Cwm LLC Decreases Stock Holdings in BHP Group Limited (NYSE:BHP)

Cwm LLC lessened its stake in BHP Group Limited (NYSE:BHP) by 15.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,513 shares of the mining company’s stock after selling 1,358 shares during the quarter. Cwm LLC’s holdings in BHP Group were worth $467,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in BHP. Bridge Creek Capital Management LLC raised its position in shares of BHP Group by 3.0% during the 3rd quarter. Bridge Creek Capital Management LLC now owns 48,299 shares of the mining company’s stock worth $3,000,000 after purchasing an additional 1,425 shares during the last quarter. Security National Bank lifted its position in shares of BHP Group by 4.3% in the third quarter. Security National Bank now owns 38,141 shares of the mining company’s stock valued at $2,369,000 after acquiring an additional 1,581 shares in the last quarter. Cohen Investment Advisors LLC boosted its stake in shares of BHP Group by 11.9% in the third quarter. Cohen Investment Advisors LLC now owns 51,962 shares of the mining company’s stock worth $3,227,000 after acquiring an additional 5,515 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of BHP Group during the second quarter worth approximately $2,301,000. Finally, Cetera Investment Advisers raised its stake in BHP Group by 2.1% in the 2nd quarter. Cetera Investment Advisers now owns 55,676 shares of the mining company’s stock valued at $3,179,000 after purchasing an additional 1,137 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BHP shares. Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $72.00 to $68.00 in a report on Friday, October 4th. Argus upgraded shares of BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Finally, StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. 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, BHP Group has an average rating of “Moderate Buy” and a consensus price target of $68.00.

BHP Group Stock Performance

BHP Group stock opened at $57.12 on Friday. The firm has a 50 day simple moving average of $55.87 and a 200-day simple moving average of $56.92. The stock has a market cap of $144.68 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 3.95 and a beta of 0.96. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. BHP Group Limited has a 1-year low of $50.90 and a 1-year high of $69.11.

BHP Group Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th were paid a dividend of $1.465 per share. This is a boost from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 5.2%. BHP Group’s dividend payout ratio (DPR) is 62.08%.

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.