BHP Group Limited (NYSE:BHP) Stake Lifted by Capital Wealth Planning LLC

Capital Wealth Planning LLC increased its stake in BHP Group Limited (NYSE:BHP) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,056 shares of the mining company’s stock after acquiring an additional 1,136 shares during the period. Capital Wealth Planning LLC’s holdings in BHP Group were worth $686,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. XY Capital Ltd lifted its stake in BHP Group by 503.6% during the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after purchasing an additional 768,972 shares during the last quarter. Wellington Management Group LLP lifted its stake in BHP Group by 13.0% during the third quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock valued at $348,041,000 after purchasing an additional 642,765 shares during the last quarter. Fisher Asset Management LLC lifted its stake in BHP Group by 3.0% during the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock valued at $1,362,996,000 after purchasing an additional 633,290 shares during the last quarter. Chartwell Investment Partners LLC acquired a new stake in BHP Group during the third quarter valued at approximately $9,830,000. Finally, ABC Arbitrage SA acquired a new stake in BHP Group during the fourth quarter valued at approximately $7,655,000. 3.79% of the stock is currently owned by institutional investors.

BHP Group Trading Down 1.9 %

BHP Group stock opened at $48.43 on Friday. The company has a 50 day moving average price of $49.80 and a 200 day moving average price of $53.02. BHP Group Limited has a 52 week low of $48.06 and a 52 week high of $63.21. 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 firm has a market capitalization of $122.79 billion, a price-to-earnings ratio of 11.01 and a beta of 0.95.

BHP Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be paid a $1.00 dividend. This represents a yield of 4.8%. The ex-dividend date of this dividend is Friday, March 7th. BHP Group’s dividend payout ratio is 44.77%.

Analyst Ratings Changes

Several analysts recently commented on BHP shares. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Jefferies Financial Group cut their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the 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.