PDS Planning Inc Buys 1,759 Shares of BHP Group Limited (NYSE:BHP)

PDS Planning Inc lifted its stake in BHP Group Limited (NYSE:BHP) by 28.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,003 shares of the mining company’s stock after buying an additional 1,759 shares during the period. PDS Planning Inc’s holdings in BHP Group were worth $391,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in BHP. Sierra Ocean LLC bought a new position in BHP Group during the fourth quarter worth about $29,000. Versant Capital Management Inc bought a new position in BHP Group during the fourth quarter worth about $40,000. Union Bancaire Privee UBP SA bought a new position in BHP Group during the fourth quarter worth about $46,000. Newbridge Financial Services Group Inc. bought a new position in BHP Group during the fourth quarter worth about $54,000. Finally, Rothschild Investment LLC lifted its stake in BHP Group by 119.4% during the fourth quarter. Rothschild Investment LLC now owns 1,301 shares of the mining company’s stock worth $64,000 after purchasing an additional 708 shares during the period. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

NYSE:BHP opened at $50.55 on Wednesday. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21. The firm has a 50 day moving average of $49.98 and a 200-day moving average of $52.62. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $128.17 billion, a P/E ratio of 11.49 and a beta of 0.90.

BHP Group Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 7th will be paid a $1.00 dividend. This represents a dividend yield of 4.8%. The ex-dividend date is Friday, March 7th. BHP Group’s dividend payout ratio (DPR) is currently 44.77%.

Analyst Upgrades and Downgrades

BHP has been the subject of a number of analyst reports. Jefferies Financial Group cut their price target on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, BHP Group has an average rating of “Buy” and a consensus price target of $53.00.

BHP Group Company 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.