BHP Group Limited (NYSE:BHP) Shares Sold by Fiduciary Trust Co

Fiduciary Trust Co cut its holdings in shares of BHP Group Limited (NYSE:BHP) by 8.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,022 shares of the mining company’s stock after selling 1,654 shares during the period. Fiduciary Trust Co’s holdings in BHP Group were worth $831,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC boosted its position in shares of BHP Group by 93.7% during the third quarter. Barclays PLC now owns 226,083 shares of the mining company’s stock worth $14,042,000 after buying an additional 109,337 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of BHP Group during the fourth quarter worth approximately $2,130,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of BHP Group during the fourth quarter worth approximately $249,000. Ballentine Partners LLC boosted its position in shares of BHP Group by 85.3% during the fourth quarter. Ballentine Partners LLC now owns 13,815 shares of the mining company’s stock worth $675,000 after buying an additional 6,359 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of BHP Group by 46.9% during the fourth quarter. Blue Trust Inc. now owns 22,469 shares of the mining company’s stock worth $1,097,000 after buying an additional 7,174 shares during the period. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BHP has been the subject of several analyst reports. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $53.00.

BHP Group Stock Performance

BHP opened at $48.67 on Monday. The company has a market capitalization of $123.42 billion, a price-to-earnings ratio of 11.06 and a beta of 0.86. 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 Limited has a 1-year low of $39.73 and a 1-year high of $63.21. The business has a 50 day moving average price of $47.68 and a two-hundred day moving average price of $50.03.

BHP Group Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 7th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a yield of 4.8%. BHP Group’s dividend payout ratio (DPR) is 44.77%.

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.