Capital International Investors Has $32.58 Million Holdings in BHP Group Limited (NYSE:BHP)

Capital International Investors lessened its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 12.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 667,937 shares of the mining company's stock after selling 93,792 shares during the period. Capital International Investors' holdings in BHP Group were worth $32,582,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BHP. Barclays PLC lifted its stake in shares of BHP Group by 93.7% in the third quarter. Barclays PLC now owns 226,083 shares of the mining company's stock valued at $14,042,000 after buying an additional 109,337 shares during the period. JPMorgan Chase & Co. raised its stake in shares of 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 purchasing an additional 55,095 shares in the last quarter. Range Financial Group LLC bought a new position in BHP Group in the fourth quarter worth $1,301,000. FNY Investment Advisers LLC acquired a new stake in BHP Group during the fourth quarter valued at approximately $2,130,000. Finally, Fifth Third Wealth Advisors LLC acquired a new position in shares of BHP Group in the 4th quarter worth approximately $249,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Price Performance

NYSE BHP traded up $0.91 on Thursday, hitting $49.29. 2,547,133 shares of the company were exchanged, compared to its average volume of 2,531,578. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The company has a market cap of $124.99 billion, a P/E ratio of 11.20 and a beta of 0.85. BHP Group Limited has a 1-year low of $39.73 and a 1-year high of $63.21. The firm has a 50 day moving average of $48.18 and a two-hundred day moving average of $50.90.

BHP Group Cuts Dividend

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

Analysts Set New Price Targets

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