Callan Capital LLC Has $668,000 Stake in BHP Group Limited (NYSE:BHP)

Callan Capital LLC raised its position in shares of BHP Group Limited (NYSE:BHP) by 23.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,706 shares of the mining company’s stock after buying an additional 2,208 shares during the period. Callan Capital LLC’s holdings in BHP Group were worth $668,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Asset Dedication LLC increased its holdings in shares of BHP Group by 7,516.7% during the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock worth $26,000 after buying an additional 451 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of BHP Group during the second quarter worth approximately $27,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of BHP Group during the second quarter worth approximately $27,000. Rise Advisors LLC acquired a new stake in shares of BHP Group during the first quarter worth approximately $29,000. Finally, WFA Asset Management Corp acquired a new stake in shares of BHP Group during the first quarter worth approximately $31,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Citigroup initiated coverage on shares of BHP Group in a research report on Friday, May 31st. They issued a “buy” rating for the company. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday. Finally, Barclays restated an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

BHP Group Stock Performance

Shares of BHP Group stock opened at $55.21 on Friday. The firm has a fifty day moving average of $54.26 and a two-hundred day moving average of $56.66. The stock has a market capitalization of $139.84 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 3.41 and a beta of 0.96. BHP Group Limited has a 52 week low of $50.90 and a 52 week high of $69.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70.

BHP Group Increases Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th will be given a dividend of $1.465 per share. This is a boost from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date is Friday, September 13th. This represents a dividend yield of 5.2%. BHP Group’s payout ratio is presently 59.07%.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.