Capital Advisors Inc. OK Purchases 6,058 Shares of Rio Tinto PLC $RIO

Key Points

• Capital Advisors Inc. OK has increased its stake in Rio Tinto PLC by 1.4%, now holding a total of 431,359 shares valued at approximately $25.16 million.
• Several large investors, including GAMMA Investing LLC and NBC Securities Inc., have significantly increased their holdings in Rio Tinto, with GAMMA growing its stake by 8,119.5% in the 1st quarter.
• Rio Tinto recently declared a semi-annual dividend of $1.48 per share, representing a 620.0% yield, while the company's dividend payout ratio is 45.74%.

Capital Advisors Inc. OK increased its position in Rio Tinto PLC (NYSE:RIO - Free Report) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 431,359 shares of the mining company's stock after acquiring an additional 6,058 shares during the quarter. Capital Advisors Inc. OK's holdings in Rio Tinto were worth $25,161,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in RIO. GAMMA Investing LLC increased its holdings in Rio Tinto by 8,119.5% in the 1st quarter. GAMMA Investing LLC now owns 152,964 shares of the mining company's stock worth $9,190,000 after acquiring an additional 151,103 shares during the last quarter. NBC Securities Inc. increased its holdings in Rio Tinto by 103,100.0% in the 1st quarter. NBC Securities Inc. now owns 1,032 shares of the mining company's stock worth $62,000 after acquiring an additional 1,031 shares during the last quarter. Merit Financial Group LLC purchased a new stake in Rio Tinto in the 1st quarter worth about $251,000. SeaCrest Wealth Management LLC purchased a new stake in Rio Tinto in the 1st quarter worth about $206,000. Finally, Bourne Lent Asset Management Inc. purchased a new stake in Rio Tinto in the 1st quarter worth about $204,000. Hedge funds and other institutional investors own 19.33% of the company's stock.

Analyst Ratings Changes

RIO has been the subject of several recent research reports. Berenberg Bank reissued a "hold" rating on shares of Rio Tinto in a report on Thursday, July 3rd. Morgan Stanley reissued an "overweight" rating on shares of Rio Tinto in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft downgraded Rio Tinto from a "buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Barclays restated an "overweight" rating on shares of Rio Tinto in a research note on Wednesday, July 2nd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Rio Tinto in a research note on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $73.00.

Rio Tinto Stock Performance

Shares of RIO opened at $66.03 on Monday. The company has a market cap of $82.82 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 4.75 and a beta of 0.66. The company has a current ratio of 1.53, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average price of $62.56 and a 200-day moving average price of $60.53. Rio Tinto PLC has a 12-month low of $51.67 and a 12-month high of $69.92.

Rio Tinto Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, August 15th were given a dividend of $1.48 per share. This represents a dividend yield of 620.0%. The ex-dividend date was Friday, August 15th. Rio Tinto's dividend payout ratio (DPR) is 45.74%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.