4,781 Shares in BHP Group Limited Sponsored ADR $BHP Purchased by Savvy Advisors Inc.

Savvy Advisors Inc. bought a new stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 4,781 shares of the mining company’s stock, valued at approximately $230,000.

Other institutional investors also recently made changes to their positions in the company. Costello Asset Management INC bought a new stake in BHP Group during the first quarter worth approximately $26,000. Hilltop National Bank acquired a new position in shares of BHP Group during the 2nd quarter valued at $32,000. Raleigh Capital Management Inc. acquired a new position in shares of BHP Group during the 2nd quarter valued at $58,000. Flaharty Asset Management LLC bought a new stake in shares of BHP Group in the 1st quarter worth $73,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in shares of BHP Group by 25.3% in the second quarter. Bruce G. Allen Investments LLC now owns 1,726 shares of the mining company’s stock valued at $83,000 after buying an additional 349 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Berenberg Bank reaffirmed a “sell” rating and issued a $44.00 price objective on shares of BHP Group in a research note on Thursday, July 24th. BMO Capital Markets downgraded shares of BHP Group from an “outperform” rating to a “market perform” rating in a report on Sunday, July 27th. Citigroup restated a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th. Finally, Macquarie cut BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $48.50.

BHP Group Stock Down 0.3%

Shares of BHP opened at $57.06 on Monday. The company has a 50-day moving average of $55.27 and a two-hundred day moving average of $52.02. 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 one year low of $39.73 and a one year high of $58.92.

BHP Group (NYSE:BHP) last posted its quarterly earnings data on Monday, August 18th. The mining company reported $2.00 EPS for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.09). The company had revenue of $26.23 billion for the quarter, compared to analysts’ expectations of $26.04 billion. As a group, equities analysts anticipate that BHP Group Limited Sponsored ADR will post 4.03 earnings per share for the current year.

BHP Group Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were paid a $1.185 dividend. This represents a dividend yield of 441.0%. This is a boost from BHP Group’s previous semi-annual dividend of $1.00. The ex-dividend date of this dividend was Friday, September 5th.

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.