Willis Investment Counsel Grows Stock Holdings in BHP Group Limited Sponsored ADR $BHP

Willis Investment Counsel grew its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 11.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 456,616 shares of the mining company’s stock after buying an additional 45,486 shares during the quarter. Willis Investment Counsel’s holdings in BHP Group were worth $21,959,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Pinnacle Wealth Planning Services Inc. raised its position in BHP Group by 40.7% during the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 6,906 shares of the mining company’s stock valued at $332,000 after purchasing an additional 1,998 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in shares of BHP Group by 23.5% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 36,846 shares of the mining company’s stock worth $1,772,000 after buying an additional 7,010 shares during the last quarter. Bell Investment Advisors Inc increased its stake in shares of BHP Group by 1,062.5% during the second quarter. Bell Investment Advisors Inc now owns 1,023 shares of the mining company’s stock valued at $49,000 after buying an additional 935 shares during the period. Summitry LLC raised its holdings in shares of BHP Group by 25.1% during the second quarter. Summitry LLC now owns 5,660 shares of the mining company’s stock valued at $272,000 after acquiring an additional 1,136 shares in the last quarter. Finally, MTM Investment Management LLC purchased a new stake in BHP Group in the second quarter worth $52,000. 3.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BHP shares. Citigroup reissued a “neutral” rating on shares of BHP Group in a research report on Wednesday, August 20th. 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. Berenberg Bank restated a “sell” rating and issued a $44.00 price objective on shares of BHP Group in a report on Thursday, July 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $48.50.

BHP Group Stock Down 1.6%

BHP stock opened at $52.63 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average price of $55.25 and a 200-day moving average price of $52.66. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $58.92.

BHP Group (NYSE:BHP) last posted its quarterly earnings data on Monday, August 18th. The mining company reported $2.00 earnings per share for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.09). The company had revenue of $26.23 billion during the quarter, compared to the consensus estimate of $26.04 billion. As a group, research analysts forecast that BHP Group Limited Sponsored ADR will post 4.03 EPS for the current year.

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.