Bridgewater Advisors Inc. Invests $254,000 in BHP Group Limited Sponsored ADR (NYSE:BHP)

Bridgewater Advisors Inc. purchased a new stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,223 shares of the mining company's stock, valued at approximately $254,000.

Several other institutional investors and hedge funds have also bought and sold shares of BHP. Sterling Capital Management LLC increased its stake in shares of BHP Group by 1.4% in the fourth quarter. Sterling Capital Management LLC now owns 13,856 shares of the mining company's stock worth $677,000 after acquiring an additional 195 shares during the period. Invesco Ltd. lifted its stake in BHP Group by 1.8% in the fourth quarter. Invesco Ltd. now owns 11,150 shares of the mining company's stock valued at $544,000 after buying an additional 198 shares during the last quarter. NBT Bank N A NY raised its position in BHP Group by 10.1% in the first quarter. NBT Bank N A NY now owns 2,353 shares of the mining company's stock worth $114,000 after acquiring an additional 216 shares in the last quarter. Wedmont Private Capital lifted its holdings in shares of BHP Group by 4.2% during the first quarter. Wedmont Private Capital now owns 6,788 shares of the mining company's stock worth $307,000 after buying an additional 276 shares during the last quarter. Finally, Gleason Group Inc. grew its holdings in shares of BHP Group by 2.0% during the first quarter. Gleason Group Inc. now owns 14,435 shares of the mining company's stock worth $701,000 after purchasing an additional 280 shares during the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Stock Up 1.0%

BHP stock opened at $51.69 on Friday. The firm has a market cap of $131.08 billion, a PE ratio of 11.75 and a beta of 0.80. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group Limited Sponsored ADR has a twelve month low of $39.73 and a twelve month high of $63.21. The business has a 50 day moving average of $49.48 and a 200 day moving average of $48.98.

Analysts Set New Price Targets

BHP has been the subject of a number of research reports. Sanford C. Bernstein lowered shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Argus cut shares of BHP Group from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $53.00.

BHP Group Company 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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