Violich Capital Management Inc. Decreases Stake in BHP Group Limited Sponsored ADR (NYSE:BHP)

Violich Capital Management Inc. trimmed its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 2.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 210,493 shares of the mining company's stock after selling 5,100 shares during the period. BHP Group comprises 1.4% of Violich Capital Management Inc.'s holdings, making the stock its 20th biggest holding. Violich Capital Management Inc.'s holdings in BHP Group were worth $10,217,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BHP. WFA Asset Management Corp bought a new position in BHP Group in the 1st quarter worth about $26,000. Alpine Bank Wealth Management bought a new position in BHP Group in the 1st quarter worth about $27,000. Compagnie Lombard Odier SCmA bought a new position in BHP Group in the 1st quarter worth about $32,000. Allianz SE bought a new position in BHP Group in the 4th quarter worth about $51,000. Finally, Headlands Technologies LLC bought a new position in BHP Group in the 4th quarter worth about $53,000. 3.79% of the stock is currently owned by institutional investors.

BHP Group Stock Down 2.9%

NYSE:BHP traded down $1.52 during midday trading on Tuesday, reaching $50.41. 3,863,300 shares of the stock traded hands, compared to its average volume of 2,706,004. BHP Group Limited Sponsored ADR has a 12-month low of $39.73 and a 12-month high of $63.21. The business has a 50-day moving average of $49.32 and a two-hundred day moving average of $48.94. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The stock has a market capitalization of $127.81 billion, a PE ratio of 11.46 and a beta of 0.80.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BHP. Sanford C. Bernstein cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Argus cut shares of BHP Group from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, BHP Group currently has a consensus rating of "Moderate Buy" and a consensus 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.