Brown Advisory Inc. Sells 1,847 Shares of BHP Group Limited Sponsored ADR (NYSE:BHP)

Brown Advisory Inc. cut its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 11.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,405 shares of the mining company’s stock after selling 1,847 shares during the quarter. Brown Advisory Inc.’s holdings in BHP Group were worth $699,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. WFA Asset Management Corp bought a new position in shares of BHP Group in the first quarter valued at about $26,000. Alpine Bank Wealth Management bought a new position in shares of BHP Group in the first quarter valued at about $27,000. Compagnie Lombard Odier SCmA bought a new position in shares of BHP Group in the first quarter valued at about $32,000. Allianz SE bought a new position in shares of BHP Group in the fourth quarter valued at about $51,000. Finally, Headlands Technologies LLC bought a new position in shares of BHP Group in the fourth quarter valued at about $53,000. 3.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BHP has been the topic of several research analyst reports. Sanford C. Bernstein lowered shares of BHP Group from an “outperform” rating to a “market perform” rating in a research report on Monday, May 19th. Argus lowered shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.00.

BHP Group Price Performance

NYSE:BHP opened at $51.91 on Tuesday. BHP Group Limited Sponsored ADR has a 52 week low of $39.73 and a 52 week high of $63.21. The firm has a market cap of $131.63 billion, a price-to-earnings ratio of 11.80 and a beta of 0.80. The firm’s 50-day simple moving average is $49.32 and its 200 day simple moving average is $48.94. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70.

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.