Shrier Wealth Management LLC Makes New $2.63 Million Investment in BHP Group Limited Sponsored ADR $BHP

Shrier Wealth Management LLC bought a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) during the 4th quarter, HoldingsChannel reports. The fund bought 43,558 shares of the mining company’s stock, valued at approximately $2,630,000. BHP Group accounts for about 1.0% of Shrier Wealth Management LLC’s investment portfolio, making the stock its 27th biggest holding.

Other large investors have also made changes to their positions in the company. Financial Management Professionals Inc. increased its holdings in shares of BHP Group by 3.0% in the third quarter. Financial Management Professionals Inc. now owns 6,418 shares of the mining company’s stock valued at $358,000 after purchasing an additional 185 shares during the last quarter. TT Capital Management LLC boosted its stake in BHP Group by 3.5% during the second quarter. TT Capital Management LLC now owns 5,617 shares of the mining company’s stock worth $270,000 after buying an additional 190 shares during the last quarter. Naviter Wealth LLC boosted its stake in BHP Group by 0.4% during the third quarter. Naviter Wealth LLC now owns 50,715 shares of the mining company’s stock worth $2,827,000 after buying an additional 191 shares during the last quarter. Highline Wealth Partners LLC grew its holdings in BHP Group by 1.9% in the 3rd quarter. Highline Wealth Partners LLC now owns 10,387 shares of the mining company’s stock valued at $579,000 after buying an additional 195 shares in the last quarter. Finally, Sivia Capital Partners LLC increased its stake in shares of BHP Group by 4.9% in the 3rd quarter. Sivia Capital Partners LLC now owns 4,486 shares of the mining company’s stock worth $250,000 after acquiring an additional 209 shares during the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Trading Up 5.2%

NYSE:BHP opened at $72.63 on Wednesday. BHP Group Limited Sponsored ADR has a 52 week low of $39.73 and a 52 week high of $83.21. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. The stock’s fifty day moving average is $72.36 and its two-hundred day moving average is $62.75.

BHP Group Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 6th were given a dividend of $1.46 per share. This represents a dividend yield of 399.0%. The ex-dividend date of this dividend was Friday, March 6th.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Argus upgraded BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Tuesday, December 30th. Sanford C. Bernstein dropped their price objective on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a report on Monday, March 9th. Zacks Research cut shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BHP Group in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $53.33.

BHP Group 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.