BHP Group Limited Sponsored ADR $BHP Shares Sold by Callahan Advisors LLC

Key Points

• Callahan Advisors LLC reduced its stake in BHP Group Limited by 12.7%, owning 44,273 shares after selling 6,427 shares during the second quarter.
• BHP Group recently announced a semi-annual dividend of $1.185 per share, increased from the prior $1.00, representing a remarkable 441.0% dividend yield.
• Wall Street analysts maintain a mixed outlook on BHP, with an average rating of "Hold" and a price target of $48.50, while one analyst has rated it a Strong Buy.

Callahan Advisors LLC lessened its stake in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 12.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,273 shares of the mining company's stock after selling 6,427 shares during the quarter. Callahan Advisors LLC's holdings in BHP Group were worth $2,129,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sowell Financial Services LLC acquired a new position in shares of BHP Group during the 1st quarter valued at $280,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of BHP Group by 5.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,647 shares of the mining company's stock valued at $654,000 after acquiring an additional 764 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of BHP Group by 81.4% during the 1st quarter. GAMMA Investing LLC now owns 2,899 shares of the mining company's stock valued at $141,000 after acquiring an additional 1,301 shares in the last quarter. Abel Hall LLC acquired a new position in shares of BHP Group during the 2nd quarter valued at $349,000. Finally, QRG Capital Management Inc. lifted its holdings in shares of BHP Group by 20.4% during the 2nd quarter. QRG Capital Management Inc. now owns 189,927 shares of the mining company's stock valued at $9,134,000 after acquiring an additional 32,141 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company's stock.

BHP Group Price Performance

BHP opened at $56.62 on Thursday. The company has a 50-day moving average of $54.65 and a 200-day moving average of $50.91. The company has a market capitalization of $143.70 billion, a P/E ratio of 12.87, a PEG ratio of 3.86 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 $58.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46.

BHP Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were given a dividend of $1.185 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a dividend yield of 441.0%. This is a boost from BHP Group's previous semi-annual dividend of $1.00. BHP Group's payout ratio is currently 53.86%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BHP. Weiss Ratings restated a "hold (c)" rating on shares of BHP Group in a report on Wednesday, October 8th. Berenberg Bank reiterated a "sell" rating and issued a $44.00 price objective on shares of BHP Group in a report on Thursday, July 24th. BMO Capital Markets lowered shares of BHP Group from an "outperform" rating to a "market perform" rating in a report on Sunday, July 27th. Citigroup reiterated a "neutral" rating on shares of BHP Group in a report on Wednesday, August 20th. Finally, Macquarie lowered shares of BHP Group from an "outperform" rating to a "neutral" rating in a report on Friday, July 18th. One 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. Based on data from MarketBeat, the company has an average 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.

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