Saturna Capital Corp Sells 16,296 Shares of BHP Group Limited (NYSE:BHP)

Saturna Capital Corp cut its position in shares of BHP Group Limited (NYSE:BHP - Free Report) by 60.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,654 shares of the mining company's stock after selling 16,296 shares during the quarter. Saturna Capital Corp's holdings in BHP Group were worth $662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Montreal Can grew its stake in shares of BHP Group by 532.2% during the 2nd quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company's stock worth $134,442,000 after acquiring an additional 1,981,008 shares in the last quarter. Westwood Global Investments LLC grew its position in BHP Group by 4.4% in the second quarter. Westwood Global Investments LLC now owns 1,220,251 shares of the mining company's stock valued at $69,664,000 after purchasing an additional 51,263 shares in the last quarter. XY Capital Ltd increased its stake in BHP Group by 503.6% in the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company's stock valued at $57,245,000 after buying an additional 768,972 shares during the last quarter. Capital International Investors increased its stake in BHP Group by 42.4% in the 1st quarter. Capital International Investors now owns 757,231 shares of the mining company's stock valued at $43,685,000 after buying an additional 225,428 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in BHP Group by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 549,394 shares of the mining company's stock worth $31,365,000 after buying an additional 31,442 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company's stock.

Wall Street Analyst Weigh In

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

BHP Group Price Performance

BHP Group stock traded down $0.28 during midday trading on Wednesday, reaching $52.32. 3,081,480 shares of the company's stock were exchanged, compared to its average volume of 2,466,124. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The stock's 50-day simple moving average is $56.47 and its 200 day simple moving average is $56.60. BHP Group Limited has a 52 week low of $50.90 and a 52 week high of $69.11.

BHP Group Increases Dividend

The firm also recently declared 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 an increase from BHP Group's previous Semi-Annual dividend of $1.44. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 5.2%.

BHP Group Company 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.