BHP Group Limited (NYSE:BHP) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in BHP Group Limited (NYSE:BHP - Free Report) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,079 shares of the mining company's stock after selling 5,339 shares during the quarter. Commonwealth Equity Services LLC's holdings in BHP Group were worth $6,108,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BHP. Fisher Asset Management LLC grew its stake in BHP Group by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company's stock valued at $1,085,253,000 after purchasing an additional 280,258 shares during the last quarter. Wellington Management Group LLP grew its position in shares of BHP Group by 13.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company's stock worth $348,041,000 after buying an additional 642,765 shares during the last quarter. FMR LLC grew its position in shares of BHP Group by 10.0% in the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company's stock worth $89,092,000 after buying an additional 129,908 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of BHP Group by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock worth $37,271,000 after acquiring an additional 55,095 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in BHP Group during the fourth quarter valued at approximately $25,878,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

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BHP Group Price Performance

Shares of BHP stock traded up $0.19 on Wednesday, reaching $49.84. 2,667,212 shares of the company were exchanged, compared to its average volume of 2,412,065. The business has a 50-day moving average price of $50.03 and a 200 day moving average price of $52.51. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21. The company has a market cap of $126.37 billion, a price-to-earnings ratio of 11.33 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 Cuts Dividend

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

Analyst Upgrades and Downgrades

BHP has been the topic of a number of research analyst reports. 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 target price on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Finally, Clarkson Capital upgraded shares of BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. 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 stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus 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.