Wedmont Private Capital Buys 1,955 Shares of BHP Group Limited (NYSE:BHP)

Wedmont Private Capital raised its stake in shares of BHP Group Limited (NYSE:BHP) by 46.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 6,140 shares of the mining company’s stock after purchasing an additional 1,955 shares during the period. Wedmont Private Capital’s holdings in BHP Group were worth $364,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BHP. Shorepath Capital Management LLC bought a new position in BHP Group in the 4th quarter worth approximately $4,354,000. Moran Wealth Management LLC increased its holdings in BHP Group by 10.3% in the 4th quarter. Moran Wealth Management LLC now owns 449,667 shares of the mining company’s stock valued at $30,717,000 after acquiring an additional 42,021 shares during the last quarter. Addenda Capital Inc. lifted its stake in BHP Group by 27.1% in the 1st quarter. Addenda Capital Inc. now owns 112,562 shares of the mining company’s stock worth $6,494,000 after purchasing an additional 23,968 shares in the last quarter. Virtu Financial LLC bought a new position in shares of BHP Group during the 1st quarter valued at about $1,953,000. Finally, Townsend & Associates Inc grew its position in shares of BHP Group by 61.6% during the fourth quarter. Townsend & Associates Inc now owns 236,437 shares of the mining company’s stock valued at $14,699,000 after purchasing an additional 90,105 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barclays reissued an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. Citigroup started coverage on shares of BHP Group in a research report on Friday, May 31st. They issued a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.00.

BHP Group Trading Up 0.2 %

Shares of NYSE BHP traded up $0.10 during trading hours on Tuesday, hitting $53.66. 2,173,158 shares of the company traded hands, compared to its average volume of 2,432,910. The company’s 50 day moving average price is $56.58 and its 200 day moving average price is $57.81. BHP Group Limited has a 12 month low of $51.73 and a 12 month high of $69.11. The stock has a market capitalization of $135.92 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of 3.45 and a beta of 0.98. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43.

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