BHP Group Limited (NYSE:BHP) Shares Sold by Hartford Funds Management Co LLC

Hartford Funds Management Co LLC lessened its holdings in shares of BHP Group Limited (NYSE:BHP) by 13.5% in the third quarter, Holdings Channel reports. The firm owned 7,594 shares of the mining company’s stock after selling 1,182 shares during the period. Hartford Funds Management Co LLC’s holdings in BHP Group were worth $472,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. SevenBridge Financial Group LLC boosted its holdings in BHP Group by 9.1% in the 3rd quarter. SevenBridge Financial Group LLC now owns 17,132 shares of the mining company’s stock worth $1,064,000 after acquiring an additional 1,436 shares during the period. Larson Financial Group LLC boosted its holdings in BHP Group by 594.2% in the 3rd quarter. Larson Financial Group LLC now owns 2,874 shares of the mining company’s stock worth $179,000 after acquiring an additional 2,460 shares during the period. Kingsview Wealth Management LLC boosted its holdings in BHP Group by 32.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 13,051 shares of the mining company’s stock worth $811,000 after acquiring an additional 3,201 shares during the period. Cerity Partners LLC boosted its holdings in BHP Group by 25.5% in the 3rd quarter. Cerity Partners LLC now owns 84,592 shares of the mining company’s stock worth $5,257,000 after acquiring an additional 17,191 shares during the period. Finally, Meridian Wealth Management LLC purchased a new position in BHP Group in the 3rd quarter worth approximately $294,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Trading Up 0.7 %

BHP stock opened at $52.36 on Friday. BHP Group Limited has a twelve month low of $50.90 and a twelve month high of $69.11. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The firm has a 50 day simple moving average of $56.46 and a 200-day simple moving average of $56.38.

BHP Group Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were given a dividend of $1.465 per share. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 5.2%. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a report on Monday, November 18th. Argus upgraded BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Finally, Jefferies Financial Group cut BHP Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $72.00 to $68.00 in a research note on Friday, October 4th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $68.00.

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.