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% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,396 shares of the mining company’s stock after purchasing an additional 275 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in BHP Group were worth $708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of BHP. Allspring Global Investments Holdings LLC purchased a new position in shares of BHP Group in the first quarter worth $323,000. Principal Financial Group Inc. purchased a new position in shares of BHP Group in the first quarter worth $3,765,000. HB Wealth Management LLC lifted its holdings in shares of BHP Group by 43.9% in the first quarter. HB Wealth Management LLC now owns 4,344 shares of the mining company’s stock worth $251,000 after buying an additional 1,325 shares in the last quarter. Van ECK Associates Corp purchased a new position in shares of BHP Group in the first quarter worth $4,344,000. Finally, Wambolt & Associates LLC lifted its holdings in shares of BHP Group by 18.8% in the first quarter. Wambolt & Associates LLC now owns 48,654 shares of the mining company’s stock worth $2,839,000 after buying an additional 7,689 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors.

BHP Group Trading Down 1.3 %

Shares of BHP opened at $56.42 on Thursday. BHP Group Limited has a twelve month low of $50.90 and a twelve month high of $69.11. The company has a market cap of $142.91 billion, a P/E ratio of 11.95, a P/E/G ratio of 3.95 and a beta of 0.96. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The company’s fifty day simple moving average is $56.34 and its 200-day simple moving average is $56.77.

BHP Group Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were issued a $1.465 dividend. The ex-dividend date of this dividend was Friday, September 13th. This is a boost from BHP Group’s previous Semi-Annual dividend of $1.44. This represents a dividend yield of 5.2%. BHP Group’s dividend payout ratio is presently 62.08%.

Wall Street Analyst Weigh In

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

About BHP Group

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.