Malaga Cove Capital LLC Has $722,000 Holdings in BHP Group Limited (NYSE:BHP)

Malaga Cove Capital LLC grew its position in BHP Group Limited (NYSE:BHP) by 54.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,790 shares of the mining company’s stock after purchasing an additional 5,193 shares during the quarter. Malaga Cove Capital LLC’s holdings in BHP Group were worth $722,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in BHP. Sierra Ocean LLC acquired a new position in BHP Group in the 4th quarter valued at $29,000. Union Bancaire Privee UBP SA bought a new stake in shares of BHP Group in the fourth quarter valued at about $46,000. Allianz SE acquired a new position in shares of BHP Group in the fourth quarter valued at about $51,000. Headlands Technologies LLC bought a new position in BHP Group during the fourth quarter worth about $53,000. Finally, Newbridge Financial Services Group Inc. bought a new position in BHP Group during the fourth quarter worth about $54,000. Institutional investors own 3.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on BHP shares. Clarkson Capital raised shares of BHP Group to a “strong-buy” rating in a report on Friday, February 28th. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, BHP Group currently has a consensus rating of “Buy” and an average price target of $53.00.

BHP Group Stock Up 1.8%

Shares of NYSE BHP opened at $50.82 on Wednesday. The stock has a market capitalization of $128.87 billion, a P/E ratio of 11.55 and a beta of 0.86. The stock’s fifty day moving average is $47.67 and its 200 day moving average is $49.99. BHP Group Limited has a 52 week low of $39.73 and a 52 week high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70.

BHP Group Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 7th were issued a $1.00 dividend. This represents a yield of 4.8%. The ex-dividend date was Friday, March 7th. 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.