BHP Group Limited Sponsored ADR $BHP Shares Bought by Wellington Management Group LLP

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% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,579,061 shares of the mining company's stock after buying an additional 63,641 shares during the period. Wellington Management Group LLP owned approximately 0.22% of BHP Group worth $270,808,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BHP. WFA Asset Management Corp purchased a new position in shares of BHP Group in the 1st quarter valued at $26,000. Costello Asset Management INC purchased a new position in shares of BHP Group in the 1st quarter valued at $26,000. Alpine Bank Wealth Management purchased a new position in shares of BHP Group in the 1st quarter valued at $27,000. Compagnie Lombard Odier SCmA purchased a new position in shares of BHP Group in the 1st quarter valued at $32,000. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of BHP Group in the 4th quarter valued at $74,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. BMO Capital Markets downgraded shares of BHP Group from an "outperform" rating to a "market perform" rating in a research report on Sunday, July 27th. Berenberg Bank restated a "sell" rating and issued a $44.00 target price on shares of BHP Group in a research note on Thursday, July 24th. Sanford C. Bernstein cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Argus cut shares of BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Finally, Citigroup restated a "neutral" rating on shares of BHP Group in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $48.50.

BHP Group Trading Up 2.6%

Shares of BHP Group stock traded up $1.4250 during trading hours on Friday, hitting $55.9250. The company's stock had a trading volume of 3,994,711 shares, compared to its average volume of 2,920,826. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $63.21. The business has a fifty day moving average of $51.23 and a 200 day moving average of $49.67. The company has a market capitalization of $141.81 billion, a PE ratio of 12.71 and a beta of 0.80. The company has a quick ratio of 1.25, a current ratio of 1.46 and a debt-to-equity ratio of 0.43.

BHP Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 5th will be given a $1.185 dividend. The ex-dividend date of this dividend is Friday, September 5th. This is an increase from BHP Group's previous semi-annual dividend of $1.00. This represents a dividend yield of 410.0%. BHP Group's dividend payout ratio (DPR) is currently 44.77%.

BHP Group 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.