Legacy Wealth Asset Management LLC Has $1.24 Million Holdings in BHP Group Limited Sponsored ADR $BHP

Legacy Wealth Asset Management LLC cut its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 57.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,861 shares of the mining company’s stock after selling 19,794 shares during the period. Legacy Wealth Asset Management LLC’s holdings in BHP Group were worth $1,238,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bayban bought a new stake in shares of BHP Group in the fourth quarter valued at about $25,000. Hilton Head Capital Partners LLC bought a new position in BHP Group during the fourth quarter valued at about $26,000. Garton & Associates Financial Advisors LLC acquired a new position in BHP Group in the 4th quarter valued at approximately $26,000. Sound Income Strategies LLC raised its holdings in BHP Group by 222.1% in the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after acquiring an additional 291 shares in the last quarter. Finally, Whipplewood Advisors LLC lifted its position in shares of BHP Group by 8,320.0% in the 1st quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock worth $31,000 after acquiring an additional 416 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BHP shares. Zacks Research lowered BHP Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research report on Friday, July 17th. The Goldman Sachs Group upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. DZ Bank raised shares of BHP Group from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of BHP Group from a “hold” rating to a “buy” rating in a research note on Sunday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $78.00.

BHP Group Price Performance

BHP Group stock opened at $90.51 on Monday. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average price of $84.93 and a two-hundred day moving average price of $79.30. BHP Group Limited Sponsored ADR has a 52-week low of $51.83 and a 52-week high of $93.83.

BHP Group Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.