Vale S.A. (NYSE:VALE) Shares Sold by Moneda S.A. Administradora General de Fondos

Moneda S.A. Administradora General de Fondos lowered its position in Vale S.A. (NYSE:VALE - Free Report) by 32.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,924,954 shares of the basic materials company's stock after selling 929,908 shares during the period. Vale makes up approximately 15.1% of Moneda S.A. Administradora General de Fondos' investment portfolio, making the stock its 3rd largest holding. Moneda S.A. Administradora General de Fondos' holdings in Vale were worth $21,502,000 at the end of the most recent quarter.

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Several other hedge funds and other institutional investors also recently bought and sold shares of VALE. Banque Cantonale Vaudoise boosted its holdings in Vale by 5.7% in the second quarter. Banque Cantonale Vaudoise now owns 32,007 shares of the basic materials company's stock valued at $357,000 after purchasing an additional 1,728 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Vale by 12.9% in the second quarter. Commonwealth Equity Services LLC now owns 748,487 shares of the basic materials company's stock worth $8,361,000 after buying an additional 85,549 shares during the last quarter. IFG Advisory LLC grew its holdings in Vale by 6.1% during the second quarter. IFG Advisory LLC now owns 22,702 shares of the basic materials company's stock worth $254,000 after acquiring an additional 1,296 shares during the period. Concurrent Investment Advisors LLC purchased a new position in Vale during the second quarter valued at approximately $1,293,000. Finally, United Capital Management of KS Inc. raised its position in Vale by 4.5% during the second quarter. United Capital Management of KS Inc. now owns 91,050 shares of the basic materials company's stock valued at $1,017,000 after acquiring an additional 3,943 shares in the last quarter. Institutional investors and hedge funds own 21.85% of the company's stock.

Vale Price Performance

Shares of NYSE VALE traded down $0.03 during midday trading on Friday, hitting $10.52. The stock had a trading volume of 19,742,672 shares, compared to its average volume of 29,294,796. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 0.43. Vale S.A. has a 1 year low of $9.66 and a 1 year high of $16.08. The company has a market capitalization of $47.16 billion, a PE ratio of 5.81, a P/E/G ratio of 3.58 and a beta of 0.96. The stock has a 50 day simple moving average of $10.82 and a 200-day simple moving average of $11.83.

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Vale (NYSE:VALE - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.05. Vale had a return on equity of 22.23% and a net margin of 23.07%. The company had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.97 billion. On average, sell-side analysts expect that Vale S.A. will post 2.13 EPS for the current fiscal year.

Vale Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, September 11th. Investors of record on Monday, August 5th will be paid a dividend of $0.3698 per share. This represents a yield of 12.1%. The ex-dividend date is Monday, August 5th. This is a boost from Vale's previous semi-annual dividend of $0.32. Vale's dividend payout ratio is currently 64.09%.

Analyst Upgrades and Downgrades

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A number of equities research analysts have recently commented on VALE shares. Wolfe Research cut shares of Vale from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 17th. UBS Group dropped their price target on shares of Vale from $15.00 to $14.50 and set a "buy" rating on the stock in a research report on Friday, July 5th. Morgan Stanley decreased their price objective on shares of Vale from $18.00 to $15.50 and set an "overweight" rating for the company in a research report on Friday, June 21st. Finally, BNP Paribas upgraded Vale from an "underperform" rating to a "neutral" rating in a research report on Friday, June 21st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Vale presently has an average rating of "Moderate Buy" and a consensus price target of $16.72.

Check Out Our Latest Research Report on VALE

Vale Company Profile

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.

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