Pacific Heights Asset Management LLC Has $12.21 Million Stake in BHP Group Limited (NYSE:BHP)

Pacific Heights Asset Management LLC boosted its stake in shares of BHP Group Limited (NYSE:BHP - Free Report) by 56.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 250,000 shares of the mining company's stock after purchasing an additional 90,000 shares during the period. Pacific Heights Asset Management LLC's holdings in BHP Group were worth $12,208,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its holdings in shares of BHP Group by 53.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the mining company's stock valued at $127,000 after buying an additional 700 shares during the last quarter. Stephens Inc. AR raised its position in BHP Group by 21.4% during the third quarter. Stephens Inc. AR now owns 5,341 shares of the mining company's stock worth $332,000 after acquiring an additional 942 shares in the last quarter. Van ECK Associates Corp lifted its stake in BHP Group by 1.6% in the third quarter. Van ECK Associates Corp now owns 93,874 shares of the mining company's stock valued at $5,831,000 after acquiring an additional 1,464 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its position in shares of BHP Group by 4.9% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 140,927 shares of the mining company's stock valued at $8,753,000 after acquiring an additional 6,525 shares during the period. Finally, Confluence Investment Management LLC increased its stake in shares of BHP Group by 11.4% during the 3rd quarter. Confluence Investment Management LLC now owns 8,657 shares of the mining company's stock worth $538,000 after purchasing an additional 885 shares during the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BHP. Jefferies Financial Group cut their target price on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a research note on Monday, January 6th. Clarkson Capital raised BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Finally, StockNews.com downgraded BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, BHP Group currently has an average rating of "Buy" and an average target price of $53.00.

BHP Group Stock Performance

BHP traded up $0.20 on Tuesday, reaching $49.81. The company had a trading volume of 3,564,885 shares, compared to its average volume of 2,416,027. The stock has a market cap of $126.29 billion, a P/E ratio of 11.32 and a beta of 0.90. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week high of $63.21. The company's fifty day moving average is $49.88 and its 200 day moving average is $52.86.

BHP Group Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 7th will be given a $1.00 dividend. This represents a dividend yield of 4.8%. The ex-dividend date is Friday, March 7th. BHP Group's payout ratio is 44.77%.

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.