Violich Capital Management Inc. Sells 26,730 Shares of BHP Group Limited Sponsored ADR $BHP

Violich Capital Management Inc. lessened its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 12.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 183,763 shares of the mining company’s stock after selling 26,730 shares during the quarter. BHP Group accounts for 1.2% of Violich Capital Management Inc.’s investment portfolio, making the stock its 21st biggest position. Violich Capital Management Inc.’s holdings in BHP Group were worth $8,837,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in BHP. GAMMA Investing LLC increased its position in shares of BHP Group by 81.4% in the first quarter. GAMMA Investing LLC now owns 2,899 shares of the mining company’s stock valued at $141,000 after acquiring an additional 1,301 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of BHP Group by 0.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 73,080 shares of the mining company’s stock valued at $3,547,000 after acquiring an additional 521 shares during the period. Sowell Financial Services LLC purchased a new position in shares of BHP Group in the first quarter valued at about $280,000. CWA Asset Management Group LLC purchased a new position in shares of BHP Group in the first quarter valued at about $517,000. Finally, Avior Wealth Management LLC increased its position in shares of BHP Group by 106.1% in the first quarter. Avior Wealth Management LLC now owns 10,895 shares of the mining company’s stock valued at $529,000 after acquiring an additional 5,609 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, October 8th. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research report on Wednesday, August 20th. Macquarie lowered shares of BHP Group from an “outperform” rating to a “neutral” rating in a research note on Friday, July 18th. Berenberg Bank reissued a “sell” rating and set a $44.00 price objective on shares of BHP Group in a research note on Thursday, July 24th. Finally, BMO Capital Markets lowered shares of BHP Group from an “outperform” rating to a “market perform” rating in a research note on Sunday, July 27th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $48.50.

BHP Group Stock Down 1.3%

BHP opened at $55.57 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average price of $54.79 and a 200-day moving average price of $51.03. BHP Group Limited Sponsored ADR has a twelve month low of $39.73 and a twelve month high of $58.51. The stock has a market capitalization of $141.04 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 4.03 and a beta of 0.80.

BHP Group Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were issued a dividend of $1.185 per share. This is an increase from BHP Group’s previous semi-annual dividend of $1.00. This represents a yield of 441.0%. The ex-dividend date of this dividend was Friday, September 5th. BHP Group’s dividend payout ratio is currently 53.86%.

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.