Alaethes Wealth LLC Has $1.24 Million Holdings in BHP Group Limited (NYSE:BHP)

Alaethes Wealth LLC increased its position in BHP Group Limited (NYSE:BHP) by 4.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 21,752 shares of the mining company’s stock after purchasing an additional 848 shares during the period. Alaethes Wealth LLC’s holdings in BHP Group were worth $1,242,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC boosted its position in shares of BHP Group by 48.9% in the first quarter. Eagle Bay Advisors LLC now owns 600 shares of the mining company’s stock worth $35,000 after buying an additional 197 shares during the period. Pinnacle West Asset Management Inc. grew its stake in BHP Group by 2.6% during the 2nd quarter. Pinnacle West Asset Management Inc. now owns 7,925 shares of the mining company’s stock valued at $452,000 after acquiring an additional 200 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of BHP Group by 0.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company’s stock valued at $1,570,000 after purchasing an additional 202 shares during the period. Ballentine Partners LLC increased its holdings in shares of BHP Group by 2.6% in the 1st quarter. Ballentine Partners LLC now owns 8,212 shares of the mining company’s stock valued at $474,000 after purchasing an additional 205 shares during the period. Finally, Moody Lynn & Lieberson LLC lifted its position in shares of BHP Group by 1.1% in 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 in the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Price Performance

Shares of BHP opened at $53.81 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The firm has a market cap of $136.30 billion, a PE ratio of 10.85, a PEG ratio of 3.41 and a beta of 0.96. The firm’s 50 day moving average price is $54.15 and its 200 day moving average price is $56.63. BHP Group Limited has a twelve month low of $50.90 and a twelve month high of $69.11.

BHP Group Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be issued a dividend of $1.465 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a dividend yield of 5.2%. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44. BHP Group’s dividend payout ratio (DPR) is currently 59.07%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Barclays reaffirmed an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Citigroup started coverage on BHP Group in a report on Friday, May 31st. They set a “buy” rating for the company. Finally, Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

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