Vale S.A. (NYSE:VALE) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its position in shares of Vale S.A. (NYSE:VALE) by 16.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,209,477 shares of the basic materials company’s stock after selling 234,835 shares during the quarter. Hsbc Holdings PLC’s holdings in Vale were worth $13,503,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Wellington Management Group LLP grew its position in Vale by 22.0% in the 4th quarter. Wellington Management Group LLP now owns 12,315,171 shares of the basic materials company’s stock worth $195,319,000 after purchasing an additional 2,224,756 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Vale by 4.1% in the 1st quarter. Lazard Asset Management LLC now owns 12,269,261 shares of the basic materials company’s stock worth $149,561,000 after buying an additional 485,702 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Vale by 27.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,853,914 shares of the basic materials company’s stock valued at $132,408,000 after acquiring an additional 2,578,900 shares during the period. Mondrian Investment Partners LTD raised its stake in Vale by 20.4% during the 2nd quarter. Mondrian Investment Partners LTD now owns 10,950,729 shares of the basic materials company’s stock valued at $118,815,000 after acquiring an additional 1,854,940 shares in the last quarter. Finally, Oaktree Capital Management LP boosted its position in Vale by 8.1% during the 4th quarter. Oaktree Capital Management LP now owns 9,399,887 shares of the basic materials company’s stock worth $149,082,000 after acquiring an additional 705,520 shares during the period. Institutional investors own 21.85% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on VALE shares. Wolfe Research lowered Vale from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 17th. BNP Paribas raised shares of Vale from an “underperform” rating to a “neutral” rating in a research note on Friday, June 21st. Morgan Stanley reduced their price target on shares of Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a research note on Thursday. Finally, UBS Group lowered their price objective on shares of Vale from $15.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday, July 5th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $16.72.

Vale Trading Down 3.3 %

Shares of VALE opened at $10.40 on Monday. The business’s 50-day moving average price is $10.52 and its 200 day moving average price is $11.49. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $46.62 billion, a P/E ratio of 5.75, a P/E/G ratio of 3.48 and a beta of 0.93. Vale S.A. has a 1-year low of $9.66 and a 1-year high of $16.08.

Vale (NYSE:VALE) last released its earnings results on Thursday, July 25th. The basic materials company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. The business had revenue of $9.92 billion for the quarter, compared to the consensus estimate of $9.97 billion. Vale had a net margin of 23.07% and a return on equity of 22.23%. Analysts expect that Vale S.A. will post 2.13 earnings per share for the current year.

Vale Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 5th were paid a dividend of $0.3698 per share. This is an increase from Vale’s previous semi-annual dividend of $0.32. This represents a yield of 12.1%. The ex-dividend date of this dividend was Monday, August 5th. Vale’s payout ratio is 64.09%.

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.