Highline Wealth Partners LLC Makes New Investment in BHP Group Limited (NYSE:BHP)

Highline Wealth Partners LLC purchased a new stake in BHP Group Limited (NYSE:BHP - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,109 shares of the mining company's stock, valued at approximately $628,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Asset Dedication LLC lifted its holdings in shares of BHP Group by 7,516.7% in the second quarter. Asset Dedication LLC now owns 457 shares of the mining company's stock valued at $26,000 after purchasing an additional 451 shares in the last quarter. Eastern Bank bought a new position in BHP Group during the third quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of BHP Group during the second quarter worth approximately $27,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of BHP Group in the second quarter valued at approximately $27,000. Finally, Sound Income Strategies LLC grew its holdings in BHP Group by 124.6% during the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company's stock worth $33,000 after acquiring an additional 294 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BHP has been the topic of several recent research reports. 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. Argus upgraded shares of BHP Group to a "strong-buy" rating in a research note on Thursday, September 19th. Jefferies Financial Group lowered shares of BHP Group from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $72.00 to $68.00 in a research note on Friday, October 4th. Finally, StockNews.com upgraded BHP Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $68.00.

BHP Group Stock Down 0.8 %

NYSE:BHP traded down $0.46 on Wednesday, hitting $56.68. The stock had a trading volume of 1,097,038 shares, compared to its average volume of 2,461,758. The business's fifty day moving average is $56.32 and its 200 day moving average is $56.78. BHP Group Limited has a 52 week low of $50.90 and a 52 week high of $69.11. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The company has a market cap of $143.57 billion, a PE ratio of 12.10, a P/E/G ratio of 3.95 and a beta of 0.96.

BHP Group Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were issued a $1.465 dividend. The ex-dividend date was Friday, September 13th. This is a positive change from BHP Group's previous Semi-Annual dividend of $1.44. This represents a dividend yield of 5.2%. BHP Group's dividend payout ratio is currently 62.08%.

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.