Fisher Asset Management LLC Buys 307,397 Shares of BHP Group Limited Sponsored ADR $BHP

Fisher Asset Management LLC increased its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,149,649 shares of the mining company’s stock after purchasing an additional 307,397 shares during the period. Fisher Asset Management LLC owned approximately 0.91% of BHP Group worth $1,290,593,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in BHP Group by 18.3% during the 3rd quarter. American Century Companies Inc. now owns 920,304 shares of the mining company’s stock valued at $51,307,000 after buying an additional 142,060 shares during the last quarter. Townsend & Associates Inc boosted its stake in shares of BHP Group by 2.9% in the 3rd quarter. Townsend & Associates Inc now owns 617,773 shares of the mining company’s stock worth $34,342,000 after buying an additional 17,198 shares during the last quarter. Willis Investment Counsel grew its holdings in shares of BHP Group by 10.4% in the third quarter. Willis Investment Counsel now owns 504,207 shares of the mining company’s stock worth $28,110,000 after acquiring an additional 47,591 shares during the period. Gabelli Funds LLC increased its position in BHP Group by 9.9% during the second quarter. Gabelli Funds LLC now owns 443,400 shares of the mining company’s stock valued at $21,323,000 after acquiring an additional 39,800 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in BHP Group by 119.3% in the second quarter. Ameriprise Financial Inc. now owns 424,361 shares of the mining company’s stock valued at $20,408,000 after acquiring an additional 230,848 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

BHP has been the subject of a number of recent research reports. Argus upgraded BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Tuesday, December 30th. Citigroup reissued a “neutral” rating on shares of BHP Group in a report on Tuesday, February 10th. Zacks Research upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BHP Group in a report on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $56.00.

BHP Group Stock Up 0.6%

BHP Group stock opened at $81.54 on Monday. BHP Group Limited Sponsored ADR has a 12-month low of $39.73 and a 12-month high of $82.34. The firm has a 50 day moving average of $68.43 and a 200 day moving average of $60.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28.

BHP Group Dividend Announcement

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

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.