Canandaigua National Bank & Trust Co. boosted its position in BHP Billiton Limited (NYSE:BHP) by 40.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,236 shares of the mining company’s stock after buying an additional 9,882 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in BHP Billiton Limited were worth $1,218,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. State Street Corp raised its stake in shares of BHP Billiton Limited by 30.9% in the fourth quarter. State Street Corp now owns 121,280 shares of the mining company’s stock worth $4,339,000 after buying an additional 28,638 shares in the last quarter. Conning Inc. purchased a new stake in shares of BHP Billiton Limited during the first quarter worth about $317,000. Greenleaf Trust raised its stake in shares of BHP Billiton Limited by 186.9% in the first quarter. Greenleaf Trust now owns 20,283 shares of the mining company’s stock worth $737,000 after buying an additional 13,213 shares in the last quarter. Jennison Associates LLC increased its position in shares of BHP Billiton Limited by 3.0% in the first quarter. Jennison Associates LLC now owns 665,136 shares of the mining company’s stock worth $24,158,000 after buying an additional 19,656 shares during the last quarter. Finally, Tocqueville Asset Management L.P. increased its position in shares of BHP Billiton Limited by 8.2% in the first quarter. Tocqueville Asset Management L.P. now owns 837,654 shares of the mining company’s stock worth $30,424,000 after buying an additional 63,379 shares during the last quarter. 2.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BHP Billiton Limited (BHP) opened at 42.56 on Friday. The stock has a market cap of $113.29 billion, a P/E ratio of 19.28 and a beta of 1.12. BHP Billiton Limited has a 52-week low of $29.30 and a 52-week high of $43.60. The firm has a 50-day moving average price of $40.31 and a 200-day moving average price of $37.50.

The business also recently declared a Semi-Annual dividend, which will be paid on Tuesday, September 26th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.86 per share. This is a boost from BHP Billiton Limited’s previous Semi-Annual dividend of $0.32. This represents a dividend yield of 4.04%. The ex-dividend date is Thursday, September 7th.

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A number of equities analysts recently commented on the company. Zacks Investment Research upgraded BHP Billiton Limited from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Cowen and Company set a $43.00 price objective on BHP Billiton Limited and gave the stock a “hold” rating in a research report on Thursday. Citigroup Inc. downgraded BHP Billiton Limited from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $41.79 to $28.02 in a research report on Wednesday, July 19th. BidaskClub upgraded BHP Billiton Limited from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Finally, HSBC Holdings plc downgraded BHP Billiton Limited from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. BHP Billiton Limited presently has an average rating of “Hold” and a consensus price target of $34.67.

About BHP Billiton Limited

BHP Billiton Limited is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.

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Institutional Ownership by Quarter for BHP Billiton Limited (NYSE:BHP)

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