Townsend & Associates Inc Has $34.34 Million Position in BHP Group Limited Sponsored ADR $BHP

Townsend & Associates Inc increased its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 2.9% during the third quarter, Holdings Channel reports. The institutional investor owned 617,773 shares of the mining company’s stock after purchasing an additional 17,198 shares during the period. BHP Group comprises about 3.3% of Townsend & Associates Inc’s portfolio, making the stock its 10th largest holding. Townsend & Associates Inc’s holdings in BHP Group were worth $34,342,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Caldwell Trust Co acquired a new position in shares of BHP Group during the second quarter worth approximately $31,000. Hilltop National Bank bought a new stake in BHP Group during the 2nd quarter valued at $32,000. Salomon & Ludwin LLC raised its holdings in BHP Group by 3,040.9% during the third quarter. Salomon & Ludwin LLC now owns 691 shares of the mining company’s stock worth $38,000 after buying an additional 669 shares during the last quarter. True Wealth Design LLC increased its position in shares of BHP Group by 229.7% during the third quarter. True Wealth Design LLC now owns 755 shares of the mining company’s stock worth $42,000 after acquiring an additional 526 shares in the last quarter. Finally, NewSquare Capital LLC raised its holdings in shares of BHP Group by 249.8% in the 2nd quarter. NewSquare Capital LLC now owns 871 shares of the mining company’s stock worth $42,000 after acquiring an additional 622 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BHP. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, October 8th. Zacks Research upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Finally, Argus raised BHP Group from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, BHP Group presently has an average rating of “Hold” and an average target price of $55.00.

BHP Group Stock Performance

BHP Group stock opened at $61.72 on Friday. BHP Group Limited Sponsored ADR has a 52 week low of $39.73 and a 52 week high of $62.01. The company’s 50 day moving average price is $57.40 and its two-hundred day moving average price is $54.59. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.11.

BHP Group Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.