Moran Wealth Management LLC Reduces Stock Position in BHP Group Limited Sponsored ADR (NYSE:BHP)

Moran Wealth Management LLC trimmed its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 42.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & 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 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BHP. International Assets Investment Management LLC increased its stake in BHP Group by 7.6% during the first quarter. International Assets Investment Management LLC now owns 8,111 shares of the mining company's stock worth $394,000 after acquiring an additional 573 shares during the last quarter. Uncommon Cents Investing LLC purchased a new stake in shares of BHP Group during the 1st quarter worth about $226,000. Oppenheimer & Co. Inc. increased its position in BHP Group by 9.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 27,124 shares of the mining company's stock worth $1,317,000 after purchasing an additional 2,333 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in BHP Group by 5.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 61,277 shares of the mining company's stock valued at $2,974,000 after buying an additional 3,158 shares during the period. Finally, Comprehensive Money Management Services LLC lifted its position in BHP Group by 12.0% during the first quarter. Comprehensive Money Management Services LLC now owns 6,916 shares of the mining company's stock valued at $336,000 after buying an additional 740 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Stock Up 2.6%

Shares of BHP stock traded up $1.22 on Thursday, hitting $47.96. The stock had a trading volume of 765,344 shares, compared to its average volume of 2,583,315. The stock's 50 day moving average is $48.81 and its 200-day moving average is $49.03. The firm has a market capitalization of $121.62 billion, a price-to-earnings ratio of 10.90 and a beta of 0.82. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70.

Analyst Upgrades and Downgrades

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

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.