BHP Group Limited Sponsored ADR $BHP Stock Sold by Red Cedar Investment Management LLC

Red Cedar Investment Management LLC trimmed its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 18.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,807 shares of the mining company’s stock after selling 7,841 shares during the quarter. Red Cedar Investment Management LLC’s holdings in BHP Group were worth $2,953,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gryphon Financial Partners LLC boosted its holdings in shares of BHP Group by 4.6% in the 3rd quarter. Gryphon Financial Partners LLC now owns 27,766 shares of the mining company’s stock valued at $2,356,000 after purchasing an additional 1,220 shares during the last quarter. AlphaCore Capital LLC grew its stake in shares of BHP Group by 8.9% during the 3rd quarter. AlphaCore Capital LLC now owns 3,551 shares of the mining company’s stock valued at $301,000 after buying an additional 290 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of BHP Group by 10.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 32,799 shares of the mining company’s stock worth $2,788,000 after buying an additional 3,229 shares during the last quarter. Almanack Investment Partners LLC. increased its holdings in shares of BHP Group by 3.0% during the 3rd quarter. Almanack Investment Partners LLC. now owns 6,018 shares of the mining company’s stock worth $511,000 after buying an additional 177 shares during the last quarter. Finally, Euro Pacific Asset Management LLC increased its holdings in shares of BHP Group by 7.5% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 65,496 shares of the mining company’s stock worth $5,344,000 after buying an additional 4,589 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Weiss Ratings raised BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Wall Street Zen downgraded BHP Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Zacks Research downgraded BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Citigroup restated a “neutral” rating on shares of BHP Group in a research note on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, BHP Group has an average rating of “Hold” and an average target price of $78.00.

BHP Group Price Performance

NYSE:BHP opened at $82.85 on Tuesday. The business’s 50-day moving average is $84.80 and its two-hundred day moving average is $81.78. BHP Group Limited Sponsored ADR has a 12 month low of $52.18 and a 12 month high of $98.71. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.88 and a quick ratio of 1.48.

BHP Group Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Friday, September 4th were paid a $1.98 dividend. The ex-dividend date was Friday, September 4th. This represents a dividend yield of 438.0%.

BHP Group Company Profile

BHP Group is a global resources company with roots in the Broken Hill Proprietary Company, founded in Australia in 1885. The company is headquartered in Melbourne and operates mines and related businesses across several regions.

BHP’s main products include iron ore, copper and metallurgical coal, which are used in steelmaking, construction, manufacturing and other industries. It also has a potash project under development in Canada.

The company’s operations and projects span Australia and the Americas, including activities in Chile, Peru and Brazil.