Evergreen Capital Management LLC Sells 4,871 Shares of BHP Group Limited Sponsored ADR $BHP

Key Points

• Evergreen Capital Management LLC has reduced its holdings in BHP Group by 26.9%, now owning 13,238 shares after selling 4,871 shares during the first quarter.
• BHP Group announced an increase in its semi-annual dividend to $1.185 per share, payable on September 25th, up from the previous $1.00.
• Wall Street analysts hold a mixed outlook on BHP Group, with a consensus rating of "Hold" and a price target of $48.50.

Evergreen Capital Management LLC lessened its position in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 26.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,238 shares of the mining company's stock after selling 4,871 shares during the quarter. Evergreen Capital Management LLC's holdings in BHP Group were worth $643,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BHP. WFA Asset Management Corp acquired a new position in shares of BHP Group during the 1st quarter worth about $26,000. Costello Asset Management INC acquired a new position in shares of BHP Group during the 1st quarter worth about $26,000. Alpine Bank Wealth Management acquired a new position in shares of BHP Group during the 1st quarter worth about $27,000. Compagnie Lombard Odier SCmA acquired a new position in shares of BHP Group during the 1st quarter worth about $32,000. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of BHP Group during the 4th quarter worth about $74,000. Institutional investors own 3.79% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BHP shares. Macquarie cut BHP Group from an "outperform" rating to a "neutral" rating in a research report on Friday, July 18th. Sanford C. Bernstein cut BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Berenberg Bank restated a "sell" rating and set a $44.00 price objective on shares of BHP Group in a report on Thursday, July 24th. Argus downgraded shares of BHP Group from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Finally, Citigroup restated a "neutral" rating on shares of BHP Group in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $48.50.

BHP Group Price Performance

NYSE BHP traded up $0.07 on Friday, reaching $54.42. The company's stock had a trading volume of 3,267,333 shares, compared to its average volume of 2,964,647. BHP Group Limited Sponsored ADR has a 52 week low of $39.73 and a 52 week high of $63.21. The firm has a market cap of $138.00 billion, a PE ratio of 12.37 and a beta of 0.81. The business has a 50-day moving average price of $52.73 and a 200 day moving average price of $49.97. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43.

BHP Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 5th will be paid a $1.185 dividend. The ex-dividend date is Friday, September 5th. This represents a dividend yield of 442.0%. This is an increase from BHP Group's previous semi-annual dividend of $1.00. BHP Group's dividend payout ratio 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.