Commonwealth Equity Services LLC Sells 5,339 Shares of BHP Group Limited (NYSE:BHP)

Commonwealth Equity Services LLC reduced its holdings in shares of BHP Group Limited (NYSE:BHP) by 4.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,079 shares of the mining company’s stock after selling 5,339 shares during the quarter. Commonwealth Equity Services LLC’s holdings in BHP Group were worth $6,108,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC grew its stake in shares of BHP Group by 93.7% during the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company’s stock worth $14,042,000 after acquiring an additional 109,337 shares in the last quarter. FMR LLC boosted its holdings in shares of BHP Group by 10.0% in the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock valued at $89,092,000 after buying an additional 129,908 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of BHP Group by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after buying an additional 55,095 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of BHP Group by 17.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company’s stock valued at $9,513,000 after buying an additional 22,677 shares during the last quarter. Finally, Range Financial Group LLC acquired a new stake in shares of BHP Group in the 4th quarter valued at approximately $1,301,000. 3.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Jefferies Financial Group cut 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. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Clarkson Capital raised BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $53.00.

BHP Group Trading Down 0.2 %

Shares of BHP Group stock opened at $49.23 on Friday. The business has a fifty day simple moving average of $50.03 and a two-hundred day simple moving average of $52.54. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21. The company has a market capitalization of $124.82 billion, a price-to-earnings ratio of 11.19 and a beta of 0.90. 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 firm also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be issued a dividend of $1.00 per share. This represents a yield of 4.8%. The ex-dividend date of this dividend is Friday, March 7th. BHP Group’s dividend payout ratio is 44.77%.

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.