J.W. Cole Advisors Inc. Boosts Stake in BHP Group Limited (NYSE:BHP)

J.W. Cole Advisors Inc. boosted its stake in BHP Group Limited (NYSE:BHP) by 22.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,736 shares of the mining company’s stock after buying an additional 879 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in BHP Group were worth $324,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Morgan Stanley lifted its stake in BHP Group by 2.8% in the 3rd quarter. Morgan Stanley now owns 4,695,563 shares of the mining company’s stock valued at $267,084,000 after buying an additional 126,643 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of BHP Group by 44.7% during the third quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock worth $170,274,000 after purchasing an additional 924,202 shares during the last quarter. FMR LLC boosted its holdings in shares of BHP Group by 10.6% during the third quarter. FMR LLC now owns 1,223,009 shares of the mining company’s stock worth $69,565,000 after purchasing an additional 117,239 shares during the last quarter. Westwood Global Investments LLC boosted its holdings in shares of BHP Group by 2.1% during the third quarter. Westwood Global Investments LLC now owns 998,872 shares of the mining company’s stock worth $56,816,000 after purchasing an additional 20,412 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of BHP Group by 15.3% during the third quarter. Envestnet Asset Management Inc. now owns 669,915 shares of the mining company’s stock worth $38,105,000 after purchasing an additional 88,907 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

Shares of BHP Group stock opened at $59.23 on Thursday. BHP Group Limited has a twelve month low of $54.28 and a twelve month high of $69.11. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43. The business’s fifty day moving average price is $57.98 and its 200 day moving average price is $60.22.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were given a $1.44 dividend. This represents a yield of 5.2%. The ex-dividend date was Thursday, March 7th.

Wall Street Analyst Weigh In

BHP has been the topic of several analyst reports. StockNews.com cut BHP Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Liberum Capital restated a “hold” rating on shares of BHP Group in a report on Tuesday, March 5th. Finally, Citigroup upgraded BHP Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 14th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.00.

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