D.A. Davidson & CO. reduced its stake in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 14.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,974 shares of the mining company's stock after selling 6,377 shares during the quarter. D.A. Davidson & CO.'s holdings in BHP Group were worth $1,892,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. WFA Asset Management Corp bought a new stake in BHP Group in the first quarter worth approximately $26,000. Alpine Bank Wealth Management bought a new stake in BHP Group in the first quarter worth approximately $27,000. Compagnie Lombard Odier SCmA bought a new stake in BHP Group in the first quarter worth approximately $32,000. Allianz SE bought a new stake in BHP Group in the fourth quarter worth approximately $51,000. Finally, Headlands Technologies LLC bought a new stake in BHP Group in the fourth quarter worth approximately $53,000. 3.79% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on BHP. Sanford C. Bernstein downgraded BHP Group from an "outperform" rating to a "market perform" rating in a report 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 equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.00.
Check Out Our Latest Stock Report on BHP
BHP Group Stock Down 0.1%
Shares of NYSE:BHP traded down $0.03 during trading on Tuesday, reaching $49.36. 5,582,373 shares of the stock were exchanged, compared to its average volume of 2,946,674. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $63.21. The stock has a fifty day moving average of $49.06 and a two-hundred day moving average of $48.88. The firm has a market cap of $125.17 billion, a price-to-earnings ratio of 11.22 and a beta of 0.80.
BHP Group Profile
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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.
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