Moors & Cabot Inc. Has $1.55 Million Stake in BHP Group Limited (NYSE:BHP)

Moors & Cabot Inc. lowered its stake in shares of BHP Group Limited (NYSE:BHP) by 1.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 31,642 shares of the mining company’s stock after selling 365 shares during the quarter. Moors & Cabot Inc.’s holdings in BHP Group were worth $1,545,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BHP. Fisher Asset Management LLC boosted its position in BHP Group by 1.3% in the fourth 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 in the last quarter. Wellington Management Group LLP lifted its stake in shares of BHP Group by 13.0% in 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 acquiring an additional 642,765 shares during the last quarter. FMR LLC boosted its holdings 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 acquiring an additional 129,908 shares in the last quarter. JPMorgan Chase & Co. grew its position in BHP Group by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock worth $37,271,000 after acquiring an additional 55,095 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in BHP Group in the 4th quarter worth about $25,878,000. Institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

BHP has been the topic of a number of recent research reports. 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. Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Finally, StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a research note 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, the stock currently has an average rating of “Buy” and an average target price of $53.00.

BHP Group Price Performance

BHP Group stock opened at $48.68 on Friday. The firm has a market capitalization of $123.43 billion, a P/E ratio of 11.06 and a beta of 0.90. BHP Group Limited has a one year low of $48.06 and a one year high of $63.21. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. The business has a fifty day moving average price of $49.88 and a 200-day moving average price of $52.76.

BHP Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 7th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend 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.