Creative Planning Decreases Stock Holdings in Vale S.A. $VALE

Creative Planning cut its stake in Vale S.A. (NYSE:VALE) by 21.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 137,513 shares of the basic materials company’s stock after selling 37,119 shares during the period. Creative Planning’s holdings in Vale were worth $1,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its stake in shares of Vale by 2.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,296,306 shares of the basic materials company’s stock worth $158,237,000 after acquiring an additional 363,901 shares during the last quarter. Davis Selected Advisers grew its holdings in shares of Vale by 7.9% in the second quarter. Davis Selected Advisers now owns 2,948,514 shares of the basic materials company’s stock valued at $28,630,000 after purchasing an additional 215,001 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of Vale by 46.8% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 471,836 shares of the basic materials company’s stock valued at $4,591,000 after purchasing an additional 150,510 shares during the period. Verus Capital Partners LLC increased its position in Vale by 205.4% during the second quarter. Verus Capital Partners LLC now owns 53,523 shares of the basic materials company’s stock worth $520,000 after purchasing an additional 36,000 shares during the last quarter. Finally, Boston Partners raised its stake in Vale by 1.0% during the second quarter. Boston Partners now owns 159,991 shares of the basic materials company’s stock worth $1,554,000 after purchasing an additional 1,543 shares during the period. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on VALE shares. Jefferies Financial Group set a $15.00 price target on shares of Vale and gave the company a “buy” rating in a research note on Monday, November 3rd. Morgan Stanley set a $11.50 price objective on Vale in a report on Wednesday, October 8th. UBS Group increased their price objective on Vale from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Wall Street Zen upgraded Vale from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vale in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.61.

Vale Trading Up 1.2%

Shares of NYSE VALE opened at $12.67 on Friday. The stock has a fifty day simple moving average of $11.61 and a 200-day simple moving average of $10.49. Vale S.A. has a twelve month low of $8.06 and a twelve month high of $12.72. The company has a current ratio of 1.22, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $57.49 billion, a PE ratio of 10.30 and a beta of 0.82.

Vale (NYSE:VALE) last announced its earnings results on Thursday, October 30th. The basic materials company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.14. The company had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.39 billion. Vale had a return on equity of 18.14% and a net margin of 14.23%. On average, equities analysts forecast that Vale S.A. will post 1.85 earnings per share for the current year.

Vale Profile

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.