J.W. Cole Advisors Inc. Sells 937 Shares of BHP Group Limited (NYSE:BHP)

J.W. Cole Advisors Inc. reduced its position in BHP Group Limited (NYSE:BHP) by 19.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,841 shares of the mining company’s stock after selling 937 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in BHP Group were worth $239,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of BHP. Eagle Bay Advisors LLC raised its position in BHP Group by 48.9% during the 1st quarter. Eagle Bay Advisors LLC now owns 600 shares of the mining company’s stock valued at $35,000 after purchasing an additional 197 shares in the last quarter. Pinnacle West Asset Management Inc. lifted its stake in BHP Group by 2.6% in the second quarter. Pinnacle West Asset Management Inc. now owns 7,925 shares of the mining company’s stock worth $452,000 after acquiring an additional 200 shares during the period. Sequoia Financial Advisors LLC grew its holdings in BHP Group by 0.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company’s stock worth $1,570,000 after acquiring an additional 202 shares in the last quarter. Bleakley Financial Group LLC increased its position in BHP Group by 4.1% during the 3rd quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock valued at $317,000 after purchasing an additional 203 shares during the period. Finally, Moody Lynn & Lieberson LLC raised its holdings in shares of BHP Group by 1.1% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 19,208 shares of the mining company’s stock valued at $1,097,000 after purchasing an additional 208 shares in the last quarter. 3.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BHP has been the topic of a number of recent research reports. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Argus upgraded BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, Jefferies Financial Group lowered BHP Group from a “buy” rating to a “hold” rating and cut their target price for the company from $72.00 to $68.00 in a research note on Friday, October 4th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, BHP Group has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

BHP Group Trading Up 0.8 %

Shares of BHP opened at $55.93 on Friday. BHP Group Limited has a 12 month low of $50.90 and a 12 month high of $69.11. The stock has a fifty day moving average price of $56.38 and a 200-day moving average price of $56.74. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38.

BHP Group Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were issued a dividend of $1.465 per share. The ex-dividend date of this dividend was 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 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.