Whittier Trust Co. Boosts Stock Holdings in BHP Group Limited (NYSE:BHP)

Whittier Trust Co. lifted its holdings in shares of BHP Group Limited (NYSE:BHP) by 24.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,533 shares of the mining company’s stock after buying an additional 1,894 shares during the quarter. Whittier Trust Co.’s holdings in BHP Group were worth $465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BHP. Fisher Asset Management LLC lifted its position in shares of BHP Group by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock worth $1,085,253,000 after acquiring an additional 280,258 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of BHP Group by 13.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock valued at $348,041,000 after purchasing an additional 642,765 shares during the period. FMR LLC lifted its holdings in BHP Group by 10.0% during the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock worth $89,092,000 after purchasing an additional 129,908 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in BHP Group by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock worth $37,271,000 after purchasing an additional 55,095 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in BHP Group during the 4th quarter valued at about $25,878,000. 3.79% of the stock is owned by institutional investors.

BHP Group Trading Down 0.2 %

Shares of BHP Group stock opened at $49.23 on Friday. The company has a 50 day simple moving average of $50.03 and a two-hundred day simple moving average of $52.54. The firm has a market cap of $124.82 billion, a PE ratio of 11.19 and a beta of 0.90. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21. 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 company also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be paid a $1.00 dividend. The ex-dividend date is Friday, March 7th. This represents a yield of 4.8%. BHP Group’s dividend payout ratio is presently 44.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Clarkson Capital raised shares of BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Finally, Jefferies Financial Group decreased their price target on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Two equities 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $53.00.

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.