TIAA CREF Investment Management LLC Has $20.91 Million Position in BHP Billiton Limited (BHP)

TIAA CREF Investment Management LLC lowered its position in shares of BHP Billiton Limited (NYSE:BHP) by 14.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 575,767 shares of the mining company’s stock after selling 95,676 shares during the period. TIAA CREF Investment Management LLC’s holdings in BHP Billiton Limited were worth $20,912,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brown Advisory Inc. boosted its position in shares of BHP Billiton Limited by 1.0% in the fourth quarter. Brown Advisory Inc. now owns 13,217 shares of the mining company’s stock worth $474,000 after buying an additional 128 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of BHP Billiton Limited by 1.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 35,615 shares of the mining company’s stock worth $1,274,000 after buying an additional 489 shares in the last quarter. Toronto Dominion Bank boosted its position 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. Fairfield Bush & CO. boosted its position 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. Finally, Willis Investment Counsel boosted its position in shares of BHP Billiton Limited by 0.6% in the fourth quarter. Willis Investment Counsel now owns 101,385 shares of the mining company’s stock worth $3,628,000 after buying an additional 585 shares in the last quarter. 2.99% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for BHP Billiton Limited (NYSE:BHP)

Shares of BHP Billiton Limited (NYSE:BHP) traded down 3.70% during midday trading on Tuesday, hitting $33.62. The stock had a trading volume of 2,068,817 shares. BHP Billiton Limited has a 52-week low of $25.75 and a 52-week high of $41.79. The company’s 50 day moving average is $35.35 and its 200 day moving average is $37.31. The company has a market cap of $89.46 billion, a PE ratio of 36.07 and a beta of 1.12.

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A number of brokerages recently weighed in on BHP. Jefferies Group LLC cut BHP Billiton Limited from a “buy” rating to a “hold” rating and set a $32.00 price objective on the stock. in a report on Thursday, June 8th. Citigroup Inc. raised BHP Billiton Limited from a “neutral” rating to a “buy” rating in a report on Wednesday, April 26th. BidaskClub cut BHP Billiton Limited from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Investment Research cut BHP Billiton Limited from a “hold” rating to a “sell” rating in a report on Monday, June 12th. Finally, Investec raised BHP Billiton Limited from a “hold” rating to a “buy” rating in a report on Friday, March 17th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. BHP Billiton Limited currently has an average rating of “Hold” and an average price target of $35.13.

About BHP Billiton Limited

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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