U.S. Capital Wealth Advisors LLC Lowers Holdings in Rio Tinto PLC $RIO

Key Points

• U.S. Capital Wealth Advisors LLC reduced its stake in Rio Tinto by 24.9% in Q4, selling 10,563 shares and leaving 31,849 shares valued at about $2.55 million.
• Rio Tinto declared a $2.54 per share dividend payable April 16 with an ex-dividend/record date of March 6, and the article cites a reported yield of 564.0%.
• The stock carries an average analyst rating of "Hold" with an average price target of $81.00 (four Buy ratings vs. eleven Hold ratings), and recent downgrades from Zacks and HSBC.

U.S. Capital Wealth Advisors LLC reduced its stake in shares of Rio Tinto PLC (NYSE:RIO - Free Report) by 24.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,849 shares of the mining company's stock after selling 10,563 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Rio Tinto were worth $2,549,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Capital Advisors Inc. OK raised its position in shares of Rio Tinto by 20.6% in the 3rd quarter. Capital Advisors Inc. OK now owns 520,428 shares of the mining company's stock worth $34,353,000 after buying an additional 89,069 shares during the period. QSM Asset Management Ltd acquired a new stake in Rio Tinto during the third quarter worth about $11,509,000. Campbell & CO Investment Adviser LLC raised its holdings in shares of Rio Tinto by 479.6% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 144,553 shares of the mining company's stock worth $9,542,000 after purchasing an additional 119,614 shares during the period. Synergy Asset Management LLC lifted its stake in shares of Rio Tinto by 272.2% in the 3rd quarter. Synergy Asset Management LLC now owns 205,418 shares of the mining company's stock valued at $12,712,000 after purchasing an additional 150,234 shares in the last quarter. Finally, Caprock Group LLC purchased a new stake in shares of Rio Tinto during the 3rd quarter worth about $1,416,000. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

Rio Tinto Price Performance

Shares of Rio Tinto stock opened at $99.19 on Tuesday. The business has a 50-day moving average price of $93.83 and a 200 day moving average price of $82.01. Rio Tinto PLC has a fifty-two week low of $55.64 and a fifty-two week high of $101.53. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.98.

Rio Tinto Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, April 16th. Investors of record on Friday, March 6th will be paid a dividend of $2.54 per share. The ex-dividend date is Friday, March 6th. This represents a yield of 564.0%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Zacks Research downgraded shares of Rio Tinto from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 7th. HSBC lowered Rio Tinto from a "buy" rating to a "hold" rating in a research report on Monday, January 26th. Erste Group Bank upgraded Rio Tinto from a "hold" rating to a "buy" rating in a report on Friday, January 23rd. Weiss Ratings upgraded Rio Tinto from a "hold (c)" rating to a "buy (b-)" rating in a report on Friday, February 20th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Rio Tinto in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $81.00.

About Rio Tinto

Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company's activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.

The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.

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