Biltmore Family Office LLC Sells 272 Shares of BHP Group Limited (NYSE:BHP)

Biltmore Family Office LLC reduced its stake in BHP Group Limited (NYSE:BHP) by 4.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,902 shares of the mining company’s stock after selling 272 shares during the quarter. Biltmore Family Office LLC’s holdings in BHP Group were worth $375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Bank of Montreal Can raised its position in shares of BHP Group by 532.2% during the 2nd quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock valued at $134,442,000 after buying an additional 1,981,008 shares in the last quarter. XY Capital Ltd raised its position in BHP Group by 503.6% during the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after purchasing an additional 768,972 shares in the last quarter. Mediolanum International Funds Ltd bought a new stake in BHP Group during the third quarter worth about $33,458,000. International Assets Investment Management LLC boosted its holdings in shares of BHP Group by 6,281.5% in the 3rd quarter. International Assets Investment Management LLC now owns 444,664 shares of the mining company’s stock worth $276,180,000 after purchasing an additional 437,696 shares in the last quarter. Finally, Pathway Financial Advisers LLC increased its position in shares of BHP Group by 5,577.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 263,666 shares of the mining company’s stock valued at $16,376,000 after purchasing an additional 259,022 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

BHP Group Stock Performance

NYSE:BHP opened at $52.02 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. BHP Group Limited has a fifty-two week low of $50.90 and a fifty-two week high of $69.11. The business has a 50 day moving average price of $56.47 and a 200-day moving average price of $56.42.

BHP Group Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th were given a dividend of $1.465 per share. The ex-dividend date was Friday, September 13th. This represents a yield of 5.2%. This is a boost from BHP Group’s previous Semi-Annual dividend of $1.44.

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.