TD Asset Management Inc Cuts Holdings in BHP Group Limited Sponsored ADR $BHP

TD Asset Management Inc reduced its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 17.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,200 shares of the mining company’s stock after selling 4,387 shares during the quarter. TD Asset Management Inc’s holdings in BHP Group were worth $971,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Prime Capital Investment Advisors LLC raised its position in shares of BHP Group by 3.4% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 5,523 shares of the mining company’s stock worth $266,000 after buying an additional 184 shares during the period. Baader Bank Aktiengesellschaft raised its position in BHP Group by 2.9% in the second quarter. Baader Bank Aktiengesellschaft now owns 10,046 shares of the mining company’s stock valued at $477,000 after purchasing an additional 281 shares during the period. Pinnacle Wealth Planning Services Inc. raised its position in BHP Group by 6.3% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 4,908 shares of the mining company’s stock valued at $238,000 after purchasing an additional 291 shares during the period. Arkadios Wealth Advisors raised its position in BHP Group by 2.5% in the first quarter. Arkadios Wealth Advisors now owns 12,260 shares of the mining company’s stock valued at $595,000 after purchasing an additional 301 shares during the period. Finally, Avidian Wealth Enterprises LLC raised its position in BHP Group by 3.9% in the first quarter. Avidian Wealth Enterprises LLC now owns 8,163 shares of the mining company’s stock valued at $396,000 after purchasing an additional 304 shares during the period. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, October 8th. BMO Capital Markets downgraded BHP Group from an “outperform” rating to a “market perform” rating in a research note on Sunday, July 27th. Citigroup restated a “neutral” rating on shares of BHP Group in a research note on Wednesday, August 20th. Berenberg Bank restated a “sell” rating and set a $44.00 target price on shares of BHP Group in a research note on Thursday, July 24th. Finally, Macquarie downgraded BHP Group from an “outperform” rating to a “neutral” rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $48.50.

BHP Group Price Performance

Shares of NYSE:BHP opened at $55.72 on Thursday. BHP Group Limited Sponsored ADR has a 12 month low of $39.73 and a 12 month high of $58.51. The stock has a market cap of $141.40 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 3.96 and a beta of 0.80. The stock’s 50 day moving average price is $54.92 and its 200 day moving average price is $51.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.11.

BHP Group Increases Dividend

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

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.