BHP Group Limited Sponsored ADR $BHP Shares Bought by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC boosted its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 41.6% in the second quarter, Holdings Channel reports. The fund owned 6,600 shares of the mining company’s stock after purchasing an additional 1,940 shares during the period. Uncommon Cents Investing LLC’s holdings in BHP Group were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. WFA Asset Management Corp acquired a new stake in BHP Group during the 1st quarter worth approximately $26,000. Costello Asset Management INC acquired a new stake in BHP Group during the 1st quarter worth approximately $26,000. Alpine Bank Wealth Management acquired a new stake in BHP Group during the 1st quarter worth approximately $27,000. Compagnie Lombard Odier SCmA acquired a new stake in BHP Group during the 1st quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of BHP Group in the 1st quarter valued at approximately $73,000. 3.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BHP has been the subject of several recent analyst reports. Macquarie cut BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th. BMO Capital Markets cut BHP Group from an “outperform” rating to a “market perform” rating in a report on Sunday, July 27th. Berenberg Bank reissued a “sell” rating and issued a $44.00 price target on shares of BHP Group in a report on Thursday, July 24th. Citigroup reissued a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th. Finally, Argus cut BHP Group from a “buy” rating to a “hold” rating in a report on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, BHP Group currently has a consensus rating of “Hold” and an average price target of $48.50.

BHP Group Price Performance

Shares of NYSE:BHP opened at $54.78 on Monday. The company has a market cap of $139.03 billion, a P/E ratio of 12.45 and a beta of 0.81. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. BHP Group Limited Sponsored ADR has a 52 week low of $39.73 and a 52 week high of $63.21. The business has a fifty day simple moving average of $53.81 and a 200-day simple moving average of $50.38.

BHP Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were issued a $1.185 dividend. This is a positive change from BHP Group’s previous semi-annual dividend of $1.00. The ex-dividend date was Friday, September 5th. This represents a dividend yield of 441.0%. BHP Group’s dividend payout ratio (DPR) is 53.86%.

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.