Eads & Heald Wealth Management Has $226,000 Holdings in Rio Tinto Group (NYSE:RIO)

Eads & Heald Wealth Management decreased its position in Rio Tinto Group (NYSE:RIO) by 9.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,182 shares of the mining company’s stock after selling 320 shares during the quarter. Eads & Heald Wealth Management’s holdings in Rio Tinto Group were worth $226,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in RIO. Russell Investments Group Ltd. grew its position in shares of Rio Tinto Group by 0.4% during the 1st quarter. Russell Investments Group Ltd. now owns 39,964 shares of the mining company’s stock worth $2,547,000 after purchasing an additional 147 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Rio Tinto Group by 55.4% during the first quarter. Geneos Wealth Management Inc. now owns 415 shares of the mining company’s stock worth $26,000 after buying an additional 148 shares in the last quarter. Armstrong Advisory Group Inc. increased its stake in Rio Tinto Group by 9.6% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,808 shares of the mining company’s stock worth $129,000 after acquiring an additional 159 shares during the period. Eagle Bluffs Wealth Management LLC lifted its position in shares of Rio Tinto Group by 1.1% during the 2nd quarter. Eagle Bluffs Wealth Management LLC now owns 14,997 shares of the mining company’s stock valued at $989,000 after acquiring an additional 163 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of Rio Tinto Group by 2.4% during the 1st quarter. Bessemer Group Inc. now owns 7,304 shares of the mining company’s stock worth $465,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Trading Up 0.7 %

Shares of NYSE:RIO opened at $65.33 on Friday. The firm has a 50 day simple moving average of $65.19 and a 200 day simple moving average of $66.33. Rio Tinto Group has a one year low of $59.35 and a one year high of $75.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Hsbc Global Res raised shares of Rio Tinto Group to a “strong-buy” rating in a research report on Tuesday, July 23rd. Macquarie reaffirmed a “neutral” rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. StockNews.com raised shares of Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 6th. HSBC upgraded Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 23rd. Finally, Royal Bank of Canada raised Rio Tinto Group to a “hold” rating in a report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Rio Tinto Group Company 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.