Compound Planning Inc. Buys 9,410 Shares of BHP Group Limited Sponsored ADR $BHP

Compound Planning Inc. raised its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 55.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,506 shares of the mining company’s stock after acquiring an additional 9,410 shares during the period. Compound Planning Inc.’s holdings in BHP Group were worth $1,478,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of BHP. Avantax Advisory Services Inc. lifted its holdings in shares of BHP Group by 12.1% in the 2nd quarter. Avantax Advisory Services Inc. now owns 143,182 shares of the mining company’s stock valued at $6,886,000 after acquiring an additional 15,398 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in BHP Group by 24.4% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 113,979 shares of the mining company’s stock valued at $6,356,000 after purchasing an additional 22,388 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of BHP Group by 5.4% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 301,443 shares of the mining company’s stock valued at $14,496,000 after purchasing an additional 15,326 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of BHP Group by 1.9% in the 2nd quarter. Fisher Asset Management LLC now owns 22,842,252 shares of the mining company’s stock worth $1,098,484,000 after purchasing an additional 429,330 shares during the period. Finally, American Century Companies Inc. increased its position in shares of BHP Group by 14.2% during the 2nd quarter. American Century Companies Inc. now owns 778,244 shares of the mining company’s stock valued at $37,426,000 after purchasing an additional 96,585 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

BHP has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BHP Group in a research report on Wednesday, February 18th. Zacks Research upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a research note on Tuesday, February 10th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, January 21st. Finally, Argus raised shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Tuesday, December 30th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $56.00.

BHP Group Stock Up 2.7%

NYSE BHP opened at $81.77 on Thursday. BHP Group Limited Sponsored ADR has a 12 month low of $39.73 and a 12 month high of $82.34. The company’s 50-day moving average price is $67.55 and its 200-day moving average price is $59.71. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65.

BHP Group Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 6th will be given a dividend of $1.46 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a dividend yield of 399.0%.

BHP Group Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.