BHP Group Limited Sponsored ADR $BHP Shares Purchased by Townsend & Associates Inc

Townsend & Associates Inc lifted its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 66.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 600,575 shares of the mining company’s stock after buying an additional 240,075 shares during the quarter. BHP Group makes up 3.2% of Townsend & Associates Inc’s investment portfolio, making the stock its 10th largest position. Townsend & Associates Inc’s holdings in BHP Group were worth $31,921,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BHP. Costello Asset Management INC purchased a new stake in BHP Group in the first quarter valued at approximately $26,000. Alpine Bank Wealth Management purchased a new stake in BHP Group in the first quarter valued at approximately $27,000. Hilltop National Bank purchased a new stake in BHP Group in the second quarter valued at approximately $32,000. Raleigh Capital Management Inc. purchased a new stake in BHP Group in the second quarter valued at approximately $58,000. Finally, Flaharty Asset Management LLC purchased a new stake in BHP Group in the first quarter valued at approximately $73,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Price Performance

Shares of BHP opened at $55.57 on Monday. The business’s 50-day moving average is $54.79 and its 200-day moving average is $51.06. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $58.51. The company has a market capitalization of $141.04 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 4.03 and a beta of 0.80. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.11.

BHP Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were issued a $1.185 dividend. This is an increase from BHP Group’s previous semi-annual dividend of $1.00. This represents a yield of 441.0%. The ex-dividend date was Friday, September 5th. BHP Group’s dividend payout ratio is currently 53.86%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BHP. Macquarie cut shares of BHP Group from an “outperform” rating to a “neutral” rating in a research report on Friday, July 18th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, October 8th. Berenberg Bank reissued a “sell” rating and set a $44.00 target price on shares of BHP Group in a research report on Thursday, July 24th. BMO Capital Markets cut shares of BHP Group from an “outperform” rating to a “market perform” rating in a research report on Sunday, July 27th. Finally, Citigroup reissued a “neutral” rating on shares of BHP Group in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $48.50.

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.