Moran Wealth Management LLC Has $5.97 Million Stock Holdings in BHP Group Limited Sponsored ADR (NYSE:BHP)

Moran Wealth Management LLC decreased its stake in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 42.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,037 shares of the mining company's stock after selling 89,970 shares during the period. Moran Wealth Management LLC's holdings in BHP Group were worth $5,972,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Fisher Asset Management LLC grew its stake in shares of BHP Group by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company's stock worth $1,085,253,000 after acquiring an additional 280,258 shares during the last quarter. Northern Trust Corp grew its stake in shares of BHP Group by 58.5% in the fourth quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock worth $112,043,000 after acquiring an additional 846,963 shares during the last quarter. Marshall Wace LLP grew its stake in shares of BHP Group by 16.9% in the fourth quarter. Marshall Wace LLP now owns 710,003 shares of the mining company's stock worth $34,669,000 after acquiring an additional 102,433 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in BHP Group by 1,898.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company's stock worth $34,543,000 after buying an additional 672,016 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in BHP Group by 9.7% during the fourth quarter. American Century Companies Inc. now owns 642,756 shares of the mining company's stock worth $31,386,000 after buying an additional 57,097 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company's stock.

BHP Group Stock Performance

BHP traded up $0.33 during trading on Friday, reaching $48.67. 3,050,632 shares of the company's stock were exchanged, compared to its average volume of 2,608,509. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average price of $48.88 and a 200 day moving average price of $48.93. The company has a market capitalization of $123.40 billion, a P/E ratio of 11.06 and a beta of 0.82.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Clarkson Capital upgraded shares of BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. Sanford C. Bernstein downgraded shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Finally, Argus downgraded shares of BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, BHP Group presently has a consensus rating of "Moderate Buy" and an average target price of $53.00.

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.