Townsend & Associates Inc Acquires 9,065 Shares of BHP Group Limited (NYSE:BHP)

Townsend & Associates Inc raised its holdings in shares of BHP Group Limited (NYSE:BHP) by 3.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 270,655 shares of the mining company’s stock after buying an additional 9,065 shares during the period. Townsend & Associates Inc’s holdings in BHP Group were worth $13,565,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BHP. Callan Capital LLC increased its holdings in shares of BHP Group by 12.5% in the fourth quarter. Callan Capital LLC now owns 10,012 shares of the mining company’s stock worth $489,000 after purchasing an additional 1,115 shares during the last quarter. Passumpsic Savings Bank increased its holdings in shares of BHP Group by 7.1% in the fourth quarter. Passumpsic Savings Bank now owns 4,873 shares of the mining company’s stock worth $238,000 after purchasing an additional 325 shares during the last quarter. Ieq Capital LLC increased its holdings in shares of BHP Group by 23.9% in the fourth quarter. Ieq Capital LLC now owns 11,811 shares of the mining company’s stock worth $577,000 after purchasing an additional 2,279 shares during the last quarter. Raelipskie Partnership increased its holdings in shares of BHP Group by 10.1% in the fourth quarter. Raelipskie Partnership now owns 18,577 shares of the mining company’s stock worth $907,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Sierra Ocean LLC bought a new stake in shares of BHP Group in the fourth quarter worth about $29,000. 3.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BHP has been the topic of several research reports. Jefferies Financial Group reduced their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

BHP Group Trading Down 1.3 %

BHP opened at $51.42 on Friday. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average of $49.80 and a 200 day moving average of $53.14.

BHP Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be given a $1.00 dividend. The ex-dividend date is Friday, March 7th.

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.