One Wealth Advisors LLC Makes New Investment in BHP Group Limited Sponsored ADR (NYSE:BHP)

One Wealth Advisors LLC acquired a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,122 shares of the mining company's stock, valued at approximately $394,000.

A number of other large investors also recently modified their holdings of the business. Cadence Wealth Management LLC raised its stake in BHP Group by 32.4% in the 1st quarter. Cadence Wealth Management LLC now owns 14,005 shares of the mining company's stock valued at $680,000 after acquiring an additional 3,430 shares during the period. AE Wealth Management LLC increased its position in shares of BHP Group by 14.9% in the first quarter. AE Wealth Management LLC now owns 8,559 shares of the mining company's stock worth $415,000 after purchasing an additional 1,113 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its stake in BHP Group by 0.5% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 164,047 shares of the mining company's stock valued at $7,963,000 after buying an additional 741 shares in the last quarter. Choreo LLC raised its stake in BHP Group by 16.1% during the first quarter. Choreo LLC now owns 34,319 shares of the mining company's stock worth $1,666,000 after acquiring an additional 4,755 shares in the last quarter. Finally, Garner Asset Management Corp acquired a new position in BHP Group during the first quarter worth about $467,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Price Performance

Shares of NYSE BHP traded down $0.91 during trading hours on Friday, reaching $53.17. 3,186,639 shares of the stock traded hands, compared to its average volume of 3,558,894. The company has a market capitalization of $134.83 billion, a P/E ratio of 12.08 and a beta of 0.80. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $63.21. The company's 50-day simple moving average is $49.92 and its two-hundred day simple moving average is $49.19.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BHP shares. Argus cut BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Berenberg Bank reiterated a "sell" rating and set a $44.00 price target on shares of BHP Group in a report on Thursday. Sanford C. Bernstein downgraded BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Finally, Macquarie downgraded BHP Group from an "outperform" rating to a "neutral" rating in a research note on Friday, July 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $48.50.

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.