Willis Investment Counsel Reduces Stock Holdings in BHP Group Limited (NYSE:BHP)

Willis Investment Counsel reduced its holdings in BHP Group Limited (NYSE:BHP - Free Report) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 403,314 shares of the mining company's stock after selling 9,132 shares during the period. Willis Investment Counsel's holdings in BHP Group were worth $19,694,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Fisher Asset Management LLC boosted its holdings in shares of BHP Group by 3.0% in the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company's stock valued at $1,362,996,000 after acquiring an additional 633,290 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of BHP Group by 13.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company's stock valued at $348,041,000 after purchasing an additional 642,765 shares during the period. FMR LLC lifted its stake in shares of BHP Group by 10.0% in the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company's stock valued at $89,092,000 after purchasing an additional 129,908 shares during the period. XY Capital Ltd lifted its stake in shares of 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 purchasing an additional 768,972 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of BHP Group by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock valued at $37,271,000 after purchasing an additional 55,095 shares during the period. 3.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BHP shares. Jefferies Financial Group decreased their target price on shares of 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 cut shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Friday. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $53.00.

BHP Group Stock Down 1.3 %

NYSE:BHP opened at $49.12 on Monday. The company has a fifty day moving average of $50.28 and a two-hundred day moving average of $53.57. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week high of $63.21.

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.

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