Venturi Wealth Management LLC Has $309,000 Stock Holdings in BHP Group Limited Sponsored ADR $BHP

Venturi Wealth Management LLC grew its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 47.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,429 shares of the mining company’s stock after buying an additional 2,072 shares during the quarter. Venturi Wealth Management LLC’s holdings in BHP Group were worth $309,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wellington Management Group LLP increased its stake in shares of BHP Group by 1.2% in the first quarter. Wellington Management Group LLP now owns 5,579,061 shares of the mining company’s stock valued at $270,808,000 after buying an additional 63,641 shares in the last quarter. Goldman Sachs Group Inc. increased its position in BHP Group by 43.0% in the first quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company’s stock worth $240,334,000 after purchasing an additional 1,490,012 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in BHP Group during the 2nd quarter worth about $68,953,000. Royal Bank of Canada raised its holdings in BHP Group by 2.8% during the 1st quarter. Royal Bank of Canada now owns 1,149,201 shares of the mining company’s stock worth $55,781,000 after purchasing an additional 30,980 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in BHP Group by 6.1% during the 1st quarter. American Century Companies Inc. now owns 681,659 shares of the mining company’s stock worth $33,088,000 after purchasing an additional 38,903 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Price Performance

BHP Group stock opened at $53.58 on Friday. The firm has a market capitalization of $135.99 billion, a P/E ratio of 12.18, a PEG ratio of 3.84 and a beta of 0.80. BHP Group Limited Sponsored ADR has a 1 year low of $39.73 and a 1 year high of $59.56. The business has a 50-day moving average of $54.36 and a 200-day moving average of $50.77. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43.

BHP Group Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were given a dividend of $1.185 per share. This represents a dividend yield of 441.0%. The ex-dividend date was Friday, September 5th. This is an increase from BHP Group’s previous semi-annual dividend of $1.00. BHP Group’s dividend payout ratio is presently 53.86%.

Analyst Ratings Changes

BHP has been the subject of several recent research reports. Macquarie cut BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a report on Wednesday. BMO Capital Markets cut BHP Group from an “outperform” rating to a “market perform” rating in a report on Sunday, July 27th. Berenberg Bank reissued a “sell” rating and set a $44.00 price objective on shares of BHP Group in a report on Thursday, July 24th. Finally, Citigroup reissued a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $48.50.

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.