Northwestern Mutual Wealth Management Co. Has $647,000 Stock Position in BHP Group Limited (NYSE:BHP)

Northwestern Mutual Wealth Management Co. decreased its holdings in shares of BHP Group Limited (NYSE:BHP) by 10.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,335 shares of the mining company’s stock after selling 1,329 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in BHP Group were worth $647,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BHP. Asset Dedication LLC grew its stake in BHP Group by 7,516.7% in the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after buying an additional 451 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in BHP Group in the 2nd quarter worth $27,000. Ashton Thomas Private Wealth LLC acquired a new stake in BHP Group in the 2nd quarter worth $27,000. Rise Advisors LLC acquired a new stake in BHP Group in the 1st quarter worth $29,000. Finally, WFA Asset Management Corp bought a new position in BHP Group during the first quarter valued at about $31,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BHP. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Jefferies Financial Group cut shares of BHP Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $72.00 to $68.00 in a research note on Friday. Finally, Argus upgraded shares of BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

BHP Group Trading Up 0.4 %

BHP stock opened at $60.81 on Tuesday. BHP Group Limited has a 1-year low of $50.90 and a 1-year high of $69.11. The firm has a market cap of $154.01 billion, a P/E ratio of 12.51, a P/E/G ratio of 3.52 and a beta of 0.96. The business’s 50 day moving average is $54.98 and its 200-day moving average is $56.86. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38.

BHP Group Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were paid a $1.465 dividend. This is a positive change from BHP Group’s previous Semi-Annual dividend of $1.44. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, September 13th. BHP Group’s dividend payout ratio is currently 60.29%.

BHP Group Company 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.