King Luther Capital Management Corp Reduces Stock Holdings in BHP Group Limited (NYSE:BHP)

King Luther Capital Management Corp lessened its stake in shares of BHP Group Limited (NYSE:BHP) by 30.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,497 shares of the mining company’s stock after selling 5,955 shares during the period. King Luther Capital Management Corp’s holdings in BHP Group were worth $838,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BHP. Pinnacle West Asset Management Inc. boosted its position in shares of BHP Group by 2.6% during the second quarter. Pinnacle West Asset Management Inc. now owns 7,925 shares of the mining company’s stock valued at $452,000 after buying an additional 200 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of BHP Group by 0.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company’s stock worth $1,570,000 after acquiring an additional 202 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in BHP Group by 4.1% during the 3rd quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock valued at $317,000 after acquiring an additional 203 shares during the period. Huntington National Bank grew its position in BHP Group by 17.5% in the 3rd quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock valued at $85,000 after acquiring an additional 203 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC increased its stake in BHP Group by 1.1% in the second quarter. Moody Lynn & Lieberson LLC now owns 19,208 shares of the mining company’s stock worth $1,097,000 after purchasing an additional 208 shares during the period. 3.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

BHP Group Price Performance

Shares of BHP Group stock opened at $52.36 on Friday. BHP Group Limited has a 1 year low of $50.90 and a 1 year high of $69.11. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The firm’s 50-day moving average is $56.46 and its two-hundred day moving average is $56.38.

BHP Group Increases Dividend

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

BHP Group Profile

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.