Envestnet Portfolio Solutions Inc. Sells 8,189 Shares of BHP Group Limited Sponsored ADR (NYSE:BHP)

Envestnet Portfolio Solutions Inc. cut its stake in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 56.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,193 shares of the mining company's stock after selling 8,189 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in BHP Group were worth $301,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers raised its position 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 purchasing an additional 628 shares in the last quarter. Kovack Advisors Inc. increased its stake in shares of BHP Group by 5.2% in the 4th quarter. Kovack Advisors Inc. now owns 4,353 shares of the mining company's stock valued at $213,000 after purchasing an additional 215 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of BHP Group by 12.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 24,791 shares of the mining company's stock worth $1,211,000 after buying an additional 2,697 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of BHP Group during the 4th quarter worth $452,000. Finally, Capital Wealth Planning LLC lifted its position in shares of BHP Group by 8.8% during the 4th quarter. Capital Wealth Planning LLC now owns 14,056 shares of the mining company's stock worth $686,000 after buying an additional 1,136 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BHP shares. Argus downgraded BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Sanford C. Bernstein cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $53.00.

BHP Group Stock Up 0.7%

Shares of NYSE BHP opened at $48.67 on Monday. The firm has a market cap of $123.40 billion, a PE ratio of 11.06 and a beta of 0.82. The company has a 50 day simple moving average of $48.88 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. BHP Group Limited Sponsored ADR has a 1 year low of $39.73 and a 1 year high of $63.21.

BHP Group 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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