Moran Wealth Management LLC Grows Position in BHP Group Limited Sponsored ADR $BHP

Moran Wealth Management LLC boosted its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 9.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,956 shares of the mining company’s stock after purchasing an additional 13,499 shares during the period. Moran Wealth Management LLC’s holdings in BHP Group were worth $11,053,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BHP. Fisher Asset Management LLC boosted its position in shares of BHP Group by 1.1% during the fourth quarter. Fisher Asset Management LLC now owns 23,402,474 shares of the mining company’s stock valued at $1,412,807,000 after buying an additional 252,825 shares during the period. Morgan Stanley raised its holdings in shares of BHP Group by 22.8% in the fourth quarter. Morgan Stanley now owns 13,800,183 shares of the mining company’s stock worth $833,117,000 after buying an additional 2,562,747 shares during the period. Bank of America Corp DE raised its holdings in shares of BHP Group by 25.2% in the third quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock worth $193,197,000 after buying an additional 697,316 shares during the period. Northern Trust Corp lifted its stake in shares of BHP Group by 5.3% during the 3rd quarter. Northern Trust Corp now owns 2,443,560 shares of the mining company’s stock worth $136,228,000 after acquiring an additional 123,382 shares during the last quarter. Finally, SIH Partners LLLP lifted its stake in shares of BHP Group by 937.5% during the 3rd quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock worth $103,511,000 after acquiring an additional 1,677,739 shares during the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research report on Monday, April 20th. Sanford C. Bernstein reduced their target price on BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a research note on Monday, March 9th. The Goldman Sachs Group upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Zacks Research raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. Finally, Citigroup restated a “neutral” rating on shares of BHP Group in a report on Monday, June 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, BHP Group presently has an average rating of “Moderate Buy” and a consensus target price of $69.50.

BHP Group Trading Up 0.0%

Shares of NYSE BHP opened at $83.34 on Friday. BHP Group Limited Sponsored ADR has a 52-week low of $49.23 and a 52-week high of $93.83. The stock has a 50 day moving average price of $85.09 and a 200 day moving average price of $75.37. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44.

BHP Group Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.