US Bancorp DE reduced its position in shares of BHP Group Limited (NYSE:BHP – Free Report) by 25.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 294,137 shares of the mining company’s stock after selling 101,267 shares during the quarter. US Bancorp DE’s holdings in BHP Group were worth $17,551,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Global Retirement Partners LLC lifted its position in BHP Group by 21.4% in the 1st quarter. Global Retirement Partners LLC now owns 2,793 shares of the mining company’s stock valued at $163,000 after acquiring an additional 492 shares in the last quarter. American Century Companies Inc. raised its position in BHP Group by 15.0% in the 1st quarter. American Century Companies Inc. now owns 370,797 shares of the mining company’s stock worth $23,512,000 after buying an additional 48,369 shares during the last quarter. PDS Planning Inc lifted its stake in BHP Group by 6.8% during the 2nd quarter. PDS Planning Inc now owns 5,959 shares of the mining company’s stock valued at $356,000 after acquiring an additional 379 shares during the period. Fulcrum Equity Management purchased a new stake in shares of BHP Group during the 2nd quarter valued at about $286,000. Finally, Insigneo Advisory Services LLC grew its stake in shares of BHP Group by 59.2% in the first quarter. Insigneo Advisory Services LLC now owns 11,560 shares of the mining company’s stock worth $733,000 after acquiring an additional 4,300 shares during the period.
BHP Group Trading Up 0.9 %
BHP opened at $60.91 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.95 and a current ratio of 1.23. The firm’s fifty day moving average is $57.24 and its 200 day moving average is $58.44. BHP Group Limited has a fifty-two week low of $54.28 and a fifty-two week high of $71.52.
BHP Group Cuts Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, September 28th. Stockholders of record on Friday, September 8th were paid a $1.60 dividend. This represents a dividend yield of 5.9%. The ex-dividend date was Thursday, September 7th.
Analysts Set New Price Targets
Several brokerages recently issued reports on BHP. UBS Group upgraded shares of BHP Group from a “sell” rating to a “neutral” rating in a report on Thursday, October 5th. JPMorgan Chase & Co. lifted their price objective on BHP Group from $47.00 to $50.00 in a report on Wednesday, September 13th. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 29th. Finally, Sanford C. Bernstein cut shares of BHP Group from an “outperform” rating to a “market perform” rating in a research note on Monday, September 25th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $1,950.00.
Get Our Latest Analysis on BHP
About BHP Group
BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.
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