BHP Group Limited Sponsored ADR $BHP Shares Bought by Pacific Heights Asset Management LLC

Key Points

• Pacific Heights Asset Management LLC increased its holdings in BHP Group Limited by 16.7%, acquiring an additional 50,000 shares during the second quarter, bringing their total to 350,000 shares worth approximately $16.83 million.
• BHP Group announced a recent increase in its semi-annual dividend to $1.185 per share, reflecting a yield of 441.0% compared to the previous dividend of $1.00.
• Wall Street analysts currently maintain a consensus rating of "Hold" on BHP shares, with a target price of $48.50, while several analysts have issued mixed ratings, including a downgrade from BMO Capital Markets.

Pacific Heights Asset Management LLC lifted its position in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 16.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 350,000 shares of the mining company's stock after acquiring an additional 50,000 shares during the quarter. Pacific Heights Asset Management LLC's holdings in BHP Group were worth $16,832,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BHP. Costello Asset Management INC acquired a new position in shares of BHP Group in the 1st quarter worth approximately $26,000. Alpine Bank Wealth Management acquired a new position in shares of BHP Group in the 1st quarter worth approximately $27,000. Hilltop National Bank acquired a new position in shares of BHP Group in the 2nd quarter worth approximately $32,000. Raleigh Capital Management Inc. acquired a new position in shares of BHP Group in the 2nd quarter worth approximately $58,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of BHP Group in the 1st quarter worth approximately $73,000. Institutional investors and hedge funds own 3.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Citigroup reissued a "neutral" rating on shares of BHP Group in a report on Wednesday, August 20th. Weiss Ratings reissued a "hold (c)" rating on shares of BHP Group in a report on Wednesday, October 8th. BMO Capital Markets downgraded BHP Group from an "outperform" rating to a "market perform" rating in a report on Sunday, July 27th. Berenberg Bank reissued a "sell" rating and issued a $44.00 price target on shares of BHP Group in a report on Thursday, July 24th. Finally, Macquarie downgraded BHP Group from an "outperform" rating to a "neutral" rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $48.50.

BHP Group Stock Down 1.3%

Shares of BHP Group stock opened at $56.03 on Wednesday. The business's fifty day moving average price is $54.90 and its two-hundred day moving average price is $51.20. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.11. The company has a market capitalization of $142.21 billion, a P/E ratio of 12.74, a PEG ratio of 4.11 and a beta of 0.80. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $58.51.

BHP Group Increases Dividend

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

BHP Group Company Profile

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.

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