BHP Group Limited (NYSE:BHP) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its stake in BHP Group Limited (NYSE:BHP) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,515,420 shares of the mining company’s stock after selling 88,204 shares during the quarter. Wellington Management Group LLP owned approximately 0.22% of BHP Group worth $269,318,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in BHP Group during the 4th quarter worth approximately $25,878,000. Norges Bank acquired a new stake in shares of BHP Group in the fourth quarter worth approximately $20,574,000. Fisher Asset Management LLC increased 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 purchasing an additional 280,258 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new position in BHP Group in the 4th quarter valued at $9,323,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in BHP Group in the 4th quarter valued at $8,795,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

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

BHP Group Trading Up 0.4 %

Shares of BHP opened at $48.75 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $49.95 and a 200 day moving average price of $52.39. BHP Group Limited has a 12-month low of $47.30 and a 12-month high of $63.21. The firm has a market capitalization of $123.62 billion, a P/E ratio of 11.08 and a beta of 0.90.

BHP Group Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 7th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group’s dividend payout ratio is currently 44.77%.

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.