IHT Wealth Management LLC Decreases Stake in BHP Group Limited (NYSE:BHP)

IHT Wealth Management LLC lowered its stake in BHP Group Limited (NYSE:BHP - Free Report) by 34.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,968 shares of the mining company's stock after selling 5,733 shares during the quarter. IHT Wealth Management LLC's holdings in BHP Group were worth $536,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC grew its position in shares of BHP Group by 93.7% during the third quarter. Barclays PLC now owns 226,083 shares of the mining company's stock valued at $14,042,000 after purchasing an additional 109,337 shares in the last quarter. JPMorgan Chase & Co. increased its stake in BHP Group by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock worth $37,271,000 after acquiring an additional 55,095 shares during the last quarter. Range Financial Group LLC bought a new position in shares of BHP Group during the 4th quarter valued at approximately $1,301,000. FNY Investment Advisers LLC purchased a new stake in BHP Group during the 4th quarter valued at $2,130,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in BHP Group during the fourth quarter valued at $249,000. 3.79% of the stock is owned by institutional investors.

BHP Group Price Performance

Shares of BHP Group stock traded down $0.09 during mid-day trading on Thursday, reaching $47.46. 1,377,178 shares of the stock traded hands, compared to its average volume of 2,516,895. The business has a 50-day moving average of $47.85 and a 200 day moving average of $50.53. BHP Group Limited has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $120.35 billion, a PE ratio of 10.80 and a beta of 0.85.

BHP Group Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 7th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a yield of 4.8%. BHP Group's dividend payout ratio (DPR) is presently 44.77%.

Analyst Upgrades and Downgrades

BHP has been the topic of a number of recent analyst reports. Jefferies Financial Group reduced their target price on BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock in a research note on Monday, January 6th. StockNews.com lowered BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target 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.