Johnson Investment Counsel Inc. Decreases Stock Position in BHP Group Limited Sponsored ADR $BHP

Johnson Investment Counsel Inc. trimmed its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 52.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,980 shares of the mining company’s stock after selling 8,771 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in BHP Group were worth $445,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Caldwell Trust Co acquired a new stake in BHP Group during the 2nd quarter worth $31,000. Salomon & Ludwin LLC lifted its stake in shares of BHP Group by 3,040.9% in the third quarter. Salomon & Ludwin LLC now owns 691 shares of the mining company’s stock worth $38,000 after buying an additional 669 shares in the last quarter. NewSquare Capital LLC lifted its stake in shares of BHP Group by 249.8% in the second quarter. NewSquare Capital LLC now owns 871 shares of the mining company’s stock worth $42,000 after buying an additional 622 shares in the last quarter. True Wealth Design LLC grew its stake in BHP Group by 229.7% during the 3rd quarter. True Wealth Design LLC now owns 755 shares of the mining company’s stock valued at $42,000 after acquiring an additional 526 shares in the last quarter. Finally, AlphaCore Capital LLC purchased a new stake in BHP Group during the 2nd quarter valued at about $44,000. 3.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BHP has been the topic of a number of research reports. Argus raised shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Tuesday, December 30th. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, January 21st. Finally, Zacks Research raised BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $56.00.

BHP Group Price Performance

Shares of BHP Group stock opened at $73.45 on Friday. The stock has a 50 day moving average of $64.78 and a 200 day moving average of $58.26. 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 Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $75.14.

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.