Parsons Capital Management Inc. RI Sells 1,000 Shares of BHP Group Limited (NYSE:BHP)

Parsons Capital Management Inc. RI trimmed its holdings in BHP Group Limited (NYSE:BHP) by 17.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,690 shares of the mining company’s stock after selling 1,000 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in BHP Group were worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. XY Capital Ltd boosted its holdings in shares of BHP Group by 503.6% during 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 in the last quarter. Wellington Management Group LLP boosted 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 worth $348,041,000 after acquiring an additional 642,765 shares in the last quarter. Fisher Asset Management LLC grew its holdings in BHP Group by 3.0% in the third 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. Mediolanum International Funds Ltd bought a new stake in BHP Group in the third quarter valued at $33,458,000. Finally, International Assets Investment Management LLC raised its holdings in shares of BHP Group by 6,281.5% during the third quarter. International Assets Investment Management LLC now owns 444,664 shares of the mining company’s stock valued at $276,180,000 after purchasing an additional 437,696 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

BHP has been the subject of a number of research analyst reports. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 18th. Jefferies Financial Group decreased their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th. Three equities research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.00.

BHP Group Trading Down 2.4 %

Shares of NYSE BHP opened at $48.72 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The firm’s 50-day simple moving average is $50.54 and its 200 day simple moving average is $53.79. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week high of $63.21.

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