Capital International Investors Decreases Stock Position in BHP Group Limited (NYSE:BHP)

Capital International Investors trimmed its holdings in shares of BHP Group Limited (NYSE:BHP) by 12.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 667,937 shares of the mining company’s stock after selling 93,792 shares during the period. Capital International Investors’ holdings in BHP Group were worth $32,582,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Sierra Ocean LLC bought a new position in shares of BHP Group during the fourth quarter valued at $29,000. Versant Capital Management Inc bought a new position in BHP Group during the 4th quarter valued at about $40,000. Union Bancaire Privee UBP SA purchased a new stake in shares of BHP Group during the 4th quarter valued at about $46,000. Allianz SE purchased a new position in shares of BHP Group during the fourth quarter valued at approximately $51,000. Finally, Headlands Technologies LLC purchased a new position in shares of BHP Group during the fourth quarter valued at approximately $53,000. Institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BHP shares. Clarkson Capital raised shares of BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Jefferies Financial Group reduced their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $53.00.

BHP Group Trading Up 2.1 %

NYSE:BHP opened at $46.59 on Monday. BHP Group Limited has a one year low of $39.73 and a one year high of $63.21. The business has a fifty day moving average price of $48.40 and a 200-day moving average price of $51.04. The firm has a market capitalization of $118.14 billion, a price-to-earnings ratio of 10.59 and a beta of 0.85. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 7th were given a dividend of $1.00 per share. The ex-dividend date was Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group’s payout ratio is currently 44.77%.

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.