Jarislowsky Fraser Ltd lowered its position in BHP Billiton Limited (NYSE:BHP) by 96.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,471 shares of the mining company’s stock after selling 612,823 shares during the period. Jarislowsky Fraser Ltd’s holdings in BHP Billiton Limited were worth $835,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the company. CENTRAL TRUST Co raised its stake in shares of BHP Billiton Limited by 1.5% in the second quarter. CENTRAL TRUST Co now owns 5,668 shares of the mining company’s stock worth $201,000 after buying an additional 85 shares in the last quarter. First Financial Corp IN raised its stake in shares of BHP Billiton Limited by 3.7% in the second quarter. First Financial Corp IN now owns 10,887 shares of the mining company’s stock worth $387,000 after buying an additional 387 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of BHP Billiton Limited by 14.6% in the first quarter. Fifth Third Bancorp now owns 3,345 shares of the mining company’s stock worth $121,000 after buying an additional 426 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of BHP Billiton Limited by 12.5% in the first quarter. Toronto Dominion Bank now owns 4,669 shares of the mining company’s stock worth $170,000 after buying an additional 519 shares in the last quarter. Finally, Fairfield Bush & CO. raised its stake in shares of BHP Billiton Limited by 4.8% in the first quarter. Fairfield Bush & CO. now owns 12,657 shares of the mining company’s stock worth $460,000 after buying an additional 575 shares in the last quarter. Institutional investors and hedge funds own 2.90% of the company’s stock.
Shares of BHP Billiton Limited (NYSE BHP) traded up 0.27% on Monday, hitting $40.46. The stock had a trading volume of 1,743,082 shares. BHP Billiton Limited has a 1-year low of $29.30 and a 1-year high of $42.00. The firm has a market capitalization of $107.66 billion, a price-to-earnings ratio of 43.41 and a beta of 1.12. The firm has a 50 day moving average of $39.01 and a 200-day moving average of $37.42.
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A number of brokerages recently weighed in on BHP. UBS AG upgraded BHP Billiton Limited from a “neutral” rating to a “buy” rating in a research report on Thursday, June 8th. HSBC Holdings plc lowered BHP Billiton Limited from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Deutsche Bank AG upgraded BHP Billiton Limited from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Jefferies Group LLC lowered BHP Billiton Limited from a “buy” rating to a “hold” rating and set a $32.00 price target on the stock. in a research report on Thursday, June 8th. Finally, Citigroup Inc. upgraded BHP Billiton Limited from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.24.
BHP Billiton Limited Company Profile
BHP Billiton Limited is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.
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