Kawa Capital Management Inc Invests $8.87 Million in Vale S.A. (NYSE:VALE)

Kawa Capital Management Inc acquired a new position in shares of Vale S.A. (NYSE:VALE) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 1,000,000 shares of the basic materials company’s stock, valued at approximately $8,870,000. Vale makes up 24.0% of Kawa Capital Management Inc’s investment portfolio, making the stock its 3rd biggest holding.

Other institutional investors have also made changes to their positions in the company. Holocene Advisors LP purchased a new position in Vale during the third quarter valued at approximately $80,300,000. Itau Unibanco Holding S.A. boosted its position in Vale by 123.4% during the third quarter. Itau Unibanco Holding S.A. now owns 12,059,814 shares of the basic materials company’s stock valued at $140,859,000 after purchasing an additional 6,660,933 shares during the last quarter. FMR LLC grew its stake in Vale by 18.2% in the third quarter. FMR LLC now owns 36,605,338 shares of the basic materials company’s stock valued at $427,550,000 after purchasing an additional 5,635,167 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Vale by 106.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 9,721,066 shares of the basic materials company’s stock worth $86,226,000 after purchasing an additional 5,001,228 shares during the last quarter. Finally, Fourth Sail Capital LP acquired a new stake in shares of Vale during the 4th quarter valued at about $31,305,000. 21.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Scotiabank cut their price objective on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Monday, January 6th. StockNews.com initiated coverage on Vale in a report on Tuesday. They set a “hold” rating on the stock. Morgan Stanley lowered Vale from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $14.50 to $11.30 in a report on Thursday, December 12th. Wolfe Research upgraded shares of Vale from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Finally, Barclays decreased their price target on shares of Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a report on Wednesday, December 4th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vale currently has a consensus rating of “Hold” and a consensus target price of $13.26.

Vale Stock Performance

NYSE VALE opened at $10.17 on Friday. Vale S.A. has a twelve month low of $8.38 and a twelve month high of $13.14. The stock has a market cap of $46.14 billion, a P/E ratio of 7.06, a PEG ratio of 0.31 and a beta of 0.85. The company’s 50-day simple moving average is $9.59 and its 200 day simple moving average is $9.90. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39.

Vale (NYSE:VALE) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.36). The firm had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.03 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. As a group, research analysts forecast that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Vale Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a dividend of $0.3758 per share. This represents a dividend yield of 7.5%. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from Vale’s previous semi-annual dividend of $0.30. Vale’s dividend payout ratio is presently 52.08%.

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.