US Bancorp DE Sells 9,294 Shares of BHP Group Limited (NYSE:BHP)

US Bancorp DE lowered its holdings in BHP Group Limited (NYSE:BHP) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 269,054 shares of the mining company’s stock after selling 9,294 shares during the quarter. US Bancorp DE’s holdings in BHP Group were worth $18,379,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its holdings in shares of BHP Group by 6,529.2% in the 4th quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock worth $31,749,000 after buying an additional 457,760 shares in the last quarter. Moran Wealth Management LLC lifted its holdings in shares of BHP Group by 10.3% during the fourth quarter. Moran Wealth Management LLC now owns 449,667 shares of the mining company’s stock valued at $30,717,000 after acquiring an additional 42,021 shares during the period. XY Capital Ltd boosted its stake in shares of BHP Group by 422.1% in the 4th quarter. XY Capital Ltd now owns 127,566 shares of the mining company’s stock valued at $8,714,000 after purchasing an additional 103,134 shares in the last quarter. Morgan Stanley grew its holdings in shares of BHP Group by 2.8% in the 3rd quarter. Morgan Stanley now owns 4,695,563 shares of the mining company’s stock worth $267,084,000 after purchasing an additional 126,643 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of BHP Group by 44.7% during the 3rd quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock worth $170,274,000 after purchasing an additional 924,202 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of NYSE BHP opened at $59.63 on Friday. BHP Group Limited has a 1-year low of $54.28 and a 1-year high of $69.11. The company has a 50-day moving average of $58.06 and a two-hundred day moving average of $60.34. The company has a quick ratio of 1.22, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

Analyst Ratings Changes

BHP has been the topic of a number of recent analyst reports. Citigroup upgraded shares of BHP Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 14th. Liberum Capital restated a “hold” rating on shares of BHP Group in a research report on Tuesday, March 5th. Finally, StockNews.com downgraded BHP Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $50.00.

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