Wellington Management Group LLP Has $270.81 Million Holdings in BHP Group Limited Sponsored ADR $BHP

Key Points

• Wellington Management Group LLP increased its holdings in BHP Group Limited by 1.2%, owning 5,579,061 shares valued at approximately $270.8 million after acquiring an additional 63,641 shares during the first quarter.
• Several institutional investors have also raised their positions in BHP, with Russell Investments Group increasing its stake by 31.1% and Hsbc Holdings PLC by a significant 487.6% during the fourth quarter.
• Analyst ratings for BHP Group have been mixed, with one "Strong Buy," five "Hold," and one "Sell," while the average price target is set at $48.50 following recent downgrades from various brokerages.

Wellington Management Group LLP lifted its stake in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 1.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,579,061 shares of the mining company's stock after purchasing an additional 63,641 shares during the quarter. Wellington Management Group LLP owned 0.22% of BHP Group worth $270,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Northern Trust Corp lifted its position in shares of BHP Group by 58.5% in the fourth quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock worth $112,043,000 after purchasing an additional 846,963 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in shares of BHP Group by 1,898.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company's stock worth $34,543,000 after purchasing an additional 672,016 shares in the last quarter. American Century Companies Inc. raised its stake in shares of BHP Group by 6.1% during the 1st quarter. American Century Companies Inc. now owns 681,659 shares of the mining company's stock worth $33,088,000 after purchasing an additional 38,903 shares in the last quarter. Citigroup Inc. raised its stake in shares of BHP Group by 94.9% during the 1st quarter. Citigroup Inc. now owns 422,239 shares of the mining company's stock worth $20,495,000 after purchasing an additional 205,591 shares in the last quarter. Finally, Willis Investment Counsel raised its stake in shares of BHP Group by 1.9% during the 1st quarter. Willis Investment Counsel now owns 411,130 shares of the mining company's stock worth $19,956,000 after purchasing an additional 7,816 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein downgraded BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Berenberg Bank reaffirmed a "sell" rating and set a $44.00 price target on shares of BHP Group in a research note on Thursday, July 24th. Argus downgraded BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Macquarie downgraded BHP Group from an "outperform" rating to a "neutral" rating in a research note on Friday, July 18th. Finally, Citigroup reaffirmed a "neutral" rating on shares of BHP Group in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, BHP Group has an average rating of "Hold" and a consensus price target of $48.50.

BHP Group Stock Performance

BHP traded down $0.05 on Monday, hitting $55.90. The company had a trading volume of 735,072 shares, compared to its average volume of 2,981,680. The company's fifty day moving average price is $51.23 and its 200 day moving average price is $49.66. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $63.21. 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 stock has a market cap of $141.75 billion, a price-to-earnings ratio of 12.70 and a beta of 0.80.

BHP Group Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 5th will be issued a $1.185 dividend. This is an increase from BHP Group's previous semi-annual dividend of $1.00. The ex-dividend date is Friday, September 5th. This represents a yield of 410.0%. BHP Group's dividend payout ratio 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.