Townsend & Associates Inc increased its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 33.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 360,500 shares of the mining company's stock after buying an additional 89,845 shares during the quarter. BHP Group comprises approximately 1.8% of Townsend & Associates Inc's 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 quarter.
Other large investors have also recently added to or reduced their stakes in the company. Avidian Wealth Enterprises LLC raised its position in BHP Group by 3.9% in the first quarter. Avidian Wealth Enterprises LLC now owns 8,163 shares of the mining company's stock valued at $396,000 after purchasing an additional 304 shares during the period. Naviter Wealth LLC increased its position in shares of BHP Group by 1.0% during the 1st quarter. Naviter Wealth LLC now owns 51,523 shares of the mining company's stock worth $2,521,000 after purchasing an additional 497 shares during the last quarter. Northcape Wealth Management LLC raised its holdings in BHP Group by 7.2% in the 1st quarter. Northcape Wealth Management LLC now owns 43,616 shares of the mining company's stock valued at $2,117,000 after buying an additional 2,932 shares during the period. Cohen Investment Advisors LLC lifted its position in BHP Group by 313.5% in the first quarter. Cohen Investment Advisors LLC now owns 206,531 shares of the mining company's stock valued at $10,025,000 after buying an additional 156,583 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in BHP Group by 1.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 90,361 shares of the mining company's stock worth $4,386,000 after buying an additional 1,627 shares during the period. 3.79% of the stock is currently owned by institutional investors and hedge funds.
BHP Group Stock Performance
Shares of BHP Group stock opened at $48.67 on Monday. The stock has a market capitalization of $123.40 billion, a price-to-earnings ratio of 11.06 and a beta of 0.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. The business has a 50-day moving average of $48.88 and a 200 day moving average of $48.91. BHP Group Limited Sponsored ADR has a 12 month low of $39.73 and a 12 month high of $63.21.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on BHP. Sanford C. Bernstein downgraded shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Argus lowered BHP Group from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, BHP Group has an average rating of "Moderate Buy" and a consensus target price of $53.00.
Check Out Our Latest Research Report on BHP Group
About BHP Group
(
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.
Read More
Want to see what other hedge funds are holding BHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider BHP Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BHP Group wasn't on the list.
While BHP Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
