BHP Group Limited (NYSE:BHP) Shares Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC boosted its holdings in BHP Group Limited (NYSE:BHP - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 449,667 shares of the mining company's stock after buying an additional 42,021 shares during the quarter. BHP Group accounts for approximately 1.1% of Moran Wealth Management LLC's holdings, making the stock its 14th biggest position. Moran Wealth Management LLC's holdings in BHP Group were worth $30,717,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avantax Advisory Services Inc. grew its holdings in shares of BHP Group by 8.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 18,463 shares of the mining company's stock worth $1,261,000 after acquiring an additional 1,515 shares during the period. Wambolt & Associates LLC increased its position in shares of BHP Group by 12.4% during the 4th quarter. Wambolt & Associates LLC now owns 40,965 shares of the mining company's stock valued at $2,798,000 after purchasing an additional 4,528 shares during the last quarter. Checchi Capital Advisers LLC lifted its stake in shares of BHP Group by 9.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 20,556 shares of the mining company's stock worth $1,404,000 after purchasing an additional 1,744 shares during the period. Ieq Capital LLC boosted its holdings in shares of BHP Group by 35.4% in the fourth quarter. Ieq Capital LLC now owns 9,367 shares of the mining company's stock worth $640,000 after buying an additional 2,449 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in BHP Group by 28.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,640 shares of the mining company's stock valued at $727,000 after buying an additional 2,342 shares during the last quarter. Institutional investors own 3.79% of the company's stock.

BHP Group Price Performance

BHP Group stock traded up $1.60 during mid-day trading on Tuesday, reaching $58.78. 2,545,137 shares of the company's stock traded hands, compared to its average volume of 2,556,714. BHP Group Limited has a 12-month low of $54.28 and a 12-month high of $69.11. The stock has a 50 day moving average of $57.50 and a two-hundred day moving average of $60.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.22.

BHP Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were issued a $1.44 dividend. This represents a dividend yield of 5.2%. The ex-dividend date was Thursday, March 7th.

Analyst Upgrades and Downgrades

BHP has been the subject of several research analyst reports. StockNews.com cut BHP Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 21st. Citigroup upgraded shares of BHP Group from a "neutral" rating to a "buy" rating in a research report on Thursday, March 14th. Finally, Liberum Capital restated a "hold" rating on shares of BHP Group in a research report on Tuesday, March 5th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $50.00.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.