Highland Capital Management LLC Sells 550 Shares of BHP Group Limited Sponsored ADR $BHP

Highland Capital Management LLC lessened its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,113 shares of the mining company’s stock after selling 550 shares during the period. Highland Capital Management LLC’s holdings in BHP Group were worth $1,063,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. WFA Asset Management Corp bought a new stake in shares of BHP Group in the 1st quarter valued at $26,000. Costello Asset Management INC bought a new position in BHP Group during the first quarter worth about $26,000. Alpine Bank Wealth Management acquired a new position in BHP Group in the first quarter valued at about $27,000. Compagnie Lombard Odier SCmA bought a new stake in shares of BHP Group in the first quarter worth about $32,000. Finally, Hilltop National Bank bought a new stake in shares of BHP Group in the second quarter worth about $32,000. 3.79% of the stock is owned by institutional investors.

BHP Group Price Performance

NYSE:BHP opened at $55.43 on Monday. The stock has a market capitalization of $140.68 billion, a PE ratio of 12.60, a P/E/G ratio of 3.92 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 $61.03. The firm has a fifty day simple moving average of $53.97 and a 200 day simple moving average of $50.58. 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 firm also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were given a $1.185 dividend. The ex-dividend date of this dividend was Friday, September 5th. This is a positive change from BHP Group’s previous semi-annual dividend of $1.00. This represents a dividend yield of 441.0%. BHP Group’s payout ratio is 53.86%.

Analysts Set New Price Targets

BHP has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a report on Saturday, September 27th. Argus lowered shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Macquarie downgraded shares of BHP Group from an “outperform” rating to a “neutral” rating in a research report on Friday, July 18th. BMO Capital Markets cut shares of BHP Group from an “outperform” rating to a “market perform” rating in a research report on Sunday, July 27th. Finally, Berenberg Bank reiterated a “sell” rating and set a $44.00 target price on shares of BHP Group in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $48.50.

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.