional 564,297 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Vale by 19.3% during the 4th quarter. Principal Financial Group Inc. now owns 407,974 shares of the basic materials company’s stock worth $5,720,000 after buying an additional 66,111 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Vale by 598.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,944 shares of the basic materials company’s stock worth $1,163,000 after buying an additional 71,074 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Vale by 46.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,551,472 shares of the basic materials company’s stock worth $133,911,000 after buying an additional 3,011,572 shares during the last quarter. Finally, TD Asset Management Inc. lifted its holdings in Vale by 1.6% during the 4th quarter. TD Asset Management Inc. now owns 46,116 shares of the basic materials company’s stock worth $647,000 after buying an additional 704 shares during the last quarter. Hedge funds and other institutional investors own 19.78% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on VALE shares. Morgan Stanley reaffirmed an “equal weight” rating on shares of Vale in a report on Thursday, June 23rd. Jefferies Financial Group upgraded Vale from a “hold” rating to a “buy” rating and increased their price target for the stock from $17.00 to $24.00 in a research report on Tuesday, June 7th. Itau BBA Securities cut Vale from an “outperform” rating to a “market perform” rating and set a $15.00 price target on the stock. in a research report on Wednesday, August 17th. Clarkson Capital reiterated a “buy” rating on shares of Vale in a research report on Tuesday, June 14th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Vale from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Vale has an average rating of “Hold” and a consensus price target of $17.21.

Vale Stock Up 9.5 %

VALE opened at $13.51 on Friday. Vale S.A. has a 12 month low of $11.16 and a 12 month high of $21.29. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.32 and a quick ratio of 0.90. The stock has a market cap of $62.03 billion, a P/E ratio of 3.31, a P/E/G ratio of 1.04 and a beta of 0.94. The stock’s 50 day moving average price is $13.15 and its 200 day moving average price is $16.09.

Vale (NYSE:VALEGet Rating) last posted its earnings results on Thursday, July 28th. The basic materials company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.81 by $0.07. Vale had a return on equity of 57.75% and a net margin of 41.72%. The firm had revenue of $11.16 billion for the quarter, compared to analysts’ expectations of $11.67 billion. As a group, research analysts predict that Vale S.A. will post 3.21 earnings per share for the current year.

Vale Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, September 9th. Stockholders of record on Monday, August 15th were given a dividend of $0.3907 per share. This represents a dividend yield of 21.9%. The ex-dividend date of this dividend was Friday, August 12th. Vale’s dividend payout ratio (DPR) is presently 19.12%.

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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