NewEdge Wealth LLC Sells 31,501 Shares of BHP Group Limited (NYSE:BHP)

NewEdge Wealth LLC lessened its stake in BHP Group Limited (NYSE:BHP) by 40.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,433 shares of the mining company’s stock after selling 31,501 shares during the period. NewEdge Wealth LLC’s holdings in BHP Group were worth $2,219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its position in shares of BHP Group by 93.7% during the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company’s stock valued at $14,042,000 after purchasing an additional 109,337 shares in the last quarter. FMR LLC boosted its position in shares of BHP Group by 10.0% during the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock valued at $89,092,000 after purchasing an additional 129,908 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of BHP Group by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after purchasing an additional 55,095 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of BHP Group by 17.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company’s stock valued at $9,513,000 after purchasing an additional 22,677 shares in the last quarter. Finally, XY Capital Ltd boosted its position in shares of BHP Group by 503.6% during the 3rd 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. Institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on BHP. Jefferies Financial Group cut their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, BHP Group currently has an average rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Trading Down 1.9 %

Shares of NYSE:BHP opened at $48.43 on Friday. The business’s 50 day simple moving average is $49.80 and its two-hundred day simple moving average is $53.03. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. BHP Group Limited has a 52-week low of $48.06 and a 52-week high of $63.21.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 7th will be paid a $1.00 dividend. This represents a dividend yield of 4.8%. The ex-dividend date is Friday, March 7th.

About BHP Group

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.