Shrier Wealth Management LLC Acquires Shares of 43,558 BHP Group Limited Sponsored ADR $BHP

Shrier Wealth Management LLC bought a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 43,558 shares of the mining company’s stock, valued at approximately $2,630,000. BHP Group accounts for approximately 1.0% of Shrier Wealth Management LLC’s holdings, making the stock its 27th biggest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Caldwell Trust Co acquired a new stake in BHP Group in the 2nd quarter valued at $31,000. Salomon & Ludwin LLC raised its position in BHP Group by 3,040.9% during the third quarter. Salomon & Ludwin LLC now owns 691 shares of the mining company’s stock worth $38,000 after acquiring an additional 669 shares during the period. JFS Wealth Advisors LLC raised its position in BHP Group by 68.9% during the third quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock worth $39,000 after acquiring an additional 284 shares during the period. Ameriflex Group Inc. lifted its holdings in BHP Group by 100.0% during the third quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock valued at $40,000 after purchasing an additional 359 shares in the last quarter. Finally, True Wealth Design LLC lifted its holdings in BHP Group by 229.7% during the third quarter. True Wealth Design LLC now owns 755 shares of the mining company’s stock valued at $42,000 after purchasing an additional 526 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BHP shares. Argus raised shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Tuesday, December 30th. Wall Street Zen raised shares of BHP Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a report on Wednesday, January 21st. Zacks Research lowered BHP Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Finally, Sanford C. Bernstein reduced their target price on BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a report on Monday, March 9th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $53.33.

BHP Group Stock Performance

Shares of BHP opened at $72.63 on Wednesday. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $83.21. The firm’s fifty day moving average is $72.36 and its two-hundred day moving average is $62.75. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44.

BHP Group Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 6th were paid a $1.46 dividend. This represents a dividend yield of 399.0%. The ex-dividend date of this dividend was Friday, March 6th.

About BHP Group

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.