Vontobel Holding Ltd. Sells 27,992 Shares of Vale S.A. (NYSE:VALE)

Vontobel Holding Ltd. lowered its stake in shares of Vale S.A. (NYSE:VALE) by 23.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,681 shares of the basic materials company’s stock after selling 27,992 shares during the period. Vontobel Holding Ltd.’s holdings in Vale were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pacifica Partners Inc. acquired a new stake in shares of Vale during the second quarter worth about $27,000. Lowe Wealth Advisors LLC acquired a new stake in shares of Vale during the second quarter worth about $45,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Vale during the first quarter worth about $49,000. Sound Income Strategies LLC raised its position in Vale by 133.7% in the 1st quarter. Sound Income Strategies LLC now owns 6,629 shares of the basic materials company’s stock valued at $81,000 after buying an additional 3,792 shares during the last quarter. Finally, Deuterium Capital Management LLC acquired a new stake in Vale in the 1st quarter valued at approximately $122,000. Institutional investors own 21.85% of the company’s stock.

Vale Stock Performance

VALE opened at $10.63 on Monday. The business has a fifty day simple moving average of $10.72 and a 200 day simple moving average of $11.33. The company has a market capitalization of $47.66 billion, a PE ratio of 5.87, a price-to-earnings-growth ratio of 0.30 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. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 0.73.

Vale (NYSE:VALE) last announced its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.05. The firm had revenue of $9.92 billion during the quarter, compared to analysts’ expectations of $9.97 billion. Vale had a return on equity of 22.23% and a net margin of 23.07%. Research analysts expect that Vale S.A. will post 2.06 EPS for the current year.

Vale Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 5th were issued a $0.3698 dividend. The ex-dividend date was Monday, August 5th. This is a boost from Vale’s previous semi-annual dividend of $0.32. This represents a yield of 12.1%. Vale’s payout ratio is currently 64.09%.

Analysts Set New Price Targets

VALE has been the topic of a number of recent research reports. StockNews.com assumed coverage on Vale in a research report on Friday. They issued a “buy” rating on the stock. JPMorgan Chase & Co. lowered their price target on Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, September 23rd. UBS Group lowered their price target on Vale from $15.00 to $14.50 and set a “buy” rating on the stock in a research report on Friday, July 5th. Wolfe Research downgraded Vale from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, October 9th. Finally, Scotiabank reduced their target price on Vale from $17.00 to $16.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.15.

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.