Stratos Wealth Advisors LLC Makes New $770,000 Investment in BHP Group Limited Sponsored ADR $BHP

Stratos Wealth Advisors LLC acquired a new stake in BHP Group Limited Sponsored ADR (NYSE:BHP) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 16,013 shares of the mining company’s stock, valued at approximately $770,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hourglass Capital LLC lifted its stake in shares of BHP Group by 3.6% during the second quarter. Hourglass Capital LLC now owns 85,746 shares of the mining company’s stock valued at $4,124,000 after acquiring an additional 2,995 shares during the period. Rosenberg Matthew Hamilton raised its holdings in BHP Group by 15.6% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 2,406 shares of the mining company’s stock worth $116,000 after purchasing an additional 324 shares during the last quarter. Mutual Advisors LLC lifted its position in BHP Group by 4.0% during the 2nd quarter. Mutual Advisors LLC now owns 7,155 shares of the mining company’s stock valued at $380,000 after purchasing an additional 276 shares during the period. Moran Wealth Management LLC boosted its stake in shares of BHP Group by 3.5% in the 2nd quarter. Moran Wealth Management LLC now owns 127,299 shares of the mining company’s stock valued at $6,122,000 after purchasing an additional 4,262 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of BHP Group by 14.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 35,133 shares of the mining company’s stock worth $1,690,000 after buying an additional 4,516 shares during the period. Institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of BHP stock opened at $55.57 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. BHP Group Limited Sponsored ADR has a 12-month low of $39.73 and a 12-month high of $58.51. The firm has a fifty day moving average of $54.79 and a 200-day moving average of $51.03. The firm has a market capitalization of $141.04 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 4.03 and a beta of 0.80.

BHP Group Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were given a dividend of $1.185 per share. This is an increase from BHP Group’s previous semi-annual dividend of $1.00. This represents a dividend yield of 441.0%. The ex-dividend date of this dividend was Friday, September 5th. BHP Group’s payout ratio is 53.86%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Macquarie cut shares of BHP Group from an “outperform” rating to a “neutral” rating in a research report on Friday, July 18th. Berenberg Bank restated a “sell” rating and issued a $44.00 price target on shares of BHP Group in a research report on Thursday, July 24th. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a research note on Wednesday, August 20th. Finally, BMO Capital Markets downgraded BHP Group from an “outperform” rating to a “market perform” rating in a report on Sunday, July 27th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, BHP Group currently has a consensus rating of “Hold” and a consensus price target of $48.50.

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.