AlphaCore Capital LLC Boosts Holdings in BHP Group Limited Sponsored ADR $BHP

AlphaCore Capital LLC raised its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 1,782.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,335 shares of the mining company’s stock after purchasing an additional 16,414 shares during the period. AlphaCore Capital LLC’s holdings in BHP Group were worth $966,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Caldwell Trust Co purchased a new stake in shares of BHP Group in the second quarter worth $31,000. Salomon & Ludwin LLC increased its stake in BHP Group by 3,040.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 691 shares of the mining company’s stock worth $38,000 after acquiring an additional 669 shares during the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of BHP Group by 68.9% in the 3rd quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock valued at $39,000 after acquiring an additional 284 shares in the last quarter. NewSquare Capital LLC boosted its position in shares of BHP Group by 249.8% during the 2nd quarter. NewSquare Capital LLC now owns 871 shares of the mining company’s stock valued at $42,000 after acquiring an additional 622 shares during the last quarter. Finally, True Wealth Design LLC boosted its position in shares of BHP Group by 229.7% during the 3rd quarter. True Wealth Design LLC now owns 755 shares of the mining company’s stock valued at $42,000 after acquiring an additional 526 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

Shares of BHP Group stock opened at $81.54 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $82.34. The company’s 50 day moving average price is $68.43 and its 200-day moving average price is $60.06.

BHP Group Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, March 26th. Shareholders of record on Friday, March 6th will be issued a $1.46 dividend. This represents a yield of 399.0%. The ex-dividend date of this dividend is Friday, March 6th.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BHP shares. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a research note on Tuesday, February 10th. Argus raised shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Tuesday, December 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BHP Group in a report on Wednesday, February 18th. Zacks Research upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Finally, Wall Street Zen upgraded BHP Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $56.00.

BHP Group Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.