J.W. Cole Advisors Inc. Acquires 879 Shares of BHP Group Limited (NYSE:BHP)

J.W. Cole Advisors Inc. increased its holdings in BHP Group Limited (NYSE:BHP) by 22.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,736 shares of the mining company’s stock after purchasing an additional 879 shares during the period. J.W. Cole Advisors Inc.’s holdings in BHP Group were worth $324,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in BHP Group by 6,529.2% in the fourth quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock worth $31,749,000 after purchasing an additional 457,760 shares in the last quarter. XY Capital Ltd boosted its holdings in BHP Group by 422.1% during the fourth quarter. XY Capital Ltd now owns 127,566 shares of the mining company’s stock valued at $8,714,000 after acquiring an additional 103,134 shares during the period. Morgan Stanley boosted its holdings in BHP Group by 2.8% during the third quarter. Morgan Stanley now owns 4,695,563 shares of the mining company’s stock valued at $267,084,000 after acquiring an additional 126,643 shares during the period. Wellington Management Group LLP boosted its holdings in BHP Group by 44.7% during the third quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock valued at $170,274,000 after acquiring an additional 924,202 shares during the period. Finally, Highland Capital Management LLC bought a new stake in BHP Group during the fourth quarter valued at about $1,866,000. 3.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup upgraded shares of BHP Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 14th. StockNews.com cut shares of BHP Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, Liberum Capital restated a “hold” rating on shares of BHP Group in a report on Tuesday, March 5th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $50.00.

BHP Group Stock Performance

Shares of BHP opened at $59.23 on Thursday. The company has a 50-day simple moving average of $57.98 and a 200-day simple moving average of $60.22. The company has a quick ratio of 1.22, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. BHP Group Limited has a 52 week low of $54.28 and a 52 week high of $69.11.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were given a dividend of $1.44 per share. This represents a dividend yield of 5.2%. The ex-dividend date was Thursday, March 7th.

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.