Wealth Enhancement Advisory Services LLC Acquires 14,700 Shares of BHP Group Limited (NYSE:BHP)

Wealth Enhancement Advisory Services LLC increased its holdings in BHP Group Limited (NYSE:BHP - Free Report) by 76.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,867 shares of the mining company's stock after buying an additional 14,700 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in BHP Group were worth $2,104,000 at the end of the most recent reporting period.

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

BHP Group Stock Performance

BHP traded up $0.48 during trading on Friday, reaching $55.94. 1,492,956 shares of the stock traded hands, compared to its average volume of 1,984,237. BHP Group Limited has a fifty-two week low of $50.90 and a fifty-two week high of $69.11. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The stock's 50-day simple moving average is $56.38 and its two-hundred day simple moving average is $56.73.

BHP Group Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. StockNews.com upgraded BHP Group from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, August 28th. Argus upgraded BHP Group to a "strong-buy" rating in a research report on Thursday, September 19th. Sanford C. Bernstein upgraded BHP Group from a "market perform" rating to an "outperform" rating in a research report on Monday, September 16th. Finally, Jefferies Financial Group lowered BHP Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $72.00 to $68.00 in a report on Friday, October 4th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, BHP Group has a consensus rating of "Moderate Buy" and an average price target of $68.00.

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.