Violich Capital Management Inc. Has $8.84 Million Holdings in BHP Group Limited Sponsored ADR $BHP

Violich Capital Management Inc. cut its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 12.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 183,763 shares of the mining company’s stock after selling 26,730 shares during the period. BHP Group accounts for 1.2% of Violich Capital Management Inc.’s holdings, making the stock its 21st largest position. Violich Capital Management Inc.’s holdings in BHP Group were worth $8,837,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of BHP. Prime Capital Investment Advisors LLC raised its position in shares of BHP Group by 3.4% in the second quarter. Prime Capital Investment Advisors LLC now owns 5,523 shares of the mining company’s stock valued at $266,000 after buying an additional 184 shares in the last quarter. Mutual Advisors LLC raised its position in shares of BHP Group by 4.0% in the second quarter. Mutual Advisors LLC now owns 7,155 shares of the mining company’s stock valued at $380,000 after buying an additional 276 shares in the last quarter. Baader Bank Aktiengesellschaft raised its position in shares of BHP Group by 2.9% in the second quarter. Baader Bank Aktiengesellschaft now owns 10,046 shares of the mining company’s stock valued at $477,000 after buying an additional 281 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its position in shares of BHP Group by 6.3% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 4,908 shares of the mining company’s stock valued at $238,000 after buying an additional 291 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its position in shares of BHP Group by 2.5% in the first quarter. Arkadios Wealth Advisors now owns 12,260 shares of the mining company’s stock valued at $595,000 after buying an additional 301 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BHP shares. Macquarie cut shares of BHP Group from an “outperform” rating to a “neutral” rating in a research note on Friday, July 18th. Citigroup reissued a “neutral” rating on shares of BHP Group in a research note on Wednesday, August 20th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, October 8th. BMO Capital Markets cut shares of BHP Group from an “outperform” rating to a “market perform” rating in a research note on Sunday, July 27th. Finally, Berenberg Bank reiterated a “sell” rating and issued a $44.00 price target on shares of BHP Group in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, BHP Group presently has an average rating of “Hold” and a consensus price target of $48.50.

BHP Group Price Performance

Shares of NYSE BHP opened at $55.57 on Friday. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $58.51. The stock has a market cap of $141.04 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 4.03 and a beta of 0.80. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. The firm’s 50-day simple moving average is $54.79 and its 200 day simple moving average is $51.03.

BHP Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were issued a $1.185 dividend. This is a boost from BHP Group’s previous semi-annual dividend of $1.00. The ex-dividend date of this dividend was Friday, September 5th. This represents a yield of 441.0%. BHP Group’s payout ratio is 53.86%.

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.