Fisher Asset Management LLC Buys 280,258 Shares of BHP Group Limited (NYSE:BHP)

Fisher Asset Management LLC boosted its stake in shares of BHP Group Limited (NYSE:BHP - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,225,134 shares of the mining company's stock after purchasing an additional 280,258 shares during the period. Fisher Asset Management LLC owned about 0.88% of BHP Group worth $1,085,253,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in BHP Group by 13.0% during the third quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company's stock valued at $348,041,000 after acquiring an additional 642,765 shares during the last quarter. FMR LLC increased its holdings 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 last quarter. XY Capital Ltd raised its position in BHP Group by 503.6% in the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company's stock worth $57,245,000 after acquiring an additional 768,972 shares during the period. JPMorgan Chase & Co. boosted 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 during the last quarter. Finally, Moran Wealth Management LLC grew its position in shares of BHP Group by 0.3% during the 3rd quarter. Moran Wealth Management LLC now owns 458,591 shares of the mining company's stock valued at $28,483,000 after acquiring an additional 1,238 shares during the period. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com downgraded BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th. Clarkson Capital raised shares of BHP Group to a "strong-buy" rating in a report on Friday, February 28th. Finally, Jefferies Financial Group decreased their price target on BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.00.

BHP Group Price Performance

Shares of NYSE:BHP traded up $1.54 during mid-day trading on Wednesday, reaching $50.76. The stock had a trading volume of 2,934,111 shares, compared to its average volume of 2,397,884. The company has a market cap of $128.70 billion, a P/E ratio of 11.54 and a beta of 0.95. The business's 50 day moving average price is $49.79 and its 200 day moving average price is $52.97. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21.

BHP Group Cuts Dividend

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

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.