Fusion Capital LLC Reduces Stock Position in BHP Group Limited (NYSE:BHP)

Fusion Capital LLC cut its holdings in BHP Group Limited (NYSE:BHP - Free Report) by 17.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 91,716 shares of the mining company's stock after selling 18,809 shares during the quarter. BHP Group accounts for 1.8% of Fusion Capital LLC's investment portfolio, making the stock its 21st largest holding. Fusion Capital LLC's holdings in BHP Group were worth $4,478,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Fisher Asset Management LLC grew its stake in shares of BHP Group by 3.0% in the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company's stock valued at $1,362,996,000 after buying an additional 633,290 shares during the period. Wellington Management Group LLP grew its stake in BHP Group by 13.0% in 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 period. FMR LLC increased its holdings in shares of 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 acquiring an additional 129,908 shares in the last quarter. XY Capital Ltd raised its position in shares of BHP Group by 503.6% during the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company's stock worth $57,245,000 after purchasing an additional 768,972 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of BHP Group by 10.1% in the 3rd 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. 3.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several 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. Jefferies Financial Group decreased their price target on BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, BHP Group currently has a consensus rating of "Moderate Buy" and an average target price of $53.00.

BHP Group Price Performance

NYSE BHP traded up $0.38 during trading hours on Monday, hitting $48.86. The company had a trading volume of 3,507,777 shares, compared to its average volume of 2,392,633. The firm has a 50 day simple moving average of $49.80 and a 200 day simple moving average of $53.03. The firm has a market capitalization of $123.90 billion, a price-to-earnings ratio of 11.10 and a beta of 0.95. BHP Group Limited has a 52 week low of $48.06 and a 52 week high of $63.21. 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. Stockholders of record on Friday, March 7th will be paid 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 (DPR) is currently 44.77%.

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.