Berkeley Capital Partners LLC raised its stake in Rio Tinto PLC (NYSE:RIO - Free Report) by 92.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,408 shares of the mining company's stock after acquiring an additional 13,668 shares during the period. Berkeley Capital Partners LLC's holdings in Rio Tinto were worth $1,657,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Uhlmann Price Securities LLC grew its position in Rio Tinto by 5.5% in the second quarter. Uhlmann Price Securities LLC now owns 5,000 shares of the mining company's stock valued at $292,000 after acquiring an additional 259 shares during the period. TrueMark Investments LLC grew its position in Rio Tinto by 18.3% in the second quarter. TrueMark Investments LLC now owns 30,591 shares of the mining company's stock valued at $1,784,000 after acquiring an additional 4,738 shares during the period. Stratos Wealth Advisors LLC bought a new stake in Rio Tinto in the second quarter valued at $718,000. Oxbow Advisors LLC grew its position in Rio Tinto by 2.2% in the second quarter. Oxbow Advisors LLC now owns 63,988 shares of the mining company's stock valued at $3,732,000 after acquiring an additional 1,386 shares during the period. Finally, Mutual Advisors LLC grew its position in Rio Tinto by 8.6% in the second quarter. Mutual Advisors LLC now owns 8,328 shares of the mining company's stock valued at $526,000 after acquiring an additional 658 shares during the period. 19.33% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts have recently commented on RIO shares. Weiss Ratings restated a "hold (c)" rating on shares of Rio Tinto in a report on Wednesday, October 8th. Barclays restated an "overweight" rating on shares of Rio Tinto in a report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft cut Rio Tinto from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Berenberg Bank restated a "hold" rating on shares of Rio Tinto in a report on Thursday, July 3rd. Finally, Zacks Research upgraded Rio Tinto from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $73.00.
Check Out Our Latest Stock Analysis on Rio Tinto
Rio Tinto Price Performance
Rio Tinto stock opened at $69.20 on Tuesday. The business's 50-day simple moving average is $64.09 and its 200 day simple moving average is $61.07. The stock has a market cap of $86.79 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 5.44 and a beta of 0.66. Rio Tinto PLC has a 12-month low of $51.67 and a 12-month high of $69.30. The company has a quick ratio of 1.03, a current ratio of 1.53 and a debt-to-equity ratio of 0.37.
Rio Tinto Cuts Dividend
The company also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, August 15th were issued a $1.48 dividend. The ex-dividend date was Friday, August 15th. This represents a yield of 620.0%. Rio Tinto's dividend payout ratio (DPR) is currently 45.74%.
Rio Tinto Company Profile
(
Free Report)
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.
Further Reading
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