Vale SA (VALE) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its position in shares of Vale SA (NYSE:VALE) by 10.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,069,981 shares of the basic materials company’s stock after selling 245,783 shares during the period. American Century Companies Inc.’s holdings in Vale were worth $25,316,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in VALE. 3G Capital Partners LP purchased a new position in shares of Vale in the 3rd quarter valued at about $15,105,000. Bienville Capital Management LLC purchased a new position in shares of Vale in the 3rd quarter valued at about $2,039,000. ClariVest Asset Management LLC boosted its stake in shares of Vale by 3.9% in the 3rd quarter. ClariVest Asset Management LLC now owns 1,111,600 shares of the basic materials company’s stock valued at $11,193,000 after buying an additional 41,500 shares during the period. Van ECK Associates Corp boosted its stake in shares of Vale by 11.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,363,708 shares of the basic materials company’s stock valued at $13,733,000 after buying an additional 140,857 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Vale by 25.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 717,745 shares of the basic materials company’s stock valued at $7,227,000 after buying an additional 147,475 shares during the period. Institutional investors own 19.06% of the company’s stock.

Shares of Vale SA (NYSE VALE) opened at $14.00 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.47 and a current ratio of 1.86. Vale SA has a 12-month low of $7.47 and a 12-month high of $14.00. The firm has a market capitalization of $71,090.00, a PE ratio of 10.94, a PEG ratio of 0.86 and a beta of 1.67.

The firm also recently announced a None dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Tuesday, December 26th will be given a dividend of $0.098 per share. The ex-dividend date of this dividend is Friday, December 22nd. Vale’s dividend payout ratio (DPR) is presently 26.56%.

Several equities analysts have recently issued reports on VALE shares. TheStreet upgraded Vale from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Zacks Investment Research upgraded Vale from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Wednesday, October 18th. Royal Bank of Canada set a $15.00 price objective on Vale and gave the company a “buy” rating in a research note on Tuesday, December 5th. UBS Group upgraded Vale from a “hold” rating to a “buy” rating in a research note on Tuesday, November 28th. Finally, Barclays set a $15.00 price objective on Vale and gave the company a “buy” rating in a research note on Monday, January 8th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $11.79.

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Vale Company Profile

Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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