Kingsview Wealth Management LLC Lowers Position in BHP Group Limited Sponsored ADR $BHP

Kingsview Wealth Management LLC lessened its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 19.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 10,304 shares of the mining company’s stock after selling 2,530 shares during the period. Kingsview Wealth Management LLC’s holdings in BHP Group were worth $496,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avantax Advisory Services Inc. lifted its position in shares of BHP Group by 12.1% during the 2nd quarter. Avantax Advisory Services Inc. now owns 143,182 shares of the mining company’s stock valued at $6,886,000 after buying an additional 15,398 shares in the last quarter. Fusion Capital LLC raised its stake in BHP Group by 3.2% during the 2nd quarter. Fusion Capital LLC now owns 122,895 shares of the mining company’s stock worth $5,910,000 after acquiring an additional 3,849 shares during the period. Creative Planning raised its stake in BHP Group by 14.2% during the 2nd quarter. Creative Planning now owns 182,602 shares of the mining company’s stock worth $8,781,000 after acquiring an additional 22,683 shares during the period. SG Americas Securities LLC purchased a new position in BHP Group during the second quarter valued at approximately $887,000. Finally, Cherokee Insurance Co bought a new position in shares of BHP Group in the second quarter worth approximately $226,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. BMO Capital Markets cut shares of BHP Group from an “outperform” rating to a “market perform” rating in a research note on Sunday, July 27th. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research note on Wednesday, August 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $48.50.

BHP Group Trading Up 0.9%

BHP stock opened at $53.05 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.11. The company’s fifty day moving average price is $55.23 and its 200-day moving average price is $52.69. BHP Group Limited Sponsored ADR has a one year low of $39.73 and a one year high of $58.92.

BHP Group Profile

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.