BHP Group Limited Sponsored ADR $BHP Stock Sold by Red Cedar Investment Management LLC

Red Cedar Investment Management LLC reduced its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 18.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,807 shares of the mining company’s stock after selling 7,841 shares during the period. Red Cedar Investment Management LLC’s holdings in BHP Group were worth $2,953,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Gryphon Financial Partners LLC lifted its holdings in BHP Group by 4.6% in the 3rd quarter. Gryphon Financial Partners LLC now owns 27,766 shares of the mining company’s stock worth $2,356,000 after buying an additional 1,220 shares in the last quarter. AlphaCore Capital LLC grew its stake in shares of BHP Group by 8.9% during the third quarter. AlphaCore Capital LLC now owns 3,551 shares of the mining company’s stock valued at $301,000 after acquiring an additional 290 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of BHP Group by 10.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 32,799 shares of the mining company’s stock valued at $2,788,000 after acquiring an additional 3,229 shares in the last quarter. Almanack Investment Partners LLC. increased its position in shares of BHP Group by 3.0% during the third quarter. Almanack Investment Partners LLC. now owns 6,018 shares of the mining company’s stock worth $511,000 after acquiring an additional 177 shares during the last quarter. Finally, Euro Pacific Asset Management LLC increased its position in shares of BHP Group by 7.5% during the third quarter. Euro Pacific Asset Management LLC now owns 65,496 shares of the mining company’s stock worth $5,344,000 after acquiring an additional 4,589 shares during the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BHP has been the topic of several recent analyst reports. Weiss Ratings upgraded BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th. Zacks Research downgraded BHP Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Citigroup restated a “neutral” rating on shares of BHP Group in a research note on Tuesday, October 13th. Finally, Wall Street Zen downgraded BHP Group from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, BHP Group currently has an average rating of “Hold” and an average target price of $78.00.

BHP Group Trading Up 3.7%

Shares of BHP opened at $82.85 on Tuesday. BHP Group Limited Sponsored ADR has a 52 week low of $52.18 and a 52 week high of $98.71. The company has a current ratio of 1.88, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average of $84.80 and a 200-day moving average of $81.78.

BHP Group Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, September 23rd. Investors of record on Friday, September 4th were paid a dividend of $1.98 per share. The ex-dividend date was Friday, September 4th. This represents a yield of 438.0%.

BHP Group Company Profile

BHP Group is a global resources company with roots in the Broken Hill Proprietary Company, founded in Australia in 1885. The company is headquartered in Melbourne and operates mines and related businesses across several regions.

BHP’s main products include iron ore, copper and metallurgical coal, which are used in steelmaking, construction, manufacturing and other industries. It also has a potash project under development in Canada.

The company’s operations and projects span Australia and the Americas, including activities in Chile, Peru and Brazil.