Nicholas Hoffman & Company LLC. Purchases 275 Shares of BHP Group Limited (NYSE:BHP)

Nicholas Hoffman & Company LLC. grew its position in BHP Group Limited (NYSE:BHP) by 2.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,396 shares of the mining company’s stock after buying an additional 275 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in BHP Group were worth $708,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Asset Dedication LLC boosted its holdings in shares of BHP Group by 7,516.7% in the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after buying an additional 451 shares in the last quarter. Eastern Bank purchased a new position in shares of BHP Group in the 3rd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of BHP Group in the 2nd quarter valued at approximately $27,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of BHP Group in the 2nd quarter valued at approximately $27,000. Finally, Sound Income Strategies LLC raised its position in shares of BHP Group by 124.6% in the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after purchasing an additional 294 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on BHP. Argus raised shares of BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Finally, Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $72.00 to $68.00 in a research report on Friday, October 4th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

BHP Group Price Performance

Shares of NYSE BHP opened at $56.42 on Thursday. The stock has a market capitalization of $142.91 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 3.95 and a beta of 0.96. BHP Group Limited has a 12 month low of $50.90 and a 12 month high of $69.11. The firm’s 50 day simple moving average is $56.34 and its 200-day simple moving average is $56.77. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29.

BHP Group Increases Dividend

The company 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. This is a boost from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 5.2%. BHP Group’s dividend payout ratio (DPR) is presently 62.08%.

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.