IHT Wealth Management LLC Boosts Holdings in BHP Group Limited (NYSE:BHP)

IHT Wealth Management LLC raised its stake in shares of BHP Group Limited (NYSE:BHP - Free Report) by 181.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,701 shares of the mining company's stock after acquiring an additional 10,760 shares during the period. IHT Wealth Management LLC's holdings in BHP Group were worth $1,039,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BHP. Asset Dedication LLC boosted its holdings in BHP Group by 7,516.7% during the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company's stock valued at $26,000 after acquiring an additional 451 shares during the period. Eastern Bank acquired a new stake in shares of BHP Group during the third quarter worth about $26,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of BHP Group in the second quarter valued at approximately $27,000. Sound Income Strategies LLC grew 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 valued at $33,000 after purchasing an additional 294 shares in the last quarter. Finally, Addison Advisors LLC increased its stake in BHP Group by 1,187.0% during the 2nd quarter. Addison Advisors LLC now owns 592 shares of the mining company's stock worth $34,000 after buying an additional 546 shares during the period. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on BHP. StockNews.com raised shares of BHP Group from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 26th. Jefferies Financial Group lowered BHP Group from a "buy" rating to a "hold" rating and decreased their target price for the company from $72.00 to $68.00 in a report on Friday, October 4th. Sanford C. Bernstein upgraded BHP Group from a "market perform" rating to an "outperform" rating in a report on Monday, September 16th. Finally, Argus upgraded BHP Group to a "strong-buy" rating in a research note on Thursday, September 19th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $68.00.

BHP Group Price Performance

BHP Group stock traded down $0.79 during midday trading on Friday, reaching $51.40. The company's stock had a trading volume of 1,691,213 shares, compared to its average volume of 2,375,465. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The business has a 50-day simple moving average of $55.88 and a 200-day simple moving average of $56.01. BHP Group Limited has a fifty-two week low of $50.90 and a fifty-two week high of $69.11.

BHP Group 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.