Advisors Asset Management Inc. Sells 5,247 Shares of BHP Group Limited (NYSE:BHP)

Advisors Asset Management Inc. lowered its position in BHP Group Limited (NYSE:BHP) by 9.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,749 shares of the mining company’s stock after selling 5,247 shares during the period. Advisors Asset Management Inc.’s holdings in BHP Group were worth $3,090,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Pinnacle West Asset Management Inc. boosted its position in BHP Group by 2.6% in the 2nd quarter. Pinnacle West Asset Management Inc. now owns 7,925 shares of the mining company’s stock valued at $452,000 after buying an additional 200 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of BHP Group by 0.7% during the second quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company’s stock valued at $1,570,000 after acquiring an additional 202 shares during the period. Bleakley Financial Group LLC boosted its holdings in BHP Group by 4.1% in the third quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock valued at $317,000 after acquiring an additional 203 shares during the last quarter. Huntington National Bank increased its position in BHP Group by 17.5% in the third quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock worth $85,000 after purchasing an additional 203 shares during the period. Finally, Moody Lynn & Lieberson LLC raised its holdings in BHP Group by 1.1% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 19,208 shares of the mining company’s stock worth $1,097,000 after purchasing an additional 208 shares during the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Price Performance

NYSE:BHP opened at $52.36 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. BHP Group Limited has a fifty-two week low of $50.90 and a fifty-two week high of $69.11. The stock has a fifty day moving average price of $56.46 and a 200-day moving average price of $56.38.

BHP Group Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were issued a dividend of $1.465 per share. The ex-dividend date was Friday, September 13th. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44. This represents a dividend yield of 5.2%.

Wall Street Analyst Weigh In

A number of research firms recently commented on BHP. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a report on Monday, November 18th. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Jefferies Financial Group cut shares of BHP Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $72.00 to $68.00 in a report on Friday, October 4th. Finally, Argus upgraded shares of BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, BHP Group currently has a consensus rating of “Moderate Buy” and an average price target of $68.00.

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.