BHP Group Limited (NYSE:BHP) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC lowered its stake in shares of BHP Group Limited (NYSE:BHP - Free Report) by 40.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,433 shares of the mining company's stock after selling 31,501 shares during the quarter. NewEdge Wealth LLC's holdings in BHP Group were worth $2,219,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Huntington National Bank lifted its holdings in BHP Group by 17.5% in the 3rd quarter. Huntington National Bank now owns 1,365 shares of the mining company's stock worth $85,000 after buying an additional 203 shares in the last quarter. Essex Savings Bank lifted its stake in shares of BHP Group by 3.0% in the fourth 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. First Horizon Advisors Inc. boosted its holdings in BHP Group by 4.6% in the third quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company's stock valued at $373,000 after purchasing an additional 263 shares during the last quarter. Passumpsic Savings Bank grew its stake in BHP Group by 7.1% during the 4th quarter. Passumpsic Savings Bank now owns 4,873 shares of the mining company's stock valued at $238,000 after purchasing an additional 325 shares in the last quarter. Finally, Gleason Group Inc. grew its stake in BHP Group by 2.4% during the 4th quarter. Gleason Group Inc. now owns 14,155 shares of the mining company's stock valued at $691,000 after purchasing an additional 333 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company's stock.

BHP Group Stock Performance

BHP traded up $0.96 during trading hours on Tuesday, hitting $49.80. 2,090,564 shares of the stock were exchanged, compared to its average volume of 2,391,891. The stock has a market cap of $126.27 billion, a price-to-earnings ratio of 11.32 and a beta of 0.95. The stock has a 50-day simple moving average of $49.79 and a 200-day simple moving average of $53.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21.

BHP Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BHP. Jefferies Financial Group reduced their target price on BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a research note on Monday, January 6th. StockNews.com lowered shares of BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Clarkson Capital upgraded shares of BHP Group to a "strong-buy" rating in a research note on Friday. Three analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.