Capital Wealth Planning LLC Has $686,000 Position in BHP Group Limited (NYSE:BHP)

Capital Wealth Planning LLC raised its stake in shares of BHP Group Limited (NYSE:BHP) by 8.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,056 shares of the mining company’s stock after buying an additional 1,136 shares during the period. Capital Wealth Planning LLC’s holdings in BHP Group were worth $686,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Fisher Asset Management LLC boosted its stake in shares of BHP Group by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock valued at $1,085,253,000 after buying an additional 280,258 shares during the period. Wellington Management Group LLP boosted its stake in shares of BHP Group by 13.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock valued at $348,041,000 after buying an additional 642,765 shares during the period. FMR LLC boosted its stake in shares of BHP Group by 10.0% during the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock valued at $89,092,000 after buying an additional 129,908 shares during the period. XY Capital Ltd boosted its stake in shares of BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after buying an additional 768,972 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of BHP Group by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after purchasing an additional 55,095 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BHP shares. Jefferies Financial Group cut their price target on shares of 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 downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, BHP Group has an average rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Stock Down 1.9 %

BHP Group stock opened at $48.43 on Friday. The company has a market capitalization of $122.79 billion, a P/E ratio of 11.01 and a beta of 0.95. BHP Group Limited has a 1-year low of $48.06 and a 1-year high of $63.21. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The firm’s fifty day simple moving average is $49.80 and its 200-day simple moving average is $53.02.

BHP Group Cuts Dividend

The company also recently announced 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 yield of 4.8%. BHP Group’s dividend payout ratio (DPR) is presently 44.77%.

About BHP Group

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.