Gallacher Capital Management LLC Cuts Stock Position in BHP Group Limited (NYSE:BHP)

Gallacher Capital Management LLC trimmed its holdings in BHP Group Limited (NYSE:BHP) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,823 shares of the mining company’s stock after selling 261 shares during the period. Gallacher Capital Management LLC’s holdings in BHP Group were worth $466,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Cape Investment Advisory Inc. lifted its stake in BHP Group by 37.4% in the 3rd quarter. Cape Investment Advisory Inc. now owns 639 shares of the mining company’s stock worth $36,000 after purchasing an additional 174 shares in the last quarter. NBC Securities Inc. bought a new position in BHP Group during the third quarter valued at approximately $41,000. Headinvest LLC bought a new position in BHP Group during the third quarter valued at approximately $52,000. Parkside Financial Bank & Trust grew its holdings in BHP Group by 22.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 894 shares of the mining company’s stock valued at $61,000 after buying an additional 165 shares in the last quarter. Finally, Anchor Investment Management LLC bought a new stake in BHP Group in the 4th quarter worth approximately $68,000. Institutional investors own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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

BHP Group Stock Up 1.2 %

Shares of BHP stock traded up $0.68 during trading hours on Friday, reaching $56.26. 2,087,955 shares of the stock were exchanged, compared to its average volume of 2,873,469. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.22. BHP Group Limited has a 12-month low of $54.28 and a 12-month high of $69.11. The company’s 50-day moving average price is $57.57 and its 200-day moving average price is $60.19.

BHP Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were paid a $1.44 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a yield of 5.2%.

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