Saturna Capital Corp Purchases 1,214 Shares of BHP Group Limited (NYSE:BHP)

Saturna Capital Corp boosted its holdings in shares of BHP Group Limited (NYSE:BHP) by 11.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 11,868 shares of the mining company’s stock after purchasing an additional 1,214 shares during the period. Saturna Capital Corp’s holdings in BHP Group were worth $580,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings 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 increased its position in BHP Group by 10.0% during the third quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock worth $89,092,000 after buying an additional 129,908 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of BHP Group by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock worth $37,271,000 after buying an additional 55,095 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 worth $9,513,000 after acquiring an additional 22,677 shares in the last quarter. Finally, Range Financial Group LLC bought a new stake in shares of BHP Group during the 4th quarter worth about $1,301,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Stock Performance

BHP opened at $49.81 on Wednesday. BHP Group Limited has a 12-month low of $48.06 and a 12-month high of $63.21. The firm has a market capitalization of $126.29 billion, a P/E ratio of 11.32 and a beta of 0.90. The stock’s 50 day moving average price is $49.90 and its two-hundred day moving average price is $52.82. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40.

BHP Group Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be given a dividend of $1.00 per share. This represents a yield of 4.8%. The ex-dividend date is Friday, March 7th. BHP Group’s dividend payout ratio (DPR) is currently 44.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Jefferies Financial Group reduced their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th. Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. Finally, StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $53.00.

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.