Callan Family Office LLC Has $2.51 Million Holdings in Rio Tinto PLC $RIO

Key Points

• Callan Family Office LLC has significantly increased its holdings in Rio Tinto PLC by 191.4%, owning 42,960 shares now valued at approximately $2.51 million.
• Rio Tinto's stock performance shows a market cap of $82.10 billion and a recent trading price of $65.47, with a twelve-month range between $51.67 and $68.80.
• The company recently paid a semi-annual dividend of $1.48, with a dividend yield of 620.0% and a payout ratio of 45.74%.

Callan Family Office LLC increased its position in Rio Tinto PLC (NYSE:RIO - Free Report) by 191.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,960 shares of the mining company's stock after acquiring an additional 28,215 shares during the quarter. Callan Family Office LLC's holdings in Rio Tinto were worth $2,506,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Alpine Bank Wealth Management bought a new position in shares of Rio Tinto in the first quarter worth about $30,000. Wayfinding Financial LLC acquired a new stake in Rio Tinto in the 1st quarter valued at approximately $30,000. Pandora Wealth Inc. bought a new position in Rio Tinto in the 1st quarter worth approximately $30,000. Bfsg LLC lifted its holdings in shares of Rio Tinto by 5,754.5% during the first quarter. Bfsg LLC now owns 644 shares of the mining company's stock worth $39,000 after buying an additional 633 shares during the last quarter. Finally, Hilltop National Bank bought a new stake in shares of Rio Tinto in the second quarter valued at approximately $44,000. 19.33% of the stock is currently owned by institutional investors.

Rio Tinto Stock Performance

NYSE RIO opened at $65.47 on Friday. The stock has a market cap of $82.10 billion, a P/E ratio of 10.15, a PEG ratio of 4.59 and a beta of 0.66. 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 PLC has a twelve month low of $51.67 and a twelve month high of $68.80. The company's 50-day simple moving average is $63.16 and its 200 day simple moving average is $60.69.

Rio Tinto Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, August 15th were issued a $1.48 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a dividend yield of 620.0%. Rio Tinto's dividend payout ratio is presently 45.74%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RIO. Morgan Stanley reaffirmed an "overweight" rating on shares of Rio Tinto in a research report on Wednesday. Weiss Ratings restated a "hold (c)" rating on shares of Rio Tinto in a research report on Wednesday. Barclays reaffirmed an "overweight" rating on shares of Rio Tinto in a research report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft cut shares of Rio Tinto from a "buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Finally, Berenberg Bank restated a "hold" rating on shares of Rio Tinto in a research note on Thursday, July 3rd. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $73.00.

Rio Tinto Company Profile

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.

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