Deutsche Bank AG Buys 250,723 Shares of Vale S.A. (NYSE:VALE)

Deutsche Bank AG raised its stake in shares of Vale S.A. (NYSE:VALE) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,017,355 shares of the basic materials company’s stock after acquiring an additional 250,723 shares during the quarter. Deutsche Bank AG owned approximately 0.11% of Vale worth $44,504,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group increased its holdings in Vale by 215.9% during the 4th quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 1,900 shares in the last quarter. IFP Advisors Inc increased its holdings in Vale by 206.4% during the 4th quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 1,938 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in Vale by 3,092.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 3,092 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in Vale during the 4th quarter valued at $30,000. Finally, Atlas Capital Advisors Inc. increased its holdings in Vale by 68.3% during the 4th quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 1,623 shares in the last quarter. 21.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on VALE. StockNews.com began coverage on Vale in a report on Wednesday, May 7th. They set a “hold” rating for the company. Bank of America upgraded shares of Vale from a “neutral” rating to a “buy” rating and upped their target price for the stock from $11.00 to $11.50 in a research report on Thursday, April 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $11.00 target price (down from $12.00) on shares of Vale in a research report on Thursday, April 17th. CICC Research initiated coverage on shares of Vale in a research report on Monday. They set an “outperform” rating and a $11.30 target price on the stock. Finally, UBS Group reduced their target price on shares of Vale from $10.50 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Vale has an average rating of “Hold” and an average target price of $12.04.

Vale Price Performance

Shares of VALE stock opened at $9.88 on Wednesday. The stock has a 50-day moving average price of $9.49 and a 200 day moving average price of $9.52. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The firm has a market cap of $44.85 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 0.31 and a beta of 0.83. Vale S.A. has a 12 month low of $8.06 and a 12 month high of $13.14.

Vale (NYSE:VALE) last posted its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The company had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.39 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. Research analysts expect that Vale S.A. will post 1.85 EPS for the current year.

Vale Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.3758 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a dividend yield of 7.5%. This is an increase from Vale’s previous semi-annual dividend of $0.30. Vale’s dividend payout ratio is 54.35%.

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.