Hennion & Walsh Asset Management Inc. Has $2.38 Million Position in BHP Group Limited (NYSE:BHP)

Hennion & Walsh Asset Management Inc. cut its stake in shares of BHP Group Limited (NYSE:BHP) by 17.1% in the third quarter, Holdings Channel reports. The fund owned 38,381 shares of the mining company’s stock after selling 7,924 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in BHP Group were worth $2,384,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Asset Dedication LLC increased its position in shares of BHP Group by 7,516.7% during the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock worth $26,000 after purchasing an additional 451 shares in the last quarter. Eastern Bank acquired a new stake in shares of BHP Group during the third quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of BHP Group in the second quarter valued at approximately $27,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of BHP Group in the 2nd quarter worth approximately $27,000. Finally, WFA Asset Management Corp acquired a new position in shares of BHP Group in the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Argus raised BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Finally, Jefferies Financial Group cut shares of BHP Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $72.00 to $68.00 in a research report on Friday, October 4th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, BHP Group has an average rating of “Moderate Buy” and an average target price of $68.00.

BHP Group Stock Up 0.5 %

Shares of BHP opened at $56.44 on Friday. The business’s fifty day moving average price is $56.13 and its two-hundred day moving average price is $56.87. The firm has a market capitalization of $142.96 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 3.95 and a beta of 0.96. BHP Group Limited has a 52 week low of $50.90 and a 52 week high of $69.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70.

BHP Group Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were issued a $1.465 dividend. This is a boost from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 5.2%. BHP Group’s dividend payout ratio (DPR) is currently 62.08%.

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.