Wellington Management Group LLP Has $11.05 Million Stock Position in Vale S.A. $VALE

Wellington Management Group LLP raised its position in Vale S.A. (NYSE:VALE) by 8.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 734,789 shares of the basic materials company’s stock after purchasing an additional 59,096 shares during the quarter. Wellington Management Group LLP’s holdings in Vale were worth $11,051,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VALE. PNC Financial Services Group Inc. raised its position in Vale by 2.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 28,913 shares of the basic materials company’s stock valued at $377,000 after acquiring an additional 632 shares in the last quarter. NewEdge Wealth LLC grew its position in Vale by 2.8% in the first quarter. NewEdge Wealth LLC now owns 25,799 shares of the basic materials company’s stock worth $410,000 after acquiring an additional 708 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Vale by 1.3% during the 4th quarter. Quadrant Capital Group LLC now owns 66,870 shares of the basic materials company’s stock worth $871,000 after purchasing an additional 853 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Vale by 5.4% during the 3rd quarter. Parallel Advisors LLC now owns 17,350 shares of the basic materials company’s stock worth $188,000 after purchasing an additional 885 shares during the last quarter. Finally, Intergy Private Wealth LLC raised its holdings in shares of Vale by 6.6% during the 1st quarter. Intergy Private Wealth LLC now owns 14,759 shares of the basic materials company’s stock valued at $235,000 after purchasing an additional 908 shares in the last quarter. 21.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on VALE shares. Zacks Research lowered shares of Vale from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Bank of America reissued a “neutral” rating and set a $16.00 target price (down from $18.00) on shares of Vale in a research report on Wednesday, August 5th. Wall Street Zen lowered Vale from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vale in a research report on Monday, June 15th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $16.50 price target (down from $19.50) on shares of Vale in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $16.33.

Vale Price Performance

Shares of NYSE:VALE opened at $15.28 on Tuesday. The company has a market cap of $69.36 billion, a price-to-earnings ratio of 31.18 and a beta of 0.49. The business has a 50 day moving average price of $14.68 and a 200 day moving average price of $15.60. The company has a quick ratio of 0.77, a current ratio of 1.19 and a debt-to-equity ratio of 0.45. Vale S.A. has a twelve month low of $10.33 and a twelve month high of $17.94.

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

Vale Announces Dividend

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

About Vale

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.