Aperio Group LLC lifted its position in BHP Billiton Limited (NYSE:BHP) by 4.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,011,221 shares of the mining company’s stock after buying an additional 38,931 shares during the period. Aperio Group LLC’s holdings in BHP Billiton were worth $50,399,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Toronto Dominion Bank increased its position in shares of BHP Billiton by 23.2% in the 2nd quarter. Toronto Dominion Bank now owns 5,373 shares of the mining company’s stock valued at $269,000 after buying an additional 1,011 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of BHP Billiton by 1.6% in the 2nd quarter. Macquarie Group Ltd. now owns 65,564 shares of the mining company’s stock valued at $3,279,000 after buying an additional 1,059 shares in the last quarter. G&S Capital LLC increased its position in shares of BHP Billiton by 1.5% in the 2nd quarter. G&S Capital LLC now owns 70,445 shares of the mining company’s stock valued at $3,523,000 after buying an additional 1,070 shares in the last quarter. Suntrust Banks Inc. increased its position in shares of BHP Billiton by 22.4% in the 1st quarter. Suntrust Banks Inc. now owns 6,820 shares of the mining company’s stock valued at $301,000 after buying an additional 1,249 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of BHP Billiton by 12.8% in the 2nd quarter. Signaturefd LLC now owns 12,845 shares of the mining company’s stock valued at $642,000 after buying an additional 1,460 shares in the last quarter. Institutional investors and hedge funds own 3.32% of the company’s stock.
A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded BHP Billiton from a “hold” rating to a “strong-buy” rating and set a $58.00 target price for the company in a report on Tuesday, July 3rd. ValuEngine upgraded BHP Billiton from a “sell” rating to a “hold” rating in a report on Friday, September 14th. Finally, Deutsche Bank cut BHP Billiton from a “buy” rating to a “hold” rating in a report on Monday, September 10th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $48.20.
BHP stock opened at $46.41 on Friday. The stock has a market cap of $80.04 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 2.73 and a beta of 1.14. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.51 and a quick ratio of 2.24. BHP Billiton Limited has a 1 year low of $40.19 and a 1 year high of $52.62.
The company also recently announced a semiannual dividend, which was paid on Tuesday, September 25th. Shareholders of record on Friday, September 7th were issued a dividend of $1.26 per share. This represents a yield of 5.32%. The ex-dividend date of this dividend was Thursday, September 6th. This is a boost from BHP Billiton’s previous semiannual dividend of $0.80. BHP Billiton’s dividend payout ratio is 75.00%.
About BHP Billiton
BHP Billiton Limited discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company explores for copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ore, as well as metallurgical and energy coal, and oil and gas properties.
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