AMP Capital Investors Ltd lowered its stake in shares of BHP Billiton plc (NYSE:BBL) by 60.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 9,746 shares of the mining company’s stock after selling 15,100 shares during the quarter. AMP Capital Investors Ltd’s holdings in BHP Billiton were worth $438,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in BBL. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of BHP Billiton during the second quarter valued at approximately $112,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of BHP Billiton during the second quarter valued at approximately $203,000. Advisor Partners LLC bought a new stake in shares of BHP Billiton during the second quarter valued at approximately $205,000. Blackhawk Capital Partners LLC. bought a new stake in shares of BHP Billiton during the first quarter valued at approximately $244,000. Finally, NumerixS Investment Technologies Inc raised its position in shares of BHP Billiton by 1,400.0% during the second quarter. NumerixS Investment Technologies Inc now owns 6,000 shares of the mining company’s stock valued at $269,000 after buying an additional 5,600 shares during the last quarter. Hedge funds and other institutional investors own 4.20% of the company’s stock.

BBL stock opened at $44.04 on Monday. BHP Billiton plc has a fifty-two week low of $34.96 and a fifty-two week high of $47.92. The company has a quick ratio of 2.24, a current ratio of 2.51 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $46.51 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 2.39 and a beta of 1.13.

The firm also recently announced a semiannual dividend, which will be paid on Tuesday, September 25th. Investors of record on Friday, September 7th will be issued a $1.26 dividend. The ex-dividend date is Thursday, September 6th. This is a positive change from BHP Billiton’s previous semiannual dividend of $0.80. This represents a dividend yield of 6.06%. BHP Billiton’s dividend payout ratio (DPR) is 75.00%.

BBL has been the topic of several recent analyst reports. ValuEngine cut shares of BHP Billiton from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. Bank of America cut shares of BHP Billiton from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 5th. Finally, Zacks Investment Research upgraded shares of BHP Billiton from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Tuesday, June 19th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $44.00.

BHP Billiton Company Profile

BHP Billiton Plc, together with its subsidiaries, discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company explores for copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical coal, thermal energy coal, and oil and gas properties.

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

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