Forum Financial Management LP Has $3.22 Million Position in BHP Group Limited Sponsored ADR $BHP

Forum Financial Management LP lowered its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 10.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,939 shares of the mining company’s stock after selling 7,675 shares during the period. Forum Financial Management LP’s holdings in BHP Group were worth $3,219,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Costello Asset Management INC bought a new stake in BHP Group during the 1st quarter worth about $26,000. Alpine Bank Wealth Management bought a new stake in BHP Group during the 1st quarter worth about $27,000. Hilltop National Bank bought a new stake in BHP Group during the 2nd quarter worth about $32,000. Raleigh Capital Management Inc. bought a new stake in BHP Group during the 2nd quarter worth about $58,000. Finally, Flaharty Asset Management LLC bought a new stake in BHP Group during the 1st quarter worth about $73,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Ratings Changes

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

BHP Group Price Performance

NYSE BHP opened at $55.72 on Thursday. The business has a 50 day simple moving average of $54.92 and a 200 day simple moving average of $51.23. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $58.51. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. The stock has a market cap of $141.40 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 3.96 and a beta of 0.80.

BHP Group Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were paid a $1.185 dividend. This is a boost from BHP Group’s previous semi-annual dividend of $1.00. This represents a dividend yield of 441.0%. The ex-dividend date of this dividend was Friday, September 5th. BHP Group’s dividend payout ratio (DPR) is 53.86%.

BHP Group Company 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.