Toronto Dominion Bank Sells 3,145 Shares of BHP Group Limited (NYSE:BHP)

Toronto Dominion Bank cut its stake in BHP Group Limited (NYSE:BHP) by 76.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 970 shares of the mining company’s stock after selling 3,145 shares during the quarter. Toronto Dominion Bank’s holdings in BHP Group were worth $55,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Asset Dedication LLC grew its stake in shares of BHP Group by 7,516.7% during the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after purchasing an additional 451 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in BHP Group during the second quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in BHP Group during the second quarter valued at approximately $27,000. Rise Advisors LLC bought a new position in BHP Group in the first quarter worth approximately $29,000. Finally, WFA Asset Management Corp purchased a new position in shares of BHP Group during the 1st quarter worth $31,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BHP. Argus upgraded BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Finally, StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, BHP Group presently has an average rating of “Moderate Buy”.

BHP Group Stock Up 0.4 %

BHP opened at $62.38 on Wednesday. The stock has a market cap of $158.00 billion, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 3.52 and a beta of 0.96. 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’s fifty day moving average is $54.59 and its 200 day moving average is $56.76. BHP Group Limited has a fifty-two week low of $50.90 and a fifty-two week high of $69.11.

BHP Group Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be paid a $1.465 dividend. This is a positive change from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date of this dividend is Friday, September 13th. This represents a dividend yield of 5.2%. BHP Group’s dividend payout ratio is 60.29%.

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.