D.A. Davidson & CO. cut its stake in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 14.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of BHP. Charles Schwab Investment Management Inc. raised its holdings in BHP Group by 14.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 175,155 shares of the mining company's stock worth $8,553,000 after buying an additional 21,985 shares during the period. M&T Bank Corp raised its holdings in BHP Group by 2.2% during the 4th quarter. M&T Bank Corp now owns 16,251 shares of the mining company's stock worth $794,000 after buying an additional 346 shares during the period. Raymond James Financial Inc. acquired a new stake in BHP Group during the 4th quarter worth approximately $25,878,000. SPX Gestao de Recursos Ltda acquired a new stake in BHP Group during the 4th quarter worth approximately $9,323,000. Finally, Saturna Capital Corp grew its stake in shares of BHP Group by 11.4% during the 4th quarter. Saturna Capital Corp now owns 11,868 shares of the mining company's stock worth $580,000 after acquiring an additional 1,214 shares in the last quarter. 3.79% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages have recently weighed in 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. Argus cut shares of BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Three investment 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. According to data from MarketBeat, BHP Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.00.
Check Out Our Latest Stock Analysis on BHP
BHP Group Stock Up 1.0%
Shares of BHP traded up $0.54 during mid-day trading on Friday, hitting $52.05. 3,349,567 shares of the company's stock were exchanged, compared to its average volume of 2,695,591. The company has a market cap of $131.99 billion, a PE ratio of 11.83 and a beta of 0.80. BHP Group Limited Sponsored ADR has a 52 week low of $39.73 and a 52 week high of $63.21. The company has a 50-day simple moving average of $49.20 and a 200 day simple moving average of $48.91. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25.
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.
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