Cetera Advisors LLC Purchases Shares of 152,803 Vale SA (VALE)

Cetera Advisors LLC purchased a new position in shares of Vale SA (NYSE:VALE) in the 4th quarter, Holdings Channel reports. The firm purchased 152,803 shares of the basic materials company’s stock, valued at approximately $1,864,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Acadian Asset Management LLC lifted its position in shares of Vale by 43.7% during the 4th quarter. Acadian Asset Management LLC now owns 20,382,633 shares of the basic materials company’s stock worth $249,279,000 after buying an additional 6,199,051 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Vale by 12.2% during the 3rd quarter. American Century Companies Inc. now owns 2,315,764 shares of the basic materials company’s stock worth $23,320,000 after buying an additional 252,493 shares during the last quarter. Investec Asset Management LTD purchased a new stake in shares of Vale during the 3rd quarter worth approximately $17,457,000. BT Investment Management Ltd lifted its position in shares of Vale by 6.6% during the 4th quarter. BT Investment Management Ltd now owns 1,694,251 shares of the basic materials company’s stock worth $20,721,000 after buying an additional 105,548 shares during the last quarter. Finally, 3G Capital Partners LP purchased a new stake in shares of Vale during the 3rd quarter worth approximately $15,105,000. Institutional investors own 19.06% of the company’s stock.

Shares of Vale SA (VALE) opened at $14.00 on Thursday. Vale SA has a 12-month low of $7.47 and a 12-month high of $14.00. The company has a market cap of $69,238.24, a price-to-earnings ratio of 8.73, a P/E/G ratio of 0.87 and a beta of 1.67. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.86 and a quick ratio of 1.47.

The company also recently disclosed a None dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Tuesday, December 26th will be paid a $0.098 dividend. The ex-dividend date is Friday, December 22nd. Vale’s dividend payout ratio is currently 33.66%.

Several analysts have recently weighed in on the stock. BMO Capital Markets set a $11.00 price objective on shares of Vale and gave the stock a “hold” rating in a research report on Thursday, December 7th. Goldman Sachs Group restated a “neutral” rating on shares of Vale in a research report on Monday, October 23rd. Royal Bank of Canada set a $15.00 price objective on shares of Vale and gave the stock a “buy” rating in a research report on Tuesday, December 5th. TheStreet upgraded shares of Vale from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research downgraded shares of Vale from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $11.79.

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About Vale

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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