Vale S.A. $VALE Stock Position Lessened by Kiltearn Partners LLP

Kiltearn Partners LLP lessened its position in shares of Vale S.A. (NYSE:VALE) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 909,672 shares of the basic materials company’s stock after selling 49,664 shares during the quarter. Vale comprises 3.3% of Kiltearn Partners LLP’s holdings, making the stock its 10th biggest position. Kiltearn Partners LLP’s holdings in Vale were worth $13,681,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new stake in Vale in the fourth quarter valued at approximately $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its holdings in shares of Vale by 128.3% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 1,155 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of Vale in the 4th quarter worth $33,000. Triumph Capital Management acquired a new stake in shares of Vale in the 3rd quarter worth $34,000. Finally, Cornerstone Planning Group LLC grew its stake in Vale by 15,360.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock worth $40,000 after buying an additional 3,072 shares during the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Stock Up 2.5%

Vale stock opened at $14.58 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.77 and a current ratio of 1.19. The business’s 50-day simple moving average is $14.71 and its two-hundred day simple moving average is $15.71. The company has a market cap of $66.18 billion, a PE ratio of 29.76 and a beta of 0.47. Vale S.A. has a fifty-two week low of $9.80 and a fifty-two week high of $17.94.

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

Vale Announces Dividend

The firm also recently declared a special dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 13th will be issued a $0.3088 dividend. The ex-dividend date is Thursday, August 13th. Vale’s dividend payout ratio is 89.80%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wall Street Zen lowered Vale from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Barclays boosted their price target on Vale from $16.75 to $17.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Vale in a report on Wednesday, July 8th. Wells Fargo & Company decreased their price objective on shares of Vale from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, July 9th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vale in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Vale presently has a consensus rating of “Hold” and a consensus price target of $16.00.

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.