Dimensional Fund Advisors LP Cuts Stake in BHP Group Limited Sponsored ADR $BHP

Key Points

• Dimensional Fund Advisors LP reduced its stake in BHP Group by 3.0%, owning approximately 3,991,694 shares valued at around $193,767,000 after the sale.
• Other investors have also adjusted their positions, with NBT Bank N A NY increasing its holdings by 10.1% and several firms overall contributing to a combined 3.79% ownership by hedge funds and institutional investors.
• Analysts have shown mixed sentiments on the stock, with one rating it a sell and others issuing hold or neutral ratings, leading to an average target price of $48.50.

Dimensional Fund Advisors LP trimmed its position in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 3.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,991,694 shares of the mining company's stock after selling 122,988 shares during the quarter. Dimensional Fund Advisors LP owned about 0.16% of BHP Group worth $193,767,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BHP. Costello Asset Management INC purchased a new stake in shares of BHP Group in the 1st quarter valued at approximately $26,000. WFA Asset Management Corp purchased a new stake in shares of BHP Group in the 1st quarter valued at approximately $26,000. Alpine Bank Wealth Management purchased a new stake in shares of BHP Group in the 1st quarter valued at approximately $27,000. Compagnie Lombard Odier SCmA purchased a new stake in BHP Group during the 1st quarter worth approximately $32,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in BHP Group during the 4th quarter worth approximately $74,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BHP has been the topic of several recent research reports. Berenberg Bank reaffirmed a "sell" rating and set a $44.00 target price on shares of BHP Group in a research note on Thursday, July 24th. Argus downgraded shares of BHP Group from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Macquarie downgraded shares of BHP Group from an "outperform" rating to a "neutral" rating in a research report on Friday, July 18th. BMO Capital Markets downgraded shares of BHP Group from an "outperform" rating to a "market perform" rating in a research report on Sunday, July 27th. Finally, Citigroup reissued a "neutral" rating on shares of BHP Group in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, BHP Group has a consensus rating of "Hold" and an average target price of $48.50.

BHP Group Stock Up 2.6%

Shares of BHP Group stock traded up $1.4250 during trading hours on Friday, hitting $55.9250. The company had a trading volume of 3,994,711 shares, compared to its average volume of 2,920,826. The company's 50-day moving average is $51.23 and its two-hundred day moving average is $49.67. BHP Group Limited Sponsored ADR has a twelve month low of $39.73 and a twelve month high of $63.21. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.25. The company has a market cap of $141.81 billion, a P/E ratio of 12.71 and a beta of 0.80.

BHP Group Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 5th will be paid a dividend of $1.185 per share. The ex-dividend date is Friday, September 5th. This represents a yield of 410.0%. This is an increase from BHP Group's previous semi-annual dividend of $1.00. BHP Group's dividend payout ratio (DPR) is currently 44.77%.

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.