Deutsche Bank AG Has $44.50 Million Position in Vale S.A. (NYSE:VALE)

Deutsche Bank AG boosted its position 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 purchasing an additional 250,723 shares during the quarter. Deutsche Bank AG’s holdings in Vale were worth $44,504,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VALE. Brooklyn Investment Group grew its holdings in Vale by 215.9% during the fourth 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 during the period. IFP Advisors Inc raised its position in shares of Vale by 206.4% during the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 1,938 shares during the period. Cornerstone Planning Group LLC raised its position in shares of Vale by 3,092.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 3,092 shares during the period. Stonebridge Financial Group LLC acquired a new stake in shares of Vale during the fourth quarter worth about $30,000. Finally, Atlas Capital Advisors Inc. raised its position in shares of Vale by 68.3% during the fourth quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 1,623 shares during the period. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Performance

Shares of NYSE VALE 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. Vale S.A. has a 52 week low of $8.06 and a 52 week high of $13.14. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The stock has a market capitalization of $44.85 billion, a PE ratio of 6.86, a price-to-earnings-growth ratio of 0.31 and a beta of 0.83.

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

Vale Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a dividend of $0.3758 per share. This is an increase from Vale’s previous semi-annual dividend of $0.30. The ex-dividend date was Monday, March 10th. This represents a yield of 7.5%. Vale’s dividend payout ratio (DPR) is currently 54.35%.

Analyst Ratings Changes

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

Vale 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.