Callan Family Office LLC Acquires New Holdings in BHP Group Limited (NYSE:BHP)

Callan Family Office LLC acquired a new position in BHP Group Limited (NYSE:BHP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 53,476 shares of the mining company’s stock, valued at approximately $2,611,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sierra Ocean LLC acquired a new position in BHP Group during the fourth quarter worth about $29,000. Versant Capital Management Inc bought a new position in shares of BHP Group during the 4th quarter valued at about $40,000. Union Bancaire Privee UBP SA acquired a new position in shares of BHP Group in the 4th quarter worth approximately $46,000. Newbridge Financial Services Group Inc. acquired a new position in shares of BHP Group in the 4th quarter worth approximately $54,000. Finally, Rothschild Investment LLC raised its holdings in shares of BHP Group by 119.4% in the 4th quarter. Rothschild Investment LLC now owns 1,301 shares of the mining company’s stock worth $64,000 after purchasing an additional 708 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BHP shares. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Jefferies Financial Group decreased their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Finally, Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $53.00.

BHP Group Price Performance

BHP opened at $50.17 on Friday. The firm has a market capitalization of $127.23 billion, a P/E ratio of 11.40 and a beta of 0.95. The stock has a fifty day moving average of $49.86 and a 200-day moving average of $52.92. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group Limited has a 12-month low of $48.06 and a 12-month high of $63.21.

BHP Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be paid a $1.00 dividend. This represents a yield of 4.8%. The ex-dividend date of this dividend is Friday, March 7th. BHP Group’s dividend payout ratio is currently 44.77%.

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.