Dorsey & Whitney Trust CO LLC Lowers Stock Holdings in BHP Group Limited (NYSE:BHP)

Dorsey & Whitney Trust CO LLC lowered its holdings in shares of BHP Group Limited (NYSE:BHP) by 12.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,640 shares of the mining company’s stock after selling 1,424 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in BHP Group were worth $471,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BHP. Sigma Planning Corp purchased a new position in BHP Group during the third quarter worth approximately $235,000. Crossmark Global Holdings Inc. boosted its position in BHP Group by 65.1% during the third quarter. Crossmark Global Holdings Inc. now owns 154,274 shares of the mining company’s stock worth $9,582,000 after purchasing an additional 60,857 shares in the last quarter. Chartwell Investment Partners LLC purchased a new position in BHP Group during the third quarter worth approximately $9,830,000. Jeppson Wealth Management LLC raised its holdings in shares of BHP Group by 10.6% during the third quarter. Jeppson Wealth Management LLC now owns 35,871 shares of the mining company’s stock valued at $2,228,000 after acquiring an additional 3,430 shares during the last quarter. Finally, Simmons Bank raised its holdings in shares of BHP Group by 10.8% during the third quarter. Simmons Bank now owns 45,053 shares of the mining company’s stock valued at $2,798,000 after acquiring an additional 4,395 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analysts Set New Price Targets

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

BHP Group Price Performance

NYSE:BHP opened at $49.60 on Tuesday. BHP Group Limited has a one year low of $48.06 and a one year high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The stock has a market cap of $125.78 billion, a PE ratio of 11.27 and a beta of 0.90. The stock has a 50 day moving average price of $49.88 and a 200 day moving average price of $52.86.

BHP Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be given a $1.00 dividend. The ex-dividend date is Friday, March 7th. This represents a yield of 4.8%. BHP Group’s payout ratio is 44.77%.

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.