CWA Asset Management Group LLC Invests $517,000 in BHP Group Limited Sponsored ADR (NYSE:BHP)

CWA Asset Management Group LLC acquired a new stake in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,651 shares of the mining company's stock, valued at approximately $517,000.

Other hedge funds have also recently made changes to their positions in the company. Sowell Financial Services LLC purchased a new position in BHP Group in the 1st quarter worth approximately $280,000. Deutsche Bank AG lifted its holdings in shares of BHP Group by 160.0% in the fourth quarter. Deutsche Bank AG now owns 1,950 shares of the mining company's stock worth $95,000 after buying an additional 1,200 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of BHP Group by 15.4% in the fourth quarter. Principal Securities Inc. now owns 7,809 shares of the mining company's stock worth $381,000 after buying an additional 1,043 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of BHP Group by 15.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,382 shares of the mining company's stock worth $702,000 after acquiring an additional 1,959 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in BHP Group by 3.4% during the fourth quarter. Rhumbline Advisers now owns 18,846 shares of the mining company's stock valued at $920,000 after acquiring an additional 628 shares in the last quarter. Institutional investors own 3.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BHP. Sanford C. Bernstein cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Finally, Argus cut BHP Group from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Three investment 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's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $53.00.

BHP Group Price Performance

BHP Group stock traded up $0.47 during mid-day trading on Tuesday, reaching $47.30. 3,067,051 shares of the company's stock traded hands, compared to its average volume of 2,583,704. 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 market cap of $119.94 billion, a price-to-earnings ratio of 10.75 and a beta of 0.82. The stock has a 50 day moving average of $48.76 and a two-hundred day moving average of $49.06. 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 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.