Cornerstone Planning Group LLC Purchases 3,092 Shares of Vale S.A. (NYSE:VALE)

Cornerstone Planning Group LLC grew its position in Vale S.A. (NYSE:VALE) by 3,092.0% in the fourth quarter, Holdings Channel reports. The fund owned 3,192 shares of the basic materials company’s stock after acquiring an additional 3,092 shares during the quarter. Cornerstone Planning Group LLC’s holdings in Vale were worth $29,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VALE. FMR LLC raised its position in shares of Vale by 18.2% in the 3rd quarter. FMR LLC now owns 36,605,338 shares of the basic materials company’s stock worth $427,550,000 after acquiring an additional 5,635,167 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Vale by 3,692.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,200,000 shares of the basic materials company’s stock valued at $212,576,000 after buying an additional 17,720,100 shares during the period. Fisher Asset Management LLC grew its stake in shares of Vale by 10.7% in the 3rd quarter. Fisher Asset Management LLC now owns 17,404,942 shares of the basic materials company’s stock valued at $203,290,000 after buying an additional 1,682,544 shares during the period. Itau Unibanco Holding S.A. boosted its stake in Vale by 123.4% during the 3rd 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. Finally, Massachusetts Financial Services Co. MA boosted its stake in Vale by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,906,975 shares of the basic materials company’s stock valued at $139,073,000 after purchasing an additional 53,061 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors.

Vale Stock Down 1.6 %

VALE stock opened at $9.46 on Monday. 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 firm has a market cap of $42.93 billion, a PE ratio of 4.38, a P/E/G ratio of 0.30 and a beta of 0.91. Vale S.A. has a one year low of $8.38 and a one year high of $13.77. The firm’s fifty day moving average is $9.08 and its 200 day moving average is $10.04.

Analyst Ratings Changes

Several equities analysts have commented on VALE shares. Scotiabank dropped their target price 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. Morgan Stanley lowered shares of Vale from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $14.50 to $11.30 in a research report on Thursday, December 12th. Barclays cut their price target on shares of Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a research report on Wednesday, December 4th. Jefferies Financial Group lowered their price objective on shares of Vale from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, StockNews.com started coverage on shares of Vale in a research note on Friday, December 13th. They issued a “buy” rating for the company. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.89.

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.