Todd Asset Management LLC boosted its stake in shares of Rio Tinto PLC (NYSE:RIO) by 2.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,120,708 shares of the mining company’s stock after buying an additional 29,807 shares during the period. Rio Tinto PLC accounts for 1.4% of Todd Asset Management LLC’s investment portfolio, making the stock its 11th largest position. Todd Asset Management LLC owned approximately 0.08% of Rio Tinto PLC worth $47,417,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Nicholas Hoffman & Company LLC. raised its stake in shares of Rio Tinto PLC by 0.3% in the first quarter. Nicholas Hoffman & Company LLC. now owns 8,310 shares of the mining company’s stock valued at $338,000 after buying an additional 24 shares during the last quarter. Neville Rodie & Shaw Inc. raised its stake in shares of Rio Tinto PLC by 0.4% in the first quarter. Neville Rodie & Shaw Inc. now owns 24,000 shares of the mining company’s stock valued at $976,000 after buying an additional 100 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of Rio Tinto PLC by 0.5% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 30,150 shares of the mining company’s stock valued at $1,276,000 after buying an additional 150 shares during the last quarter. Bollard Group LLC raised its stake in shares of Rio Tinto PLC by 3.0% in the second quarter. Bollard Group LLC now owns 7,196 shares of the mining company’s stock valued at $304,000 after buying an additional 210 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Rio Tinto PLC by 2.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 11,821 shares of the mining company’s stock valued at $500,000 after buying an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 6.88% of the company’s stock.

Shares of Rio Tinto PLC (NYSE:RIO) traded up 0.90% on Friday, reaching $49.52. 668,636 shares of the company’s stock traded hands. Rio Tinto PLC has a 52-week low of $29.62 and a 52-week high of $49.63. The stock has a market cap of $88.78 billion, a price-to-earnings ratio of 14.44 and a beta of 0.98. The firm’s 50-day moving average is $46.06 and its 200-day moving average is $42.34.

The firm also recently announced a None dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, August 11th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, August 9th.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/todd-asset-management-llc-has-47-42-million-position-in-rio-tinto-plc-rio/1536243.html.

RIO has been the subject of several research analyst reports. Bank of America Corporation upgraded shares of Rio Tinto PLC from an “underperform” rating to a “buy” rating in a research note on Friday, June 30th. Zacks Investment Research lowered shares of Rio Tinto PLC from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 21st. Axiom Securities restated a “sell” rating on shares of Rio Tinto PLC in a research note on Tuesday, July 25th. Royal Bank Of Canada upgraded shares of Rio Tinto PLC from an “outperform” rating to a “top pick” rating in a research note on Wednesday, May 17th. Finally, ValuEngine upgraded shares of Rio Tinto PLC from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $43.00.

About Rio Tinto PLC

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

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

Receive News & Ratings for Rio Tinto PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.