Callahan Advisors LLC Sells 9,435 Shares of BHP Group Limited (NYSE:BHP)

Callahan Advisors LLC lowered its holdings in BHP Group Limited (NYSE:BHP) by 14.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,712 shares of the mining company’s stock after selling 9,435 shares during the quarter. Callahan Advisors LLC’s holdings in BHP Group were worth $3,585,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Asset Dedication LLC increased its stake in BHP Group by 7,516.7% in the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after acquiring an additional 451 shares during the period. Eastern Bank bought a new stake in BHP Group in the third quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in BHP Group in the second quarter valued at about $27,000. Ashton Thomas Private Wealth LLC bought a new stake in BHP Group during the second quarter worth about $27,000. Finally, Sound Income Strategies LLC grew its stake in BHP Group by 124.6% during the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after buying an additional 294 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Argus raised shares of BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. 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, Jefferies Financial Group cut shares of BHP Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $72.00 to $68.00 in a research note on Friday, October 4th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, BHP Group currently has a consensus rating of “Moderate Buy” and an average price target of $68.00.

BHP Group Price Performance

Shares of BHP stock opened at $56.69 on Wednesday. BHP Group Limited has a 1 year low of $50.90 and a 1 year high of $69.11. The firm’s 50 day moving average is $56.41 and its 200-day moving average is $56.71. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38.

BHP Group Increases Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were given a dividend of $1.465 per share. This represents a dividend yield of 5.2%. 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.

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.