AlphaCore Capital LLC Raises Position in BHP Group Limited Sponsored ADR $BHP

AlphaCore Capital LLC lifted its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 1,782.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,335 shares of the mining company’s stock after buying an additional 16,414 shares during the period. AlphaCore Capital LLC’s holdings in BHP Group were worth $966,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BHP. Fisher Asset Management LLC boosted its holdings in BHP Group by 1.9% during 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 acquiring an additional 429,330 shares during the last quarter. American Century Companies Inc. lifted its position in shares of BHP Group by 14.2% during the second 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 in the last quarter. Townsend & Associates Inc boosted its holdings in BHP Group by 2.9% during the third quarter. Townsend & Associates Inc now owns 617,773 shares of the mining company’s stock worth $34,342,000 after purchasing an additional 17,198 shares during the last quarter. Willis Investment Counsel boosted its holdings in BHP Group by 10.4% during the third quarter. Willis Investment Counsel now owns 504,207 shares of the mining company’s stock worth $28,110,000 after purchasing an additional 47,591 shares during the last quarter. Finally, Gabelli Funds LLC grew its position in BHP Group by 9.9% in the 2nd quarter. Gabelli Funds LLC now owns 443,400 shares of the mining company’s stock worth $21,323,000 after purchasing an additional 39,800 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

BHP Group stock opened at $81.54 on Friday. BHP Group Limited Sponsored ADR has a one year low of $39.73 and a one year high of $82.34. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average price of $68.43 and a 200-day moving average price of $60.06.

BHP Group Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BHP Group in a research report on Wednesday, February 18th. Argus upgraded BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Tuesday, December 30th. Zacks Research upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Wall Street Zen raised BHP Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Citigroup reissued a “neutral” rating on shares of BHP Group in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, BHP Group currently has an average rating of “Hold” and a consensus target price of $56.00.

BHP Group Company 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.