Fisher Asset Management LLC Increases Holdings in BHP Group Limited Sponsored ADR $BHP

Fisher Asset Management LLC lifted its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 1.3% in the third quarter, HoldingsChannel.com reports. The fund owned 23,149,649 shares of the mining company’s stock after buying an additional 307,397 shares during the quarter. Fisher Asset Management LLC’s holdings in BHP Group were worth $1,290,593,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BHP. Caldwell Trust Co purchased a new position in BHP Group in the 2nd quarter worth approximately $31,000. Salomon & Ludwin LLC raised its position in shares of BHP Group by 3,040.9% during the third quarter. Salomon & Ludwin LLC now owns 691 shares of the mining company’s stock valued at $38,000 after buying an additional 669 shares during the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of BHP Group by 68.9% in the third quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock worth $39,000 after buying an additional 284 shares in the last quarter. NewSquare Capital LLC boosted its position in shares of BHP Group by 249.8% during the second quarter. NewSquare Capital LLC now owns 871 shares of the mining company’s stock worth $42,000 after acquiring an additional 622 shares during the last quarter. Finally, True Wealth Design LLC boosted its position in shares of BHP Group by 229.7% during the third quarter. True Wealth Design LLC now owns 755 shares of the mining company’s stock worth $42,000 after acquiring an additional 526 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BHP shares. Wall Street Zen upgraded shares of BHP Group from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BHP Group in a research report on Wednesday, February 18th. Argus upgraded BHP Group from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Tuesday, December 30th. Citigroup reissued a “neutral” rating on shares of BHP Group in a research note on Tuesday, February 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $56.00.

BHP Group Price Performance

Shares of NYSE BHP opened at $81.54 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. BHP Group Limited Sponsored ADR has a 12-month low of $39.73 and a 12-month high of $82.34. The firm’s 50-day moving average price is $68.43 and its 200-day moving average price is $60.14.

BHP Group Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 6th will be paid a $1.46 dividend. This represents a dividend yield of 399.0%. The ex-dividend date of this dividend is Friday, March 6th.

About BHP Group

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.