BHP Group Limited Sponsored ADR $BHP Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 5.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,324 shares of the mining company’s stock after purchasing an additional 3,425 shares during the quarter. Kestra Advisory Services LLC’s holdings in BHP Group were worth $3,025,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Costello Asset Management INC acquired a new stake in shares of BHP Group during the first quarter worth $26,000. WFA Asset Management Corp acquired a new stake in shares of BHP Group during the first quarter worth $26,000. Alpine Bank Wealth Management acquired a new stake in shares of BHP Group during the first quarter worth $27,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of BHP Group during the first quarter worth $32,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of BHP Group during the fourth quarter worth $74,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BHP shares. Citigroup reiterated a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th. Macquarie cut BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th. Argus cut BHP Group from a “buy” rating to a “hold” rating in a report on Friday, June 13th. Berenberg Bank reiterated a “sell” rating and issued a $44.00 target price on shares of BHP Group in a report on Thursday, July 24th. Finally, Sanford C. Bernstein cut BHP Group from an “outperform” rating to a “market perform” rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $48.50.

BHP Group Trading Up 0.4%

Shares of BHP opened at $55.87 on Thursday. The stock’s 50-day moving average is $51.69 and its two-hundred day moving average is $49.78. The stock has a market cap of $141.68 billion, a PE ratio of 12.70 and a beta of 0.80. BHP Group Limited Sponsored ADR has a 12 month low of $39.73 and a 12 month high of $63.21. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.11.

BHP Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 5th will be paid a dividend of $1.185 per share. This is a boost from BHP Group’s previous semi-annual dividend of $1.00. This represents a dividend yield of 410.0%. The ex-dividend date is Friday, September 5th. BHP Group’s payout ratio is presently 44.77%.

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