Whittier Trust Co. Acquires 1,894 Shares of BHP Group Limited (NYSE:BHP)

Whittier Trust Co. lifted its holdings in shares of BHP Group Limited (NYSE:BHP) by 24.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,533 shares of the mining company’s stock after acquiring an additional 1,894 shares during the period. Whittier Trust Co.’s holdings in BHP Group were worth $465,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wellington Management Group LLP raised its stake in shares of BHP Group by 13.0% in the third quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after purchasing an additional 642,765 shares during the last quarter. Fisher Asset Management LLC raised its position in BHP Group by 3.0% in the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock valued at $1,362,996,000 after buying an additional 633,290 shares during the last quarter. Raymond James Financial Inc. bought a new position in BHP Group during the 4th quarter valued at $25,878,000. SPX Gestao de Recursos Ltda purchased a new position in BHP Group during the 4th quarter worth $9,323,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of BHP Group in the 4th quarter worth $8,795,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Clarkson Capital raised shares of BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Jefferies Financial Group cut their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Finally, StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Two investment 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $53.00.

BHP Group Stock Performance

Shares of BHP stock opened at $49.23 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The firm has a market cap of $124.82 billion, a price-to-earnings ratio of 11.19 and a beta of 0.90. BHP Group Limited has a 52 week low of $48.06 and a 52 week high of $63.21. The firm’s 50-day simple moving average is $50.03 and its two-hundred day simple moving average is $52.54.

BHP Group Cuts Dividend

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

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.