Rio Tinto PLC $RIO Shares Sold by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC reduced its stake in Rio Tinto PLC by 19.3%, now owning 31,234 shares valued at $1.82 million.
• Several hedge funds increased their holdings in Rio Tinto, with Goldman Sachs and Dimensional Fund Advisors significantly raising their stakes in the first quarter.
• Rio Tinto's stock has a strong trading history, currently valued at $68.75, with a 1-year high of $69.30 and a P/E ratio of 10.66.

Vanguard Personalized Indexing Management LLC trimmed its stake in shares of Rio Tinto PLC (NYSE:RIO - Free Report) by 19.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,234 shares of the mining company's stock after selling 7,450 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Rio Tinto were worth $1,822,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its holdings in Rio Tinto by 4.1% during the first quarter. Goldman Sachs Group Inc. now owns 8,368,620 shares of the mining company's stock worth $502,787,000 after acquiring an additional 326,661 shares during the period. Auto Owners Insurance Co grew its holdings in Rio Tinto by 77,150.0% during the first quarter. Auto Owners Insurance Co now owns 7,416,000 shares of the mining company's stock worth $445,553,000 after acquiring an additional 7,406,400 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in Rio Tinto during the second quarter worth about $292,770,000. Dimensional Fund Advisors LP grew its holdings in Rio Tinto by 33.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,938,247 shares of the mining company's stock worth $116,510,000 after acquiring an additional 490,357 shares during the period. Finally, Northern Trust Corp grew its holdings in Rio Tinto by 3.8% during the first quarter. Northern Trust Corp now owns 1,663,964 shares of the mining company's stock worth $99,971,000 after acquiring an additional 60,927 shares during the period. 19.33% of the stock is owned by institutional investors and hedge funds.

Rio Tinto Stock Performance

NYSE RIO opened at $68.75 on Friday. The stock has a 50-day moving average of $63.83 and a two-hundred day moving average of $60.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.53 and a quick ratio of 1.03. Rio Tinto PLC has a 1-year low of $51.67 and a 1-year high of $69.30. The company has a market cap of $86.22 billion, a P/E ratio of 10.66, a P/E/G ratio of 6.24 and a beta of 0.66.

Rio Tinto Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, August 15th were paid a $1.48 dividend. 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%.

Analyst Ratings Changes

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lowered Rio Tinto from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Weiss Ratings reissued a "hold (c)" rating on shares of Rio Tinto in a report on Wednesday, October 8th. Berenberg Bank reissued a "hold" rating on shares of Rio Tinto in a report on Thursday, July 3rd. Zacks Research raised Rio Tinto from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. Finally, Barclays reissued an "overweight" rating on shares of Rio Tinto in a report on Wednesday, July 2nd. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Rio Tinto has an average rating of "Moderate Buy" and an average 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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