King Luther Capital Management Corp Sells 6,579 Shares of BHP Group Limited (NYSE:BHP)

King Luther Capital Management Corp trimmed its position in shares of BHP Group Limited (NYSE:BHP) by 48.7% during the 4th quarter, Holdings Channel reports. The firm owned 6,918 shares of the mining company’s stock after selling 6,579 shares during the period. King Luther Capital Management Corp’s holdings in BHP Group were worth $338,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Sierra Ocean LLC bought a new stake in BHP Group during the fourth quarter valued at about $29,000. Versant Capital Management Inc purchased a new stake in shares of BHP Group during the fourth quarter worth about $40,000. Union Bancaire Privee UBP SA bought a new stake in BHP Group during the 4th quarter valued at approximately $46,000. Newbridge Financial Services Group Inc. bought a new stake in BHP Group during the 4th quarter valued at approximately $54,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in BHP Group by 42.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,169 shares of the mining company’s stock worth $73,000 after purchasing an additional 351 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

NYSE:BHP opened at $48.68 on Friday. 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 company has a market cap of $123.43 billion, a price-to-earnings ratio of 11.06 and a beta of 0.90. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21. The stock’s 50 day simple moving average is $49.88 and its two-hundred day simple moving average is $52.76.

BHP Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be paid 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 payout ratio is 44.77%.

Analyst Ratings Changes

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

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.