BHP Group Limited (NYSE:BHP) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC cut its holdings in BHP Group Limited (NYSE:BHP) by 16.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 94,051 shares of the mining company’s stock after selling 18,750 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in BHP Group were worth $5,842,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BHP. Addenda Capital Inc. increased its stake in BHP Group by 27.1% in the first quarter. Addenda Capital Inc. now owns 112,562 shares of the mining company’s stock valued at $6,494,000 after purchasing an additional 23,968 shares during the last quarter. Virtu Financial LLC purchased a new stake in BHP Group in the first quarter valued at approximately $1,953,000. Quantbot Technologies LP raised its stake in BHP Group by 104.7% during the first quarter. Quantbot Technologies LP now owns 32,822 shares of the mining company’s stock worth $1,894,000 after purchasing an additional 16,788 shares during the period. GSA Capital Partners LLP acquired a new position in shares of BHP Group in the 1st quarter valued at $759,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of BHP Group during the 1st quarter worth $3,765,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Down 1.6 %

Shares of BHP stock traded down $0.88 during trading hours on Wednesday, reaching $55.76. The company had a trading volume of 658,895 shares, compared to its average volume of 2,477,824. The company has a market capitalization of $141.24 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 3.95 and a beta of 0.96. The stock’s fifty day simple moving average is $55.99 and its 200 day simple moving average is $56.88. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group Limited has a twelve month low of $50.90 and a twelve month high of $69.11.

BHP Group Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were paid a $1.465 dividend. This is a boost from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 5.2%. BHP Group’s payout ratio is 62.08%.

Analysts Set New Price Targets

A number of research firms have issued reports on BHP. Argus raised BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Jefferies Financial Group downgraded shares of BHP Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $72.00 to $68.00 in a research report on Friday, October 4th. StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

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.