BHP Group Limited (NYSE:BHP) Holdings Raised by Alaethes Wealth LLC

Alaethes Wealth LLC increased its position in shares of BHP Group Limited (NYSE:BHP) by 4.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,752 shares of the mining company’s stock after purchasing an additional 848 shares during the quarter. Alaethes Wealth LLC’s holdings in BHP Group were worth $1,242,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Shorepath Capital Management LLC acquired a new stake in BHP Group in the fourth quarter worth $4,354,000. Addenda Capital Inc. boosted its stake in BHP Group by 27.1% during the 1st quarter. Addenda Capital Inc. now owns 112,562 shares of the mining company’s stock valued at $6,494,000 after purchasing an additional 23,968 shares during the period. Virtu Financial LLC bought a new position in BHP Group in the 1st quarter worth about $1,953,000. Quantbot Technologies LP increased its stake in shares of BHP Group by 104.7% in the first quarter. Quantbot Technologies LP now owns 32,822 shares of the mining company’s stock valued at $1,894,000 after purchasing an additional 16,788 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in shares of BHP Group by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 19,864,440 shares of the mining company’s stock valued at $1,356,940,000 after buying an additional 551,575 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Price Performance

NYSE BHP opened at $53.81 on Friday. BHP Group Limited has a 1 year low of $50.90 and a 1 year high of $69.11. The business’s fifty day moving average is $54.15 and its two-hundred day moving average is $56.63. The stock has a market capitalization of $136.30 billion, a P/E ratio of 10.85, a P/E/G ratio of 3.41 and a beta of 0.96. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70.

BHP Group Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be given a dividend of $1.465 per share. The ex-dividend date of this dividend is Friday, September 13th. This is a positive change from BHP Group’s previous Semi-Annual dividend of $1.44. This represents a dividend yield of 5.2%. BHP Group’s payout ratio is 59.07%.

Analyst Upgrades and Downgrades

BHP has been the subject of a number of recent analyst reports. Citigroup began coverage on BHP Group in a report on Friday, May 31st. They issued a “buy” rating for the company. Barclays reiterated an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Finally, Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.