Cohen Investment Advisors LLC Has $2.87 Million Holdings in BHP Group Limited Sponsored ADR $BHP

Cohen Investment Advisors LLC raised its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 6.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,668 shares of the mining company’s stock after acquiring an additional 3,554 shares during the quarter. Cohen Investment Advisors LLC’s holdings in BHP Group were worth $2,869,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BHP. Costello Asset Management INC bought a new position in shares of BHP Group in the 1st quarter valued at about $26,000. Alpine Bank Wealth Management bought a new position in shares of BHP Group in the 1st quarter valued at about $27,000. Compagnie Lombard Odier SCmA bought a new position in shares of BHP Group in the 1st quarter valued at about $32,000. Hilltop National Bank bought a new position in shares of BHP Group in the 2nd quarter valued at about $32,000. Finally, Raleigh Capital Management Inc. bought a new position in shares of BHP Group in the 2nd quarter valued at about $58,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Berenberg Bank reaffirmed a “sell” rating and issued a $44.00 target price on shares of BHP Group in a research note on Thursday, July 24th. BMO Capital Markets lowered shares of BHP Group from an “outperform” rating to a “market perform” rating in a research note on Sunday, July 27th. Macquarie lowered shares of BHP Group from an “outperform” rating to a “neutral” rating in a research note on Friday, July 18th. Citigroup reissued a “neutral” rating on shares of BHP Group in a research note on Wednesday, August 20th. Finally, Argus lowered shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, BHP Group has an average rating of “Hold” and an average price target of $48.50.

BHP Group Price Performance

Shares of BHP opened at $56.02 on Thursday. The company has a market cap of $142.18 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 3.78 and a beta of 0.80. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $59.56. The company’s fifty day simple moving average is $54.20 and its 200 day simple moving average is $50.69. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43.

BHP Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were issued a $1.185 dividend. This is an increase from BHP Group’s previous semi-annual dividend of $1.00. This represents a dividend yield of 441.0%. The ex-dividend date was Friday, September 5th. BHP Group’s dividend payout ratio is presently 53.86%.

About BHP Group

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.