Kovitz Investment Group Partners LLC decreased its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 49.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,914 shares of the mining company's stock after selling 4,868 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in BHP Group were worth $239,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of BHP. Invesco Ltd. raised its holdings in shares of BHP Group by 1.8% during the fourth quarter. Invesco Ltd. now owns 11,150 shares of the mining company's stock valued at $544,000 after purchasing an additional 198 shares during the last quarter. First Trust Advisors LP purchased a new stake in BHP Group during the 4th quarter valued at $1,440,000. Hsbc Holdings PLC raised its stake in BHP Group by 487.6% during the 4th quarter. Hsbc Holdings PLC now owns 30,485 shares of the mining company's stock valued at $1,491,000 after buying an additional 25,297 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in BHP Group by 6.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 5,151 shares of the mining company's stock valued at $252,000 after buying an additional 332 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in BHP Group during the 4th quarter valued at $5,610,000. Hedge funds and other institutional investors own 3.79% of the company's stock.
BHP Group Price Performance
Shares of NYSE BHP traded up $0.19 during midday trading on Wednesday, reaching $55.84. The stock had a trading volume of 1,302,418 shares, compared to its average volume of 2,974,806. BHP Group Limited Sponsored ADR has a 12-month low of $39.73 and a 12-month high of $63.21. 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 capitalization of $141.60 billion, a price-to-earnings ratio of 12.69 and a beta of 0.80. The stock has a 50-day moving average of $51.52 and a 200-day moving average of $49.74.
BHP Group Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 5th will be given a dividend of $1.185 per share. This is an increase from BHP Group's previous semi-annual dividend of $1.00. This represents a dividend yield of 410.0%. The ex-dividend date is Friday, September 5th. BHP Group's dividend payout ratio (DPR) is 44.77%.
Wall Street Analyst Weigh In
A number of analysts recently commented on BHP shares. Sanford C. Bernstein cut BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Berenberg Bank reiterated a "sell" rating and set a $44.00 price objective on shares of BHP Group in a research report on Thursday, July 24th. Argus lowered shares of BHP Group from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Citigroup reaffirmed a "neutral" rating on shares of BHP Group in a research report on Wednesday, August 20th. Finally, BMO Capital Markets lowered shares of BHP Group from an "outperform" rating to a "market perform" rating in a research report on Sunday, July 27th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, BHP Group currently has a consensus rating of "Hold" and an average price target of $48.50.
Read Our Latest Research Report on BHP
BHP Group Profile
(
Free Report)
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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