Pitcairn Co. Sells 7,681 Shares of BHP Group Limited (NYSE:BHP)

Pitcairn Co. cut its stake in shares of BHP Group Limited (NYSE:BHP) by 29.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,059 shares of the mining company’s stock after selling 7,681 shares during the quarter. Pitcairn Co.’s holdings in BHP Group were worth $1,122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Pinnacle West Asset Management Inc. increased its holdings in shares of BHP Group by 2.6% during the second quarter. Pinnacle West Asset Management Inc. now owns 7,925 shares of the mining company’s stock worth $452,000 after buying an additional 200 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in BHP Group by 0.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company’s stock worth $1,570,000 after purchasing an additional 202 shares in the last quarter. Bleakley Financial Group LLC raised its position 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 purchasing an additional 203 shares during the last quarter. Huntington National Bank boosted its stake in shares of BHP Group by 17.5% during the third quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock valued at $85,000 after purchasing an additional 203 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC grew its holdings in shares of BHP Group by 1.1% during the second 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 currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

BHP Group Stock Up 0.7 %

Shares of NYSE:BHP opened at $52.36 on Monday. BHP Group Limited has a 1 year low of $50.90 and a 1 year high of $69.11. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The business’s 50-day moving average is $56.46 and its 200-day moving average is $56.38.

BHP Group Increases Dividend

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

About BHP Group

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.