Townsend & Associates Inc Grows Stake in BHP Group Limited (NYSE:BHP)

Townsend & Associates Inc lifted its position in BHP Group Limited (NYSE:BHP) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 270,655 shares of the mining company’s stock after buying an additional 9,065 shares during the period. Townsend & Associates Inc’s holdings in BHP Group were worth $13,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of BHP. XY Capital Ltd boosted its stake in shares of BHP Group by 503.6% in the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after buying an additional 768,972 shares during the last quarter. Wellington Management Group LLP raised its holdings in BHP Group by 13.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after purchasing an additional 642,765 shares during the period. Fisher Asset Management LLC raised its holdings in BHP Group by 3.0% in the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock worth $1,362,996,000 after purchasing an additional 633,290 shares during the period. Pathway Financial Advisers LLC raised its holdings in BHP Group by 5,577.6% in the 3rd quarter. Pathway Financial Advisers LLC now owns 263,666 shares of the mining company’s stock worth $16,376,000 after purchasing an additional 259,022 shares during the period. Finally, Chartwell Investment Partners LLC bought a new position in BHP Group in the 3rd quarter worth $9,830,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Stock Down 1.3 %

NYSE:BHP opened at $51.42 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.29. The business’s 50-day simple moving average is $49.80 and its two-hundred day simple moving average is $53.14. BHP Group Limited has a 52 week low of $48.06 and a 52 week high of $63.21.

BHP Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be issued a dividend of $1.00 per share. The ex-dividend date is Friday, March 7th.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Jefferies Financial Group decreased their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.00.

BHP Group Company 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.