Cwm LLC Reduces Holdings in Rio Tinto Group (NYSE:RIO)

Cwm LLC decreased its holdings in shares of Rio Tinto Group (NYSE:RIO) by 5.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 14,015 shares of the mining company’s stock after selling 845 shares during the period. Cwm LLC’s holdings in Rio Tinto Group were worth $1,044,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of RIO. Signaturefd LLC boosted its position in Rio Tinto Group by 6.5% in the fourth quarter. Signaturefd LLC now owns 23,940 shares of the mining company’s stock valued at $1,783,000 after buying an additional 1,466 shares during the last quarter. Lindbrook Capital LLC boosted its position in Rio Tinto Group by 16.9% in the fourth quarter. Lindbrook Capital LLC now owns 2,664 shares of the mining company’s stock valued at $198,000 after buying an additional 385 shares during the last quarter. abrdn plc boosted its position in Rio Tinto Group by 8.8% in the fourth quarter. abrdn plc now owns 215,100 shares of the mining company’s stock valued at $16,016,000 after buying an additional 17,400 shares during the last quarter. Hunter Associates Investment Management LLC boosted its position in Rio Tinto Group by 5.3% in the fourth quarter. Hunter Associates Investment Management LLC now owns 7,900 shares of the mining company’s stock valued at $588,000 after buying an additional 400 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its position in Rio Tinto Group by 27.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 4,731 shares of the mining company’s stock valued at $352,000 after buying an additional 1,031 shares during the last quarter. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Stock Up 0.7 %

Shares of RIO opened at $68.24 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a one year low of $58.27 and a one year high of $75.09. The stock has a 50 day moving average price of $64.86 and a 200 day moving average price of $67.33.

Rio Tinto Group Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, April 18th. Investors of record on Friday, March 8th were given a dividend of $2.58 per share. This represents a dividend yield of 6.6%. This is a boost from Rio Tinto Group’s previous semi-annual dividend of $1.77. The ex-dividend date of this dividend was Thursday, March 7th.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on Rio Tinto Group in a report on Friday, January 12th. They issued a “buy” rating for the company. Liberum Capital reissued a “hold” rating on shares of Rio Tinto Group in a report on Tuesday, March 5th. Finally, StockNews.com raised Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 18th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Rio Tinto Group 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.