BHP Group Limited Sponsored ADR $BHP Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. trimmed its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 83.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,696 shares of the mining company’s stock after selling 18,501 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in BHP Group were worth $206,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BHP. Caldwell Trust Co acquired a new stake in shares of BHP Group in the second quarter valued at about $31,000. Salomon & Ludwin LLC increased its stake in shares of BHP Group by 3,040.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 691 shares of the mining company’s stock worth $38,000 after acquiring an additional 669 shares during the last quarter. NewSquare Capital LLC grew its holdings in shares of BHP Group by 249.8% in the second quarter. NewSquare Capital LLC now owns 871 shares of the mining company’s stock valued at $42,000 after purchasing an additional 622 shares during the period. True Wealth Design LLC increased its holdings in shares of BHP Group by 229.7% during the 3rd quarter. True Wealth Design LLC now owns 755 shares of the mining company’s stock worth $42,000 after buying an additional 526 shares during the last quarter. Finally, AlphaCore Capital LLC acquired a new stake in BHP Group in the 2nd quarter valued at approximately $44,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BHP shares. Zacks Research raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BHP Group in a research note on Wednesday, February 18th. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a research report on Tuesday, February 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, January 21st. Finally, Argus raised BHP Group from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Tuesday, December 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $56.00.

BHP Group Stock Performance

BHP stock opened at $81.54 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. BHP Group Limited Sponsored ADR has a 1 year low of $39.73 and a 1 year high of $82.34. The stock’s 50 day moving average price is $68.43 and its 200 day moving average price is $60.10.

BHP Group Announces Dividend

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

BHP Group Company Profile

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.