Heron Bay Capital Management Grows Holdings in BHP Group Limited (NYSE:BHP)

Heron Bay Capital Management grew its stake in shares of BHP Group Limited (NYSE:BHP) by 9.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,338 shares of the mining company’s stock after buying an additional 606 shares during the quarter. Heron Bay Capital Management’s holdings in BHP Group were worth $419,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BHP. Wellington Management Group LLP raised its position in BHP Group by 46.6% during the fourth quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company’s stock valued at $299,847,000 after purchasing an additional 1,395,940 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of BHP Group by 2.9% during the 4th 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 in the last quarter. CIBC Private Wealth Group LLC lifted its position in BHP Group by 80.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 942,001 shares of the mining company’s stock worth $64,348,000 after buying an additional 420,550 shares during the last quarter. Cullen Capital Management LLC purchased a new stake in BHP Group in the fourth quarter worth approximately $19,294,000. Finally, Capital International Investors grew its position in BHP Group by 42.4% during the first quarter. Capital International Investors now owns 757,231 shares of the mining company’s stock valued at $43,685,000 after acquiring an additional 225,428 shares during the last quarter. 3.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

BHP Group Trading Down 2.5 %

BHP opened at $53.79 on Friday. BHP Group Limited has a one year low of $50.90 and a one year high of $69.11. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The business has a 50 day simple moving average of $54.15 and a two-hundred day simple moving average of $56.63. The firm has a market capitalization of $136.25 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 3.41 and a beta of 0.96.

BHP Group Increases Dividend

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

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