NewEdge Advisors LLC Sells 23,584 Shares of BHP Group Limited (NYSE:BHP)

NewEdge Advisors LLC reduced its stake in shares of BHP Group Limited (NYSE:BHP - Free Report) by 35.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,899 shares of the mining company's stock after selling 23,584 shares during the quarter. NewEdge Advisors LLC's holdings in BHP Group were worth $2,095,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BHP. Sterling Capital Management LLC increased its position in shares of BHP Group by 1.4% during the 4th quarter. Sterling Capital Management LLC now owns 13,856 shares of the mining company's stock worth $677,000 after purchasing an additional 195 shares in the last quarter. Invesco Ltd. increased its holdings in shares of BHP Group by 1.8% during the fourth quarter. Invesco Ltd. now owns 11,150 shares of the mining company's stock worth $544,000 after buying an additional 198 shares in the last quarter. Kovack Advisors Inc. raised its stake in shares of BHP Group by 5.2% in the fourth quarter. Kovack Advisors Inc. now owns 4,353 shares of the mining company's stock valued at $213,000 after acquiring an additional 215 shares during the last quarter. Essex Savings Bank boosted its holdings in shares of BHP Group by 3.0% in the 4th quarter. Essex Savings Bank now owns 7,483 shares of the mining company's stock worth $365,000 after acquiring an additional 219 shares in the last quarter. Finally, Passumpsic Savings Bank grew its position in BHP Group by 7.1% during the 4th quarter. Passumpsic Savings Bank now owns 4,873 shares of the mining company's stock worth $238,000 after acquiring an additional 325 shares during the last quarter. 3.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Clarkson Capital raised BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. Jefferies Financial Group decreased their price objective on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock 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 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 company's stock. According to MarketBeat.com, BHP Group presently has a consensus rating of "Buy" and a consensus price target of $53.00.

BHP Group Price Performance

BHP Group stock opened at $47.60 on Wednesday. The business's 50-day simple moving average is $48.24 and its 200 day simple moving average is $50.92. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The stock has a market cap of $120.70 billion, a price-to-earnings ratio of 10.82 and a beta of 0.85. BHP Group Limited has a 12-month low of $39.73 and a 12-month high of $63.21.

BHP Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 7th were paid a $1.00 dividend. This represents a dividend yield of 4.8%. The ex-dividend date was Friday, March 7th. BHP Group's dividend payout ratio (DPR) is presently 44.77%.

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.

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