Bridgewater Associates LP Has $1.52 Million Stock Position in BHP Group Limited (NYSE:BHP)

Bridgewater Associates LP lowered its holdings in BHP Group Limited (NYSE:BHP - Free Report) by 35.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,030 shares of the mining company's stock after selling 16,950 shares during the quarter. Bridgewater Associates LP's holdings in BHP Group were worth $1,515,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BHP. Sierra Ocean LLC bought a new stake in shares of BHP Group in the 4th quarter worth approximately $29,000. Versant Capital Management Inc bought a new stake in shares of BHP Group in the 4th quarter worth approximately $40,000. Union Bancaire Privee UBP SA bought a new stake in shares of BHP Group in the 4th quarter worth approximately $46,000. Allianz SE bought a new stake in shares of BHP Group in the 4th quarter worth approximately $51,000. Finally, Headlands Technologies LLC bought a new stake in shares of BHP Group in the 4th quarter worth approximately $53,000. Institutional investors own 3.79% of the company's stock.

BHP Group Trading Up 1.7 %

BHP stock traded up $0.83 during midday trading on Thursday, reaching $49.21. The stock had a trading volume of 923,712 shares, compared to its average volume of 2,523,391. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group Limited has a twelve month low of $39.73 and a twelve month high of $63.21. The firm has a market cap of $124.78 billion, a price-to-earnings ratio of 11.15 and a beta of 0.85. The business has a fifty day simple moving average of $48.18 and a two-hundred day simple moving average of $50.90.

BHP Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 7th were given a dividend of $1.00 per share. The ex-dividend date was Friday, March 7th. This represents a yield of 4.8%. BHP Group's payout ratio is presently 44.77%.

Analyst Ratings Changes

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

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.