HighTower Advisors LLC Sells 41,002 Shares of BHP Group Limited (NYSE:BHP)

HighTower Advisors LLC reduced its stake in BHP Group Limited (NYSE:BHP - Free Report) by 33.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,460 shares of the mining company's stock after selling 41,002 shares during the period. HighTower Advisors LLC's holdings in BHP Group were worth $3,929,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in 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 purchasing an additional 642,765 shares during the period. Fisher Asset Management LLC lifted its stake in 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 worth $1,362,996,000 after purchasing an additional 633,290 shares in the last quarter. Raymond James Financial Inc. bought a new position in BHP Group in the 4th quarter valued at $25,878,000. SPX Gestao de Recursos Ltda purchased a new position in shares of BHP Group during the 4th quarter valued at $9,323,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of BHP Group in the fourth quarter worth $8,795,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Price Performance

NYSE:BHP traded up $0.17 during mid-day trading on Monday, reaching $49.32. The stock had a trading volume of 2,410,740 shares, compared to its average volume of 2,409,807. BHP Group Limited has a one year low of $48.06 and a one year 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. The firm has a 50 day moving average price of $50.03 and a two-hundred day moving average price of $52.55. The stock has a market capitalization of $125.06 billion, a P/E ratio of 11.21 and a beta of 0.90.

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BHP Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

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