Baugh & Associates LLC Takes $3.09 Million Position in BHP Group Limited Sponsored ADR $BHP

Key Points

• Baugh & Associates LLC has invested approximately $3.09 million in BHP Group Limited Sponsored ADR, acquiring 68,450 shares which now represent 1.6% of its investment portfolio.
• Recent analyst ratings on BHP Group have varied, with notable downgrades from Macquarie and BMO Capital Markets, resulting in a consensus rating of "Hold" and an average target price of $48.50.
• BHP Group announced an increase in its semi-annual dividend to $1.185 payable on September 25th, reflecting a substantial yield of 441.0%.

Baugh & Associates LLC bought a new stake in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 68,450 shares of the mining company's stock, valued at approximately $3,094,000. BHP Group makes up approximately 1.6% of Baugh & Associates LLC's investment portfolio, making the stock its 28th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Costello Asset Management INC acquired a new position in shares of BHP Group in the 1st quarter valued at $26,000. WFA Asset Management Corp acquired a new position in shares of BHP Group in the 1st quarter valued at $26,000. Alpine Bank Wealth Management acquired a new position in shares of BHP Group in the 1st quarter valued at $27,000. Compagnie Lombard Odier SCmA acquired a new position in shares of BHP Group in the 1st quarter valued at $32,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of BHP Group in the 1st quarter valued at $73,000. Institutional investors and hedge funds own 3.79% of the company's stock.

BHP Group Price Performance

BHP Group stock traded up $0.98 on Monday, reaching $53.12. The company's stock had a trading volume of 3,037,644 shares, compared to its average volume of 2,975,917. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. The company has a market cap of $134.81 billion, a price-to-earnings ratio of 12.07 and a beta of 0.81. The business's fifty day moving average price is $53.54 and its 200 day moving average price is $50.21. BHP Group Limited Sponsored ADR has a twelve month low of $39.73 and a twelve month high of $63.21.

BHP Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 5th will be paid a $1.185 dividend. This is an increase from BHP Group's previous semi-annual dividend of $1.00. This represents a yield of 441.0%. The ex-dividend date of this dividend is Friday, September 5th. BHP Group's payout ratio is presently 53.86%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BHP. Citigroup restated a "neutral" rating on shares of BHP Group in a research note on Wednesday, August 20th. Macquarie cut BHP Group from an "outperform" rating to a "neutral" rating in a research report on Friday, July 18th. BMO Capital Markets cut BHP Group from an "outperform" rating to a "market perform" rating in a research report on Sunday, July 27th. Argus cut BHP Group from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Finally, Berenberg Bank reiterated a "sell" rating and issued a $44.00 price target on shares of BHP Group in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $48.50.

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.