Pittenger & Anderson Inc. trimmed its position in BHP Billiton Limited (NYSE:BHP) by 17.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,050 shares of the mining company’s stock after selling 7,950 shares during the quarter. Pittenger & Anderson Inc.’s holdings in BHP Billiton Limited were worth $1,319,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Huntington National Bank increased its stake in shares of BHP Billiton Limited by 25.3% in the second quarter. Huntington National Bank now owns 2,837 shares of the mining company’s stock worth $101,000 after buying an additional 572 shares during the period. Proficio Capital Partners LLC increased its stake in shares of BHP Billiton Limited by 122.8% in the first quarter. Proficio Capital Partners LLC now owns 3,133 shares of the mining company’s stock worth $114,000 after buying an additional 1,727 shares during the period. Fifth Third Bancorp increased its stake in shares of BHP Billiton Limited by 14.6% in the first quarter. Fifth Third Bancorp now owns 3,345 shares of the mining company’s stock worth $121,000 after buying an additional 426 shares during the period. V Wealth Management LLC purchased a new position in shares of BHP Billiton Limited in the second quarter worth $133,000. Finally, Bollard Group LLC increased its stake in shares of BHP Billiton Limited by 18.3% in the second quarter. Bollard Group LLC now owns 4,133 shares of the mining company’s stock worth $147,000 after buying an additional 640 shares during the period. 2.98% of the stock is currently owned by institutional investors.

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Several research analysts recently commented on the stock. Exane BNP Paribas downgraded shares of BHP Billiton Limited from a “neutral” rating to an “underperform” rating in a research note on Thursday. BNP Paribas downgraded shares of BHP Billiton Limited from a “neutral” rating to an “underperform” rating in a research note on Wednesday. Raymond James Financial, Inc. downgraded shares of BHP Billiton Limited from a “market perform” rating to an “underperform” rating in a research note on Friday, September 1st. Royal Bank Of Canada downgraded shares of BHP Billiton Limited from a “sector perform” rating to an “underperform” rating in a research note on Thursday, August 31st. They noted that the move was a valuation call. Finally, BidaskClub raised shares of BHP Billiton Limited from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. BHP Billiton Limited presently has a consensus rating of “Hold” and a consensus target price of $34.67.

BHP Billiton Limited (BHP) traded down 2.63% during mid-day trading on Friday, hitting $42.99. 4,715,548 shares of the stock were exchanged. The stock has a market cap of $114.44 billion, a price-to-earnings ratio of 19.47 and a beta of 1.12. BHP Billiton Limited has a 52-week low of $29.30 and a 52-week high of $44.62. The stock has a 50 day moving average of $41.59 and a 200-day moving average of $37.73. BHP Billiton Limited also was the recipient of some unusual options trading on Wednesday. Investors bought 23,922 call options on the stock. This represents an increase of approximately 1,018% compared to the typical daily volume of 2,139 call options.

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

BHP Billiton Limited Company Profile

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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