Capital Wealth Planning LLC Has $929,000 Holdings in Rio Tinto Group (NYSE:RIO)

Capital Wealth Planning LLC lifted its position in shares of Rio Tinto Group (NYSE:RIO) by 25.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,576 shares of the mining company’s stock after buying an additional 2,968 shares during the quarter. Capital Wealth Planning LLC’s holdings in Rio Tinto Group were worth $929,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in Rio Tinto Group by 7.1% in the fourth quarter. Wellington Management Group LLP now owns 24,838,524 shares of the mining company’s stock worth $1,849,476,000 after purchasing an additional 1,644,751 shares during the period. Fisher Asset Management LLC grew its holdings in Rio Tinto Group by 3.1% in the fourth quarter. Fisher Asset Management LLC now owns 16,045,541 shares of the mining company’s stock worth $1,194,751,000 after purchasing an additional 475,329 shares during the period. Morgan Stanley grew its holdings in Rio Tinto Group by 2.7% in the third quarter. Morgan Stanley now owns 4,464,344 shares of the mining company’s stock worth $284,111,000 after purchasing an additional 118,706 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in Rio Tinto Group by 22.7% in the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 978,859 shares of the mining company’s stock worth $62,392,000 after purchasing an additional 180,874 shares during the period. Finally, SPX Gestao de Recursos Ltda grew its holdings in Rio Tinto Group by 560.8% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 791,933 shares of the mining company’s stock worth $58,967,000 after purchasing an additional 672,095 shares during the period. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Rio Tinto Group Stock Up 0.6 %

Shares of RIO traded up $0.44 during trading hours on Friday, reaching $68.52. 1,617,379 shares of the stock traded hands, compared to its average volume of 1,626,352. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.23. The stock has a fifty day simple moving average of $68.70 and a 200 day simple moving average of $67.73. Rio Tinto Group has a 52 week low of $58.27 and a 52 week high of $75.09.

Wall Street Analysts Forecast Growth

RIO has been the topic of a number of recent research reports. Citigroup lowered shares of Rio Tinto Group from a “buy” rating to a “neutral” rating in a research note on Monday, May 20th. StockNews.com raised shares of Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 21st. Finally, Berenberg Bank lowered shares of Rio Tinto Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently 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.