BHP Group Limited (NYSE:BHP) Shares Sold by MML Investors Services LLC

MML Investors Services LLC reduced its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 30.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,211 shares of the mining company's stock after selling 10,355 shares during the period. MML Investors Services LLC's holdings in BHP Group were worth $1,504,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC grew its position in shares of BHP Group by 3.0% during the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company's stock worth $1,362,996,000 after buying an additional 633,290 shares in the last quarter. Wellington Management Group LLP grew its holdings in BHP Group by 13.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company's stock worth $348,041,000 after acquiring an additional 642,765 shares in the last quarter. Bank of Montreal Can increased its position in shares of BHP Group by 532.2% in the 2nd quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company's stock valued at $134,442,000 after purchasing an additional 1,981,008 shares during the last quarter. FMR LLC raised its holdings 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 valued at $89,092,000 after purchasing an additional 129,908 shares in the last quarter. Finally, Westwood Global Investments LLC lifted its position in shares of BHP Group by 4.4% during the 2nd quarter. Westwood Global Investments LLC now owns 1,220,251 shares of the mining company's stock worth $69,664,000 after purchasing an additional 51,263 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on BHP. Jefferies Financial Group lowered BHP Group from a "buy" rating to a "hold" rating and dropped their target price for the company from $72.00 to $68.00 in a report on Friday, October 4th. Argus upgraded BHP Group to a "strong-buy" rating in a report on Thursday, September 19th. StockNews.com upgraded BHP Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 26th. Finally, Sanford C. Bernstein upgraded shares of BHP Group from a "market perform" rating to an "outperform" rating in a research note on Monday, September 16th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $68.00.

BHP Group Stock Down 0.2 %

BHP opened at $51.00 on Wednesday. BHP Group Limited has a one year low of $50.73 and a one year high of $69.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The stock has a market capitalization of $129.32 billion, a P/E ratio of 11.04 and a beta of 0.95. The business's 50-day simple moving average is $54.46 and its 200-day simple moving average is $55.54.

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.