Wellington Management Co. LLP has recently announced that it has increased stake in Rio Tinto plc ADR (NYSE:RIO) by 41.04%. After grabbing 23.19 million shares, the institutional investor is now in possession of 6.75 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 1.85% having worth around $1.73 billion. Moreover, Fisher Asset Management LLC increased its share by 0.68 million to have a control over 15.57 million shares. And Franklin Advisers, Inc. raised its holdings to 10200.0 shares by acquiring 6.36 million shares or 0.51% of the stake.
Rio Tinto plc ADR (RIO) concluded trading on Wednesday at a closing price of $69.55, with 4.84 million shares of worth about $336.53 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.37% during that period and On Wednesday, January 24 the price saw a gain of about 1.18%. Currently the company’s common shares owned by public are about 1.25B shares, out of which, 1.25B shares are available for trading.
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Vanguard Equity Income Fund, Vanguard Wellesley Income Fund, and Washington Mutual Investors Fund are the top 3 mutual funds which are holding stakes in Rio Tinto plc ADR Vanguard Equity Income Fund is currently holding 8.75 million shares of worth totaling $651.37 million. The company recently came buying 3.08 million shares which brought its stake up to 0.70% of the company’s outstanding shares. Vanguard Wellesley Income Fund bought 1.07 million shares, after which its hold over company’s outstanding shares expand to 0.40%, leaving 5.01 million shares with the mutual fund that have a worth of about $373.15 million. Washington Mutual Investors Fund, after selling 4.47 million shares, have now control over 0.36% of the stake in the company. It holds -3.29 million shares of worth $332.82 million.
Stock saw a price change of 1.98% in past 5 days and over the past one month there was a price change of -6.01%. Year-to-date (YTD), RIO shares are showing a performance of -6.59% which decreased to -11.69% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $58.27 but also hit the highest price of $80.51 during that period. The average intraday trading volume for Rio Tinto plc ADR shares is 2.76 million. The stock is currently trading -2.78% below its 20-day simple moving average (SMA20), while that difference is down -1.16% for SMA50 and it goes to 6.27% higher than SMA200.
Wellington Management Co. LLP acquired 23.19 million shares of Rio Tinto plc ADR having value of about $1.73 billion. Data submitted at the U.S SEC by Wellington Management Co. LLP revealed that the firm now holds 6.75 million shares in the company valued at close to $469378970.45, or have control over 41.04% stake in the company. Rio Tinto plc ADR (NYSE: RIO) currently have 1.25B outstanding shares and institutions hold larger chunk of about 10.53% of that. Holding of mutual funds in the company is about 3.80% while other institutional holders and individual stake holders have control over 6.72% and — of the stake respectively.
The stock has a current market capitalization of $87.01B and its 3Y-monthly beta is at 0.76. PE ratio of stock for trailing 12 months is 12.89, while it has posted earnings per share of $5.40 in the same period. It has Quick Ratio of 1.37 while making debt-to-equity ratio of 0.27. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RIO, volatility over the week remained 1.25% while standing at 1.06% over the month.
Analysts are in expectations that Rio Tinto plc ADR (RIO) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -10.31% while it is estimated to increase by 8.75% in next year. EPS is likely to shrink at an annualized rate of -3.30% for next 5-years, compared to annual growth of 9.35% made by the stock over the past 5-years.
