King Luther Capital Management Corp Cuts Holdings in BHP Group Limited (NYSE:BHP)

King Luther Capital Management Corp lowered its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 48.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,918 shares of the mining company's stock after selling 6,579 shares during the period. King Luther Capital Management Corp's holdings in BHP Group were worth $338,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BHP. Sierra Ocean LLC purchased a new position in shares of BHP Group during the 4th quarter worth approximately $29,000. Versant Capital Management Inc acquired a new stake in BHP Group during the 4th quarter valued at $40,000. Union Bancaire Privee UBP SA purchased a new position in BHP Group during the fourth quarter worth $46,000. Newbridge Financial Services Group Inc. acquired a new position in shares of BHP Group in the fourth quarter worth $54,000. Finally, Rothschild Investment LLC lifted its position in shares of BHP Group by 119.4% in the fourth quarter. Rothschild Investment LLC now owns 1,301 shares of the mining company's stock valued at $64,000 after acquiring an additional 708 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company's stock.

BHP Group Trading Up 2.1 %

NYSE:BHP traded up $1.06 during mid-day trading on Monday, reaching $50.51. The company's stock had a trading volume of 3,303,647 shares, compared to its average volume of 2,411,520. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. The stock has a market cap of $128.07 billion, a P/E ratio of 11.48 and a beta of 0.90. The company's fifty day simple moving average is $49.89 and its two-hundred day simple moving average is $52.69. BHP Group Limited has a twelve month low of $48.06 and a twelve month high of $63.21.

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BHP Group Cuts Dividend

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

Analyst Ratings Changes

A number of analysts recently commented on BHP shares. Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Jefferies Financial Group lowered their price target on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a report on Monday, January 6th. Finally, StockNews.com downgraded shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th. 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's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $53.00.

BHP Group 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.