BHP Group Limited Sponsored ADR (NYSE:BHP) Stock Position Increased by Townsend & Associates Inc

Townsend & Associates Inc grew its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 33.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 360,500 shares of the mining company's stock after purchasing an additional 89,845 shares during the period. BHP Group makes up about 1.8% of Townsend & Associates Inc's investment portfolio, making the stock its 20th largest position. Townsend & Associates Inc's holdings in BHP Group were worth $16,904,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in BHP. Sowell Financial Services LLC bought a new stake in shares of BHP Group in the first quarter worth $280,000. Deutsche Bank AG increased its position 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 worth $95,000 after purchasing an additional 1,200 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of BHP Group by 9.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 27,124 shares of the mining company's stock worth $1,317,000 after purchasing an additional 2,333 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of BHP Group by 15.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,382 shares of the mining company's stock valued at $702,000 after purchasing an additional 1,959 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of BHP Group by 0.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 73,080 shares of the mining company's stock worth $3,547,000 after purchasing an additional 521 shares during the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BHP has been the topic of several research reports. Sanford C. Bernstein cut BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Argus cut BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $53.00.

BHP Group Stock Performance

NYSE BHP traded down $0.31 during trading hours on Thursday, reaching $50.42. The company's stock had a trading volume of 4,181,019 shares, compared to its average volume of 2,640,020. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The business has a 50-day simple moving average of $48.97 and a 200 day simple moving average of $48.89. BHP Group Limited Sponsored ADR has a 52 week low of $39.73 and a 52 week high of $63.21. The stock has a market cap of $127.85 billion, a PE ratio of 11.46 and a beta of 0.80.

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.