Jeppson Wealth Management LLC reduced its stake in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 28.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,532 shares of the mining company's stock after selling 6,625 shares during the period. Jeppson Wealth Management LLC's holdings in BHP Group were worth $795,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Sowell Financial Services LLC bought a new stake in BHP Group during the 1st quarter worth approximately $280,000. Allspring Global Investments Holdings LLC grew its position in BHP Group by 5.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,647 shares of the mining company's stock worth $654,000 after acquiring an additional 764 shares during the last quarter. Deutsche Bank AG grew its position in BHP Group by 160.0% during the 4th quarter. Deutsche Bank AG now owns 1,950 shares of the mining company's stock worth $95,000 after acquiring an additional 1,200 shares during the last quarter. GAMMA Investing LLC grew its position in BHP Group by 81.4% during the 1st quarter. GAMMA Investing LLC now owns 2,899 shares of the mining company's stock worth $141,000 after acquiring an additional 1,301 shares during the last quarter. Finally, Ridgewood Investments LLC grew its position in BHP Group by 93.7% during the 2nd quarter. Ridgewood Investments LLC now owns 17,062 shares of the mining company's stock worth $821,000 after acquiring an additional 8,252 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors.
BHP Group Stock Up 0.4%
NYSE:BHP opened at $53.50 on Thursday. The stock's fifty day moving average price is $53.67 and its two-hundred day moving average price is $50.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. The company has a market cap of $135.77 billion, a price-to-earnings ratio of 12.16 and a beta of 0.81. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $63.21.
BHP Group Increases Dividend
The business also recently declared 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. This is an increase from BHP Group's previous semi-annual dividend of $1.00. The ex-dividend date of this dividend is Friday, September 5th. This represents a dividend yield of 441.0%. BHP Group's dividend payout ratio (DPR) is currently 53.86%.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. Macquarie lowered BHP Group from an "outperform" rating to a "neutral" rating in a research report on Friday, July 18th. BMO Capital Markets lowered BHP Group from an "outperform" rating to a "market perform" rating in a research report on Sunday, July 27th. Argus downgraded BHP Group from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Berenberg Bank reaffirmed a "sell" rating and set a $44.00 price objective on shares of BHP Group in a report on Thursday, July 24th. Finally, Citigroup reaffirmed 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 assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $48.50.
Get Our Latest Analysis on BHP Group
BHP Group Company Profile
(
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.
See Also
Want to see what other hedge funds are holding BHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report).
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