MML Investors Services LLC Sells 10,355 Shares of BHP Group Limited (NYSE:BHP)

MML Investors Services LLC trimmed its position in BHP Group Limited (NYSE:BHP) by 30.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 24,211 shares of the mining company’s stock after selling 10,355 shares during the quarter. MML Investors Services LLC’s holdings in BHP Group were worth $1,504,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Eastern Bank bought a new stake in shares of BHP Group in the third quarter worth about $26,000. Asset Dedication LLC increased its holdings in shares of BHP Group by 7,516.7% in the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock worth $26,000 after purchasing an additional 451 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of BHP Group in the second quarter worth about $27,000. Sound Income Strategies LLC increased its holdings in shares of BHP Group by 124.6% in the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after purchasing an additional 294 shares during the last quarter. Finally, Addison Advisors LLC increased its holdings in shares of BHP Group by 1,187.0% in the second quarter. Addison Advisors LLC now owns 592 shares of the mining company’s stock worth $34,000 after purchasing an additional 546 shares during the last quarter. 3.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on BHP. Jefferies Financial Group cut BHP Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $72.00 to $68.00 in a report on Friday, October 4th. Argus upgraded BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Finally, Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, BHP Group presently has an average rating of “Moderate Buy” and an average price target of $68.00.

BHP Group Trading Down 0.2 %

Shares of BHP stock opened at $51.00 on Wednesday. The company has a market cap of $129.32 billion, a PE ratio of 11.04 and a beta of 0.95. The stock’s 50 day simple moving average is $54.46 and its two-hundred day simple moving average is $55.54. BHP Group Limited has a 1 year low of $50.73 and a 1 year high of $69.11. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29.

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.