BHP Group Limited Sponsored ADR $BHP Shares Sold by Addenda Capital Inc.

Addenda Capital Inc. trimmed its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 129,200 shares of the mining company’s stock after selling 14,103 shares during the quarter. Addenda Capital Inc.’s holdings in BHP Group were worth $7,800,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sound Income Strategies LLC grew its holdings in BHP Group by 222.1% in the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock worth $27,000 after buying an additional 291 shares in the last quarter. Caldwell Trust Co bought a new position in BHP Group in the 2nd quarter worth approximately $31,000. Salomon & Ludwin LLC grew its holdings in BHP Group by 3,040.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 691 shares of the mining company’s stock worth $38,000 after buying an additional 669 shares in the last quarter. JFS Wealth Advisors LLC grew its holdings in BHP Group by 68.9% in the 3rd quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock worth $39,000 after buying an additional 284 shares in the last quarter. Finally, Ameriflex Group Inc. grew its holdings in BHP Group by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock worth $40,000 after buying an additional 359 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Zacks Research lowered BHP Group from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Berenberg Bank raised BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Argus raised BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Tuesday, December 30th. Wall Street Zen raised BHP Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $53.33.

BHP Group Price Performance

BHP opened at $77.01 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28. The business has a fifty day simple moving average of $73.07 and a 200-day simple moving average of $63.54. BHP Group Limited Sponsored ADR has a fifty-two week low of $40.66 and a fifty-two week high of $83.21.

BHP Group Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 6th were paid a dividend of $1.46 per share. The ex-dividend date of this dividend was 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.