Violich Capital Management Inc. Raises Holdings in BHP Group Limited Sponsored ADR $BHP

Violich Capital Management Inc. grew its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 4.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 192,761 shares of the mining company’s stock after buying an additional 8,998 shares during the quarter. BHP Group accounts for approximately 1.3% of Violich Capital Management Inc.’s portfolio, making the stock its 18th biggest position. Violich Capital Management Inc.’s holdings in BHP Group were worth $10,746,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Fisher Asset Management LLC raised its holdings in BHP Group by 1.9% in the second quarter. Fisher Asset Management LLC now owns 22,842,252 shares of the mining company’s stock valued at $1,098,484,000 after acquiring an additional 429,330 shares in the last quarter. Norges Bank purchased a new stake in shares of BHP Group during the 2nd quarter worth $20,262,000. Townsend & Associates Inc lifted its position in shares of BHP Group by 66.6% during the 2nd quarter. Townsend & Associates Inc now owns 600,575 shares of the mining company’s stock worth $31,921,000 after purchasing an additional 240,075 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of BHP Group by 119.3% during the second quarter. Ameriprise Financial Inc. now owns 424,361 shares of the mining company’s stock worth $20,408,000 after purchasing an additional 230,848 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in BHP Group by 48.2% in the second quarter. Franklin Resources Inc. now owns 383,043 shares of the mining company’s stock valued at $18,421,000 after buying an additional 124,625 shares during the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Stock Down 1.7%

Shares of BHP opened at $64.91 on Monday. The company’s 50 day simple moving average is $58.95 and its 200-day simple moving average is $55.82. BHP Group Limited Sponsored ADR has a 12-month low of $39.73 and a 12-month high of $66.51. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, October 8th. Zacks Research raised BHP Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Finally, Argus raised shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Tuesday, December 30th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, BHP Group presently has an average rating of “Hold” and an average target price of $56.00.

BHP Group Company 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.