10,274 Shares in Rio Tinto PLC $RIO Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in shares of Rio Tinto PLC (NYSE:RIOFree Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,274 shares of the mining company’s stock, valued at approximately $678,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aspen Wealth Strategies LLC boosted its stake in shares of Rio Tinto by 8.6% during the third quarter. Aspen Wealth Strategies LLC now owns 5,570 shares of the mining company’s stock valued at $368,000 after purchasing an additional 440 shares during the period. Parr Mcknight Wealth Management Group LLC lifted its holdings in Rio Tinto by 1.3% during the 3rd quarter. Parr Mcknight Wealth Management Group LLC now owns 26,968 shares of the mining company’s stock valued at $1,780,000 after buying an additional 345 shares in the last quarter. Compound Planning Inc. boosted its position in Rio Tinto by 86.5% in the 3rd quarter. Compound Planning Inc. now owns 14,240 shares of the mining company’s stock valued at $940,000 after buying an additional 6,606 shares during the period. Legacy Financial Advisors Inc. purchased a new stake in Rio Tinto in the 3rd quarter valued at about $809,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Rio Tinto by 36.8% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,637 shares of the mining company’s stock worth $702,000 after acquiring an additional 2,863 shares in the last quarter. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Key Stories Impacting Rio Tinto

Here are the key news stories impacting Rio Tinto this week:

Rio Tinto Price Performance

Shares of NYSE RIO opened at $99.30 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 1.44. Rio Tinto PLC has a 1-year low of $51.67 and a 1-year high of $101.53. The business has a fifty day moving average price of $89.84 and a 200 day moving average price of $75.47.

Rio Tinto Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, April 16th. Shareholders of record on Friday, March 6th will be given a dividend of $2.54 per share. This represents a dividend yield of 527.0%. The ex-dividend date of this dividend is Friday, March 6th.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on RIO shares. HSBC downgraded shares of Rio Tinto from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Citigroup raised Rio Tinto to a “hold” rating in a research report on Tuesday, February 10th. Argus upped their target price on Rio Tinto from $70.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Morgan Stanley lowered Rio Tinto from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings upgraded Rio Tinto from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rio Tinto presently has a consensus rating of “Hold” and a consensus target price of $85.00.

View Our Latest Stock Analysis on RIO

Rio Tinto Profile

(Free Report)

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.

Read More

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Institutional Ownership by Quarter for Rio Tinto (NYSE:RIO)

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