Community Bank & Trust Waco Texas Boosts Holdings in Rio Tinto Group (NYSE:RIO)

Community Bank & Trust Waco Texas grew its position in Rio Tinto Group (NYSE:RIO - Free Report) by 20.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,574 shares of the mining company's stock after purchasing an additional 4,188 shares during the period. Community Bank & Trust Waco Texas' holdings in Rio Tinto Group were worth $1,455,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of RIO. Winch Advisory Services LLC purchased a new position in Rio Tinto Group during the third quarter worth approximately $26,000. FSC Wealth Advisors LLC acquired a new stake in shares of Rio Tinto Group in the third quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Rio Tinto Group by 63.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company's stock valued at $29,000 after purchasing an additional 195 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of Rio Tinto Group by 70.9% in the third quarter. Sound Income Strategies LLC now owns 417 shares of the mining company's stock valued at $30,000 after purchasing an additional 173 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in Rio Tinto Group during the third quarter worth $38,000. Hedge funds and other institutional investors own 19.33% of the company's stock.

Rio Tinto Group Stock Up 0.2 %

RIO stock traded up $0.16 during midday trading on Friday, reaching $63.45. 2,736,492 shares of the company were exchanged, compared to its average volume of 3,190,633. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 0.23. The stock's 50-day simple moving average is $60.63 and its 200 day simple moving average is $62.95. Rio Tinto Group has a 1-year low of $57.85 and a 1-year high of $74.24.

Analysts Set New Price Targets

Several research analysts have recently commented on RIO shares. StockNews.com lowered Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, January 25th. Jefferies Financial Group decreased their target price on Rio Tinto Group from $83.00 to $73.00 and set a "buy" rating for the company in a report on Monday, January 6th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Rio Tinto Group has a consensus rating of "Moderate Buy" and an average price target of $73.00.

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.