Comprehensive Money Management Services LLC Cuts Stake in BHP Group Limited Sponsored ADR $BHP

Comprehensive Money Management Services LLC lowered its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 14.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,936 shares of the mining company’s stock after selling 980 shares during the period. Comprehensive Money Management Services LLC’s holdings in BHP Group were worth $285,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Wellington Management Group LLP grew its position in shares of BHP Group by 1.2% during the first quarter. Wellington Management Group LLP now owns 5,579,061 shares of the mining company’s stock worth $270,808,000 after purchasing an additional 63,641 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in BHP Group by 43.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company’s stock valued at $240,334,000 after buying an additional 1,490,012 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in BHP Group during the 2nd quarter valued at approximately $68,953,000. Royal Bank of Canada grew its holdings in BHP Group by 2.8% during the 1st quarter. Royal Bank of Canada now owns 1,149,201 shares of the mining company’s stock valued at $55,781,000 after buying an additional 30,980 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in BHP Group by 6.1% during the 1st quarter. American Century Companies Inc. now owns 681,659 shares of the mining company’s stock valued at $33,088,000 after buying an additional 38,903 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of BHP Group stock opened at $53.58 on Friday. BHP Group Limited Sponsored ADR has a one year low of $39.73 and a one year high of $59.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. The stock has a market cap of $135.99 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 3.84 and a beta of 0.80. The stock has a 50 day moving average price of $54.36 and a 200-day moving average price of $50.77.

BHP Group Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were paid a dividend of $1.185 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a dividend yield of 441.0%. This is an increase from BHP Group’s previous semi-annual dividend of $1.00. BHP Group’s dividend payout ratio is 53.86%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BHP shares. Argus cut BHP Group from a “buy” rating to a “hold” rating in a report on Friday, June 13th. Berenberg Bank restated a “sell” rating and set a $44.00 price target on shares of BHP Group in a report on Thursday, July 24th. Macquarie cut BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a report on Wednesday. Finally, Citigroup reiterated a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $48.50.

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.