53,476 Shares in BHP Group Limited (NYSE:BHP) Purchased by Callan Family Office LLC

Callan Family Office LLC acquired a new position in BHP Group Limited (NYSE:BHP - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 53,476 shares of the mining company's stock, valued at approximately $2,611,000.

Several other hedge funds have also modified their holdings of the company. Barclays PLC increased its holdings in BHP Group by 93.7% in the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company's stock worth $14,042,000 after acquiring an additional 109,337 shares in the last quarter. FMR LLC grew its position in shares of BHP Group by 10.0% in the third quarter. FMR LLC now owns 1,434,417 shares of the mining company's stock valued at $89,092,000 after purchasing an additional 129,908 shares during the period. JPMorgan Chase & Co. increased its stake in shares of BHP Group by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock worth $37,271,000 after purchasing an additional 55,095 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of BHP Group by 17.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company's stock worth $9,513,000 after purchasing an additional 22,677 shares during the last quarter. Finally, XY Capital Ltd lifted its stake in BHP Group by 503.6% in the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company's stock valued at $57,245,000 after buying an additional 768,972 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. StockNews.com lowered BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th. Jefferies Financial Group dropped their price target 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, Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, BHP Group currently has an average rating of "Buy" and an average price target of $53.00.

BHP Group Price Performance

Shares of BHP Group stock traded up $0.20 on Tuesday, hitting $49.81. 3,564,885 shares of the company were exchanged, compared to its average volume of 2,416,027. BHP Group Limited has a 1-year low of $48.06 and a 1-year high of $63.21. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $126.29 billion, a price-to-earnings ratio of 11.32 and a beta of 0.90. The company has a 50-day moving average price of $49.88 and a 200 day moving average price of $52.86.

BHP Group Cuts Dividend

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

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.