BHP Group Limited Sponsored ADR $BHP Shares Sold by U.S. Capital Wealth Advisors LLC

Key Points

• U.S. Capital Wealth Advisors LLC reduced its holdings in BHP Group Limited by 56.6% in Q2, selling 21,815 shares and retaining 16,754 shares valued at approximately $806,000.
• BHP Group has announced a semi-annual dividend increase to $1.185 per share, set to be paid on September 25th, up from the previous $1.00 dividend.
• Several analysts have downgraded BHP Group, with a current average rating of "Hold" and a consensus price target of $48.50.

U.S. Capital Wealth Advisors LLC trimmed its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 56.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,754 shares of the mining company's stock after selling 21,815 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in BHP Group were worth $806,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Deutsche Bank AG raised its stake in shares of BHP Group by 160.0% in the 4th quarter. Deutsche Bank AG now owns 1,950 shares of the mining company's stock valued at $95,000 after acquiring an additional 1,200 shares during the period. Comprehensive Money Management Services LLC acquired a new stake in BHP Group in the 4th quarter valued at approximately $302,000. Palogic Value Management L.P. raised its position in BHP Group by 0.5% in the fourth quarter. Palogic Value Management L.P. now owns 82,496 shares of the mining company's stock valued at $4,028,000 after purchasing an additional 396 shares during the period. PKO Investment Management Joint Stock Co acquired a new position in BHP Group during the fourth quarter worth $4,068,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of BHP Group by 114.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 72,559 shares of the mining company's stock worth $3,543,000 after buying an additional 38,692 shares during the period. Institutional investors and hedge funds own 3.79% of the company's stock.

BHP Group Stock Up 0.4%

Shares of NYSE:BHP opened at $53.50 on Thursday. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The firm's 50 day moving average price is $53.67 and its 200 day moving average price is $50.28. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. The stock has a market cap of $135.77 billion, a price-to-earnings ratio of 12.16 and a beta of 0.81.

BHP Group Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 5th will be paid a dividend of $1.185 per share. The ex-dividend date 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 441.0%. BHP Group's payout ratio is presently 53.86%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BHP. Argus downgraded BHP Group from a "buy" rating to a "hold" rating in a report on Friday, June 13th. BMO Capital Markets cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a research report on Sunday, July 27th. Citigroup reissued a "neutral" rating on shares of BHP Group in a research note on Wednesday, August 20th. Macquarie downgraded shares of BHP Group from an "outperform" rating to a "neutral" rating in a research note on Friday, July 18th. Finally, Berenberg Bank reissued a "sell" rating and issued a $44.00 price target on shares of BHP Group in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $48.50.

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.

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