BHP Group Limited (NYSE:BHP) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 13.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 5,603,624 shares of the mining company's stock after acquiring an additional 642,765 shares during the period. Wellington Management Group LLP owned approximately 0.22% of BHP Group worth $348,041,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Eastern Bank purchased a new stake in BHP Group during the 3rd quarter valued at about $26,000. Asset Dedication LLC grew its position in BHP Group by 7,516.7% during the 2nd 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. Ashton Thomas Private Wealth LLC purchased a new position in shares of BHP Group during the 2nd quarter valued at about $27,000. Sound Income Strategies LLC raised its position in BHP Group by 124.6% during the third 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 in the last quarter. Finally, Addison Advisors LLC increased its holdings in shares of BHP Group by 1,187.0% during the 2nd quarter. Addison Advisors LLC now owns 592 shares of the mining company's stock valued at $34,000 after purchasing an additional 546 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company's stock.

BHP Group Trading Down 1.5 %

Shares of BHP traded down $0.79 during midday trading on Friday, reaching $51.40. The company had a trading volume of 1,691,213 shares, compared to its average volume of 2,375,465. The firm has a 50 day simple moving average of $55.67 and a 200-day simple moving average of $55.90. 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 stock has a market cap of $130.34 billion, a PE ratio of 11.10 and a beta of 0.95. BHP Group Limited has a 1-year low of $50.90 and a 1-year high of $69.11.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BHP shares. StockNews.com raised BHP Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 26th. Sanford C. Bernstein upgraded BHP Group from a "market perform" rating to an "outperform" rating in a research note on Monday, September 16th. Argus raised BHP Group to a "strong-buy" rating in a report on Thursday, September 19th. Finally, Jefferies Financial Group downgraded shares of BHP Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from $72.00 to $68.00 in a research note on Friday, October 4th. Three equities research 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, the stock currently has an average 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.