Whittier Trust Co. of Nevada Inc. Has $201,000 Stake in BHP Group Limited (NYSE:BHP)

Whittier Trust Co. of Nevada Inc. cut its stake in BHP Group Limited (NYSE:BHP) by 63.5% in the third quarter, Holdings Channel.com reports. The firm owned 3,232 shares of the mining company’s stock after selling 5,622 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in BHP Group were worth $201,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BHP. Asset Dedication LLC boosted its position 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 during the period. Ashton Thomas Private Wealth LLC acquired a new position in BHP Group during the 2nd quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of BHP Group during the 2nd quarter worth approximately $27,000. Sound Income Strategies LLC raised its holdings in shares of BHP Group by 124.6% in the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after purchasing an additional 294 shares during the last quarter. Finally, WFA Asset Management Corp bought a new stake in shares of BHP Group in the first quarter worth $31,000. Institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BHP. Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $72.00 to $68.00 in a research note on Friday, October 4th. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Argus upgraded BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. 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 given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

BHP Group Trading Down 1.6 %

Shares of NYSE:BHP opened at $55.74 on Thursday. 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. The company has a market capitalization of $141.17 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 3.95 and a beta of 0.96. The company has a 50-day simple moving average of $56.06 and a 200 day simple moving average of $56.88.

BHP Group Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were paid a dividend of $1.465 per share. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, September 13th. BHP Group’s payout ratio is currently 62.08%.

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.