Arkadios Wealth Advisors Grows Stock Position in BHP Group Limited Sponsored ADR $BHP

Arkadios Wealth Advisors increased its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 97.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,165 shares of the mining company’s stock after buying an additional 11,905 shares during the quarter. Arkadios Wealth Advisors’ holdings in BHP Group were worth $1,162,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. lifted its holdings in shares of BHP Group by 43.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company’s stock worth $240,334,000 after acquiring an additional 1,490,012 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in BHP Group in the 2nd quarter worth about $68,953,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in BHP Group by 3,599.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,935 shares of the mining company’s stock worth $12,666,000 after purchasing an additional 253,881 shares during the last quarter. Townsend & Associates Inc lifted its stake in BHP Group by 66.6% in the second quarter. Townsend & Associates Inc now owns 600,575 shares of the mining company’s stock worth $31,921,000 after purchasing an additional 240,075 shares during the last quarter. Finally, Citigroup Inc. boosted its position in shares of BHP Group by 94.9% during the first quarter. Citigroup Inc. now owns 422,239 shares of the mining company’s stock valued at $20,495,000 after buying an additional 205,591 shares during the period. Institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of BHP Group stock opened at $57.06 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average is $55.27 and its two-hundred day moving average is $51.97. BHP Group Limited Sponsored ADR has a 1 year low of $39.73 and a 1 year high of $58.92.

BHP Group (NYSE:BHP) last announced its quarterly earnings results on Monday, August 18th. The mining company reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.09). The firm had revenue of $26.23 billion for the quarter, compared to analysts’ expectations of $26.04 billion. As a group, sell-side analysts anticipate that BHP Group Limited Sponsored ADR will post 4.03 EPS for the current fiscal year.

BHP Group Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were issued a $1.185 dividend. The ex-dividend date was Friday, September 5th. This represents a dividend yield of 441.0%. This is a boost from BHP Group’s previous semi-annual dividend of $1.00.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Citigroup reiterated a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, October 8th. BMO Capital Markets downgraded BHP Group from an “outperform” rating to a “market perform” rating in a research report on Sunday, July 27th. Berenberg Bank restated a “sell” rating and issued a $44.00 price target on shares of BHP Group in a report on Thursday, July 24th. Finally, Macquarie downgraded shares of BHP Group from an “outperform” rating to a “neutral” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $48.50.

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.