Garner Asset Management Corp Decreases Stock Position in BHP Group Limited Sponsored ADR $BHP

Garner Asset Management Corp trimmed its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 24.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,295 shares of the mining company’s stock after selling 2,330 shares during the period. Garner Asset Management Corp’s holdings in BHP Group were worth $351,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Costello Asset Management INC acquired a new stake in shares of BHP Group during the first quarter valued at about $26,000. Hilltop National Bank acquired a new position in shares of BHP Group in the second quarter worth about $32,000. NewSquare Capital LLC boosted its holdings in BHP Group by 249.8% in the second quarter. NewSquare Capital LLC now owns 871 shares of the mining company’s stock valued at $42,000 after purchasing an additional 622 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in BHP Group during the 2nd quarter valued at approximately $44,000. Finally, Bell Investment Advisors Inc grew its stake in BHP Group by 1,062.5% during the 2nd quarter. Bell Investment Advisors Inc now owns 1,023 shares of the mining company’s stock valued at $49,000 after purchasing an additional 935 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BHP shares. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a research report on Wednesday, August 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $48.50.

BHP Group Trading Up 2.1%

Shares of BHP opened at $54.82 on Friday. BHP Group Limited Sponsored ADR has a 52 week low of $39.73 and a 52 week high of $58.92. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average of $55.27 and a 200-day moving average of $52.84.

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.