Ridgewood Investments LLC Grows Position in BHP Group Limited Sponsored ADR $BHP

Key Points

• Ridgewood Investments LLC increased its holdings in BHP Group by 93.7%, owning 17,062 shares worth $821,000 after acquiring an additional 8,252 shares in the second quarter.
• BHP Group declared a semi-annual dividend of $1.185 per share, reflecting a positive increase from the previous dividend of $1.00 and a dividend yield of 441.0%.
• Wall Street analysts have a mixed outlook on BHP Group, with an average rating of "Hold" and an average target price of $48.50, while some firms have recently downgraded the stock's rating.

Ridgewood Investments LLC raised its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 93.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,062 shares of the mining company's stock after acquiring an additional 8,252 shares during the quarter. Ridgewood Investments LLC's holdings in BHP Group were worth $821,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. NBT Bank N A NY boosted its holdings in 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 in the last quarter. Wedmont Private Capital boosted its stake in shares of BHP Group by 4.2% during the 1st quarter. Wedmont Private Capital now owns 6,788 shares of the mining company's stock worth $307,000 after acquiring an additional 276 shares in the last quarter. Gleason Group Inc. grew its holdings in shares of BHP Group by 2.0% in the 1st quarter. Gleason Group Inc. now owns 14,435 shares of the mining company's stock worth $701,000 after acquiring an additional 280 shares during the period. Essex Savings Bank increased its stake in BHP Group by 3.8% in the 1st quarter. Essex Savings Bank now owns 7,764 shares of the mining company's stock valued at $377,000 after purchasing an additional 281 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft raised its stake in shares of BHP Group by 2.9% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 10,046 shares of the mining company's stock worth $477,000 after buying an additional 281 shares during the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Price Performance

BHP opened at $52.09 on Monday. BHP Group Limited Sponsored ADR has a twelve month low of $39.73 and a twelve month high of $63.21. The firm has a market cap of $132.20 billion, a price-to-earnings ratio of 11.84 and a beta of 0.81. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $53.54 and a 200 day simple moving average of $50.21.

BHP Group Increases Dividend

The firm also recently declared 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. This represents a dividend yield of 441.0%. This is a positive change from BHP Group's previous semi-annual dividend of $1.00. The ex-dividend date is Friday, September 5th. BHP Group's payout ratio is presently 53.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. BMO Capital Markets cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a research report on Sunday, July 27th. Berenberg Bank reaffirmed a "sell" rating and issued a $44.00 target price on shares of BHP Group in a research note on Thursday, July 24th. Macquarie cut BHP Group from an "outperform" rating to a "neutral" rating in a report on Friday, July 18th. Citigroup reissued a "neutral" rating on shares of BHP Group in a research note on Wednesday, August 20th. Finally, Argus cut shares of BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, BHP Group has an average rating of "Hold" and an average target price of $48.50.

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.

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