Polaris Capital Management LLC Increases Stake in BHP Billiton PLC (BBL)

Polaris Capital Management LLC lifted its position in shares of BHP Billiton PLC (NYSE:BBL) by 15.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,138,188 shares of the mining company’s stock after purchasing an additional 546,628 shares during the period. BHP Billiton PLC accounts for approximately 7.5% of Polaris Capital Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Polaris Capital Management LLC owned approximately 0.16% of BHP Billiton PLC worth $127,291,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BBL. Bank of New York Mellon Corp increased its stake in BHP Billiton PLC by 45.4% during the 1st quarter. Bank of New York Mellon Corp now owns 53,019 shares of the mining company’s stock worth $1,651,000 after acquiring an additional 16,554 shares during the period. Karp Capital Management Corp bought a new position in BHP Billiton PLC during the 1st quarter worth $503,000. Parametric Portfolio Associates LLC increased its stake in BHP Billiton PLC by 36.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 221,929 shares of the mining company’s stock worth $6,913,000 after acquiring an additional 59,799 shares during the period. JPMorgan Chase & Co. increased its stake in BHP Billiton PLC by 68,636.4% during the 1st quarter. JPMorgan Chase & Co. now owns 151,220 shares of the mining company’s stock worth $4,711,000 after acquiring an additional 151,000 shares during the period. Finally, United Services Automobile Association increased its stake in BHP Billiton PLC by 36.5% during the 1st quarter. United Services Automobile Association now owns 23,272 shares of the mining company’s stock worth $725,000 after acquiring an additional 6,227 shares during the period. Institutional investors own 4.12% of the company’s stock.

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BHP Billiton PLC (NYSE:BBL) traded up 0.622% during trading on Thursday, reaching $36.385. The company’s stock had a trading volume of 604,235 shares. The company has a market cap of $96.85 billion, a price-to-earnings ratio of 16.479 and a beta of 1.01. The stock’s 50 day moving average is $36.83 and its 200 day moving average is $33.30. BHP Billiton PLC has a 12 month low of $28.73 and a 12 month high of $39.12.

The business also recently announced a None dividend, which was paid on Tuesday, September 26th. Shareholders of record on Friday, September 8th were given a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a dividend yield of 4.73%. This is an increase from BHP Billiton PLC’s previous None dividend of $0.28.

BBL has been the topic of a number of recent research reports. ValuEngine upgraded BHP Billiton PLC from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. BidaskClub upgraded BHP Billiton PLC from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Jefferies Group LLC set a $37.00 price objective on BHP Billiton PLC and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Finally, Zacks Investment Research upgraded BHP Billiton PLC from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $38.00.

BHP Billiton PLC Company Profile

BHP Billiton Plc 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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Institutional Ownership by Quarter for BHP Billiton PLC (NYSE:BBL)

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