Whittier Trust Co. Has $531,000 Stock Holdings in BHP Group Limited (NYSE:BHP)

Whittier Trust Co. reduced its position in shares of BHP Group Limited (NYSE:BHP) by 11.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,306 shares of the mining company’s stock after selling 1,225 shares during the period. Whittier Trust Co.’s holdings in BHP Group were worth $531,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Shorepath Capital Management LLC bought a new stake in BHP Group during the 4th quarter worth approximately $4,354,000. Moran Wealth Management LLC raised its holdings in shares of BHP Group by 10.3% in the fourth quarter. Moran Wealth Management LLC now owns 449,667 shares of the mining company’s stock valued at $30,717,000 after buying an additional 42,021 shares during the last quarter. Addenda Capital Inc. grew its holdings in BHP Group by 27.1% during the 1st quarter. Addenda Capital Inc. now owns 112,562 shares of the mining company’s stock worth $6,494,000 after acquiring an additional 23,968 shares during the last quarter. Virtu Financial LLC bought a new position in shares of BHP Group in the first quarter worth about $1,953,000. Finally, Townsend & Associates Inc grew its stake in shares of BHP Group by 61.6% during the fourth quarter. Townsend & Associates Inc now owns 236,437 shares of the mining company’s stock valued at $14,699,000 after purchasing an additional 90,105 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Trading Up 1.2 %

Shares of BHP traded up $0.64 during trading hours on Thursday, reaching $55.06. The stock had a trading volume of 1,027,857 shares, compared to its average volume of 2,437,587. The company has a market cap of $139.46 billion, a P/E ratio of 10.55, a P/E/G ratio of 3.45 and a beta of 0.98. BHP Group Limited has a 52 week low of $51.73 and a 52 week high of $69.11. The company has a quick ratio of 1.22, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average of $55.80 and a 200 day moving average of $57.28.

BHP Group Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th will be issued a dividend of $1.465 per share. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date is Friday, September 13th. BHP Group’s dividend payout ratio (DPR) is 56.35%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Citigroup initiated coverage on shares of BHP Group in a research note on Friday, May 31st. They set a “buy” rating for the company. Finally, Barclays restated an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.00.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.