5 Stocks Under $30 In Ken Fisher’s Portfolio

1. Vale S.A. (NYSE:VALE)

Fisher Asset Management’s Stake Value: $434,321,000

Percentage of Fisher Asset Management’s 13F Portfolio: 0.24%

Number of Hedge Fund Holders: 25

Closing Price on March 16: $17.76

Vale S.A. (NYSE:VALE) is rising in popularity among investor circles, especially amid the Ukraine crisis when commodity prices are extremely volatile and soaring to new peaks. Insider Monkey spotted Vale S.A. (NYSE:VALE) to be a part of 25 hedge fund portfolios at the close of the fourth quarter of 2021. The total stakes of these funds in the company amounted to $1.71 billion.

Fisher Asset Management is the dominating stakeholder in Vale S.A. (NYSE:VALE) as of the fourth quarter of 2021. The fund’s stake in Vale S.A. (NYSE:VALE) stood at $434.32 million, which represents 0.24% of Fisher Asset Management’s Q4 2021 investment portfolio.

On March 17, 2022, Deutsche Bank analyst Liam Fitzpatrick raised his price target on Vale S.A. (NYSE:VALE) to $20 from $19 and maintained a Buy rating on the shares.

On February 24, 2022, Vale S.A. (NYSE:VALE) announced its fourth-quarter 2021 earnings, in which the company beat EPS by $0.65. The company’s earnings per share were reported to be $1.46, and the company’s revenues amounted to $12.50 billion.

Miller Value Partners mentioned Vale S.A. (NYSE:VALE) in its third-quarter 2021 investor letter. Here’s what the firm had to say:

“Vale (VALE) was the top detractor over the quarter, falling 32.6% in sympathy with iron ore’s 48% decline from record highs on China capacity curbs and growing fears of financial issues within the property sector. Vale reported Q2 EBITDA of $11.24Bn, slightly below consensus of $11.47Bn on higher than expected iron ore cash costs. Free cash flow of $6.5Bn (35% annualized yield) came in well ahead of expectations, driving $2.6Bn of stock buybacks and a 1H21 dividend of $7.6Bn, implying year-to-date (YTD) shareholder returns of roughly $13.8Bn (19% of the current market cap). Management maintained FY21 production guidance for iron ore of 315-335 Metric tons (Mt) and lowered year-end 2022 exit capacity to 370Mt (from 400Mt) due to Northern System licensing delays. Additionally, the company hosted their annual Investor Day, outlining new production initiatives aimed at becoming a key supplier to steelmakers in light of decarbonization goals.”

You can also take a look at Billionaire Ken Fisher’s Top 10 High Dividend Stock Picks and 10 Cheap Oil Stocks Under $10.

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