Pathway Financial Advisers LLC Buys 259,022 Shares of BHP Group Limited (NYSE:BHP)

Pathway Financial Advisers LLC increased its holdings in shares of BHP Group Limited (NYSE:BHP) by 5,577.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 263,666 shares of the mining company’s stock after acquiring an additional 259,022 shares during the quarter. Pathway Financial Advisers LLC’s holdings in BHP Group were worth $16,376,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of BHP. Asset Dedication LLC grew its stake in BHP Group by 7,516.7% during the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock worth $26,000 after buying an additional 451 shares in the last quarter. Eastern Bank acquired a new stake in shares of BHP Group in the 3rd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of BHP Group in the 2nd quarter valued at approximately $27,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of BHP Group in the 2nd quarter valued at approximately $27,000. Finally, Sound Income Strategies LLC boosted its stake 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 in the last quarter. 3.79% of the stock is owned by institutional investors.

BHP Group Stock Up 0.0 %

BHP Group stock opened at $57.14 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group Limited has a 52-week low of $50.90 and a 52-week high of $69.11. The firm has a 50 day moving average price of $56.32 and a two-hundred day moving average price of $56.78. The firm has a market cap of $144.72 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 3.95 and a beta of 0.96.

BHP Group Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th were issued a dividend of $1.465 per share. This is a positive change 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 yield of 5.2%. BHP Group’s dividend payout ratio (DPR) is presently 62.08%.

Analyst Upgrades and Downgrades

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

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