Nuveen LLC Purchases New Shares in BHP Group Limited Sponsored ADR $BHP

Nuveen LLC acquired a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 22,768 shares of the mining company's stock, valued at approximately $1,105,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. NBT Bank N A NY lifted its stake in shares of BHP Group by 10.1% during the first quarter. NBT Bank N A NY now owns 2,353 shares of the mining company's stock worth $114,000 after buying an additional 216 shares during the period. Wedmont Private Capital lifted its stake in shares of BHP Group by 4.2% during the first quarter. Wedmont Private Capital now owns 6,788 shares of the mining company's stock worth $307,000 after buying an additional 276 shares during the period. Gleason Group Inc. lifted its stake in shares of BHP Group by 2.0% during the first quarter. Gleason Group Inc. now owns 14,435 shares of the mining company's stock worth $701,000 after buying an additional 280 shares during the period. Essex Savings Bank lifted its stake in shares of BHP Group by 3.8% during the first quarter. Essex Savings Bank now owns 7,764 shares of the mining company's stock worth $377,000 after buying an additional 281 shares during the period. Finally, Arkadios Wealth Advisors lifted its stake in shares of BHP Group by 2.5% during the first quarter. Arkadios Wealth Advisors now owns 12,260 shares of the mining company's stock worth $595,000 after buying an additional 301 shares during the period. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Macquarie downgraded shares of BHP Group from an "outperform" rating to a "neutral" rating in a research note on Friday, July 18th. Argus lowered shares of BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Sanford C. Bernstein lowered shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Berenberg Bank reiterated a "sell" rating and issued a $44.00 price objective on shares of BHP Group in a research note on Thursday, July 24th. Finally, BMO Capital Markets lowered shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Sunday, July 27th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, BHP Group currently has a consensus rating of "Hold" and a consensus target price of $48.50.

BHP Group Stock Performance

Shares of BHP traded down $1.13 during trading hours on Friday, hitting $54.42. The stock had a trading volume of 3,269,889 shares, compared to its average volume of 2,551,148. 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 firm has a 50-day moving average price of $52.84 and a 200 day moving average price of $49.98. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The firm has a market capitalization of $138.00 billion, a price-to-earnings ratio of 12.37 and a beta of 0.81.

BHP Group Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, September 25th. Investors 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 441.0%. This is an increase from BHP Group's previous semi-annual dividend of $1.00. BHP Group's dividend payout ratio (DPR) is presently 44.77%.

About BHP Group

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.