BHP Group Limited (NYSE:BHP) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its stake in shares of BHP Group Limited (NYSE:BHP - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,515,420 shares of the mining company's stock after selling 88,204 shares during the quarter. Wellington Management Group LLP owned 0.22% of BHP Group worth $269,318,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BHP. Fisher Asset Management LLC grew its stake in shares of BHP Group by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company's stock worth $1,085,253,000 after purchasing an additional 280,258 shares during the period. FMR LLC grew its position in BHP Group by 10.0% during the third quarter. FMR LLC now owns 1,434,417 shares of the mining company's stock valued at $89,092,000 after buying an additional 129,908 shares during the period. American Century Companies Inc. increased its holdings in BHP Group by 9.7% in the fourth quarter. American Century Companies Inc. now owns 642,756 shares of the mining company's stock valued at $31,386,000 after buying an additional 57,097 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in BHP Group by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock valued at $37,271,000 after buying an additional 55,095 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of BHP Group in the fourth quarter worth about $25,878,000. 3.79% of the stock is owned by institutional investors and hedge funds.

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BHP Group Stock Down 9.5 %

Shares of BHP traded down $4.41 during mid-day trading on Friday, hitting $42.08. 8,170,403 shares of the company's stock were exchanged, compared to its average volume of 2,461,172. The company has a market cap of $106.69 billion, a price-to-earnings ratio of 9.56 and a beta of 0.90. BHP Group Limited has a fifty-two week low of $41.67 and a fifty-two week high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The stock's 50-day moving average is $49.87 and its 200-day moving average is $52.32.

BHP Group Cuts Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BHP shares. StockNews.com lowered BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th. Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Finally, Jefferies Financial Group decreased their target price on BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $53.00.

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