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

PDS Planning Inc increased its stake in BHP Group Limited (NYSE:BHP) by 28.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,003 shares of the mining company’s stock after purchasing an additional 1,759 shares during the period. PDS Planning Inc’s holdings in BHP Group were worth $391,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Fisher Asset Management LLC raised its position in BHP Group by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock worth $1,085,253,000 after purchasing an additional 280,258 shares during the last quarter. Wellington Management Group LLP raised its position in shares of BHP Group by 13.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock valued at $348,041,000 after acquiring an additional 642,765 shares during the last quarter. FMR LLC raised its position in shares of BHP Group by 10.0% during the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock valued at $89,092,000 after acquiring an additional 129,908 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of BHP Group by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after acquiring an additional 55,095 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of BHP Group during the 4th quarter valued at $25,878,000. Institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

BHP opened at $50.55 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21. The company has a fifty day simple moving average of $49.98 and a 200 day simple moving average of $52.62. The stock has a market cap 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 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. This represents a dividend yield of 4.8%. The ex-dividend date is Friday, March 7th. BHP Group’s dividend payout ratio is currently 44.77%.

Analysts Set New Price Targets

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