RWA Wealth Partners LLC Invests $297,000 in BHP Group Limited (NYSE:BHP)

RWA Wealth Partners LLC purchased a new position in shares of BHP Group Limited (NYSE:BHP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,350 shares of the mining company’s stock, valued at approximately $297,000.

Other institutional investors have also modified their holdings of the company. Cape Investment Advisory Inc. raised its holdings in shares of BHP Group by 37.4% during the 3rd quarter. Cape Investment Advisory Inc. now owns 639 shares of the mining company’s stock worth $36,000 after acquiring an additional 174 shares during the period. Compagnie Lombard Odier SCmA purchased a new position in shares of BHP Group during the 3rd quarter worth $37,000. NBC Securities Inc. purchased a new position in shares of BHP Group during the 3rd quarter worth $41,000. GHP Investment Advisors Inc. purchased a new position in shares of BHP Group during the 3rd quarter worth $44,000. Finally, Headinvest LLC purchased a new stake in BHP Group in the 3rd quarter valued at about $52,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports 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. Citigroup upgraded shares of BHP Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 14th. Finally, Liberum Capital restated a “hold” rating on shares of BHP Group in a report on Tuesday, March 5th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, BHP Group currently has a consensus rating of “Hold” and an average target price of $50.00.

BHP Group Price Performance

NYSE BHP opened at $57.21 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average of $57.93 and a two-hundred day moving average of $60.20. BHP Group Limited has a 1-year low of $54.28 and a 1-year high of $69.11.

BHP Group Cuts Dividend

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

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.