BHP Group Ltd (BHP) Stake Lessened by Portland Global Advisors LLC

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Portland Global Advisors LLC cut its holdings in BHP Group Ltd (NYSE:BHP) by 6.5% in the 1st quarter, HoldingsChannel reports. The fund owned 7,930 shares of the mining company’s stock after selling 550 shares during the period. Portland Global Advisors LLC’s holdings in BHP Group were worth $434,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. We Are One Seven LLC bought a new position in shares of BHP Group in the fourth quarter valued at approximately $32,000. Berman Capital Advisors LLC bought a new position in shares of BHP Group in the fourth quarter valued at approximately $33,000. Sontag Advisory LLC bought a new position in shares of BHP Group in the fourth quarter valued at approximately $37,000. Doyle Wealth Management bought a new position in shares of BHP Group in the fourth quarter valued at approximately $39,000. Finally, Pin Oak Investment Advisors Inc. bought a new position in shares of BHP Group in the fourth quarter valued at approximately $39,000. 3.79% of the stock is owned by institutional investors.

Several research firms have recently issued reports on BHP. Zacks Investment Research lowered BHP Group from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Jefferies Financial Group raised BHP Group from a “hold” rating to a “buy” rating in a report on Monday, January 28th. Goldman Sachs Group lowered BHP Group from a “buy” rating to a “neutral” rating in a report on Tuesday, February 19th. Deutsche Bank raised BHP Group to a “buy” rating in a report on Thursday, December 20th. Finally, Societe Generale lowered BHP Group from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $55.40.

NYSE BHP traded down $0.75 on Monday, hitting $56.08. 63,412 shares of the stock traded hands, compared to its average volume of 2,337,938. BHP Group Ltd has a 12 month low of $43.19 and a 12 month high of $57.25. The firm has a market cap of $91.27 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 2.84 and a beta of 0.80. The company has a current ratio of 2.55, a quick ratio of 2.16 and a debt-to-equity ratio of 0.43.

The company also recently disclosed a special dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were issued a dividend of $1.10 per share. This represents a yield of 4.65%. The ex-dividend date was Thursday, March 7th. BHP Group’s dividend payout ratio (DPR) is 65.48%.

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About BHP Group

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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