BHP Group Limited (NYSE:BHP) Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC lowered its position in shares of BHP Group Limited (NYSE:BHP) by 6.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,969 shares of the mining company’s stock after selling 1,245 shares during the period. Checchi Capital Advisers LLC’s holdings in BHP Group were worth $829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in BHP. Sierra Ocean LLC acquired a new stake in BHP Group in the 4th quarter valued at approximately $29,000. Versant Capital Management Inc acquired a new stake in BHP Group in the 4th quarter valued at approximately $40,000. Union Bancaire Privee UBP SA acquired a new stake in BHP Group in the 4th quarter valued at approximately $46,000. Farmers & Merchants Investments Inc. acquired a new stake in BHP Group in the 3rd quarter valued at approximately $50,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in BHP Group in the 4th quarter valued at approximately $54,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Jefferies Financial Group dropped their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, BHP Group presently has an average rating of “Moderate Buy” and a consensus price target of $53.00.

BHP Group Stock Performance

NYSE:BHP opened at $50.20 on Thursday. The company has a fifty day simple moving average of $49.81 and a two-hundred day simple moving average of $53.09. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. BHP Group Limited has a 52 week low of $48.06 and a 52 week high of $63.21.

BHP Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 7th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a dividend yield of 4.8%.

BHP Group 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.