Bristlecone Advisors LLC Acquires 329 Shares of BHP Group Limited (NYSE:BHP)

Bristlecone Advisors LLC lifted its holdings in shares of BHP Group Limited (NYSE:BHP) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,957 shares of the mining company’s stock after purchasing an additional 329 shares during the period. Bristlecone Advisors LLC’s holdings in BHP Group were worth $805,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BHP. Eagle Bay Advisors LLC increased its holdings in BHP Group by 48.9% in the 1st quarter. Eagle Bay Advisors LLC now owns 600 shares of the mining company’s stock worth $35,000 after acquiring an additional 197 shares during the last quarter. Pinnacle West Asset Management Inc. increased its holdings in BHP Group by 2.6% in the 2nd quarter. Pinnacle West Asset Management Inc. now owns 7,925 shares of the mining company’s stock worth $452,000 after acquiring an additional 200 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in BHP Group by 0.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company’s stock worth $1,570,000 after acquiring an additional 202 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in BHP Group by 4.1% in the 3rd quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock worth $317,000 after acquiring an additional 203 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC grew its holdings in BHP Group by 1.1% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 19,208 shares of the mining company’s stock valued at $1,097,000 after buying an additional 208 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BHP has been the subject of a number of recent analyst reports. Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Jefferies Financial Group lowered BHP Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $72.00 to $68.00 in a report on Friday, October 4th. Finally, Argus raised BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $68.00.

BHP Group Stock Up 0.5 %

Shares of NYSE BHP opened at $56.44 on Monday. The business has a 50-day moving average of $56.19 and a 200-day moving average of $56.80. The firm has a market capitalization of $142.96 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 3.95 and a beta of 0.96. BHP Group Limited has a 12 month low of $50.90 and a 12 month high of $69.11. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38.

BHP Group Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were given a $1.465 dividend. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 5.2%. BHP Group’s payout ratio is presently 62.08%.

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.