Foster Victor Wealth Advisors LLC Has $233,000 Stock Holdings in Rio Tinto Group (NYSE:RIO)

Foster Victor Wealth Advisors LLC boosted its position in shares of Rio Tinto Group (NYSE:RIO) by 6.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,518 shares of the mining company’s stock after purchasing an additional 219 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Rio Tinto Group were worth $233,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in shares of Rio Tinto Group in the 4th quarter valued at $7,954,000. Cerity Partners LLC increased its holdings in shares of Rio Tinto Group by 84.5% in the fourth quarter. Cerity Partners LLC now owns 21,195 shares of the mining company’s stock worth $1,578,000 after acquiring an additional 9,707 shares in the last quarter. Simplicity Solutions LLC raised its position in shares of Rio Tinto Group by 16.0% during the fourth quarter. Simplicity Solutions LLC now owns 5,821 shares of the mining company’s stock worth $433,000 after purchasing an additional 804 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Rio Tinto Group by 8.5% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 64,869 shares of the mining company’s stock valued at $4,830,000 after purchasing an additional 5,058 shares in the last quarter. Finally, J.W. Cole Advisors Inc. grew its position in shares of Rio Tinto Group by 27.9% in the 4th quarter. J.W. Cole Advisors Inc. now owns 4,731 shares of the mining company’s stock valued at $352,000 after purchasing an additional 1,031 shares during the period. Institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Trading Up 0.5 %

NYSE RIO opened at $61.28 on Friday. The firm’s fifty day moving average price is $65.41 and its two-hundred day moving average price is $66.46. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a fifty-two week low of $58.89 and a fifty-two week high of $75.09.

Rio Tinto Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, August 16th will be given a dividend of $1.77 per share. The ex-dividend date is Friday, August 16th. This represents a yield of 6.8%.

Wall Street Analyst Weigh In

Several analysts have commented on RIO shares. HSBC upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. Royal Bank of Canada upgraded shares of Rio Tinto Group to a “hold” rating in a report on Wednesday, July 31st. Citigroup cut shares of Rio Tinto Group from a “buy” rating to a “neutral” rating in a research note on Monday, May 20th. Hsbc Global Res raised shares of Rio Tinto Group to a “strong-buy” rating in a report on Tuesday, July 23rd. Finally, Berenberg Bank downgraded shares of Rio Tinto Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

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.