Hsbc Holdings PLC Has $13.50 Million Position in Vale S.A. (NYSE:VALE)

Hsbc Holdings PLC cut its stake in shares of Vale S.A. (NYSE:VALE) by 16.3% during the second quarter, HoldingsChannel.com reports. The firm owned 1,209,477 shares of the basic materials company’s stock after selling 234,835 shares during the period. Hsbc Holdings PLC’s holdings in Vale were worth $13,503,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Mondrian Investment Partners LTD grew its holdings in shares of 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. Dimensional Fund Advisors LP grew its stake in Vale by 10.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,005,525 shares of the basic materials company’s stock valued at $44,741,000 after purchasing an additional 363,783 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 worth $132,408,000 after purchasing an additional 2,578,900 shares during the last quarter. Inspire Advisors LLC raised its stake in shares of Vale by 7.8% during the 2nd quarter. Inspire Advisors LLC now owns 20,781 shares of the basic materials company’s stock worth $232,000 after purchasing an additional 1,504 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Vale by 0.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 631,753 shares of the basic materials company’s stock valued at $6,906,000 after buying an additional 4,700 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Vale Stock Performance

Shares of VALE opened at $10.40 on Monday. The company has a market capitalization of $46.62 billion, a PE ratio of 5.75, a price-to-earnings-growth ratio of 3.48 and a beta of 0.93. 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 S.A. has a one year low of $9.66 and a one year high of $16.08. The company’s fifty day moving average price is $10.52 and its 200 day moving average price is $11.49.

Vale (NYSE:VALE) last posted its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.43 EPS for the quarter, topping 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 business had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.97 billion. As a group, analysts expect that Vale S.A. will post 2.13 earnings per share for the current year.

Vale Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 5th were issued a dividend of $0.3698 per share. The ex-dividend date of this dividend was Monday, August 5th. This is a positive change from Vale’s previous semi-annual dividend of $0.32. This represents a dividend yield of 12.1%. 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.