Pinnacle Wealth Planning Services Inc. Has $225,000 Holdings in BHP Group Limited (NYSE:BHP)

Pinnacle Wealth Planning Services Inc. trimmed its position in BHP Group Limited (NYSE:BHP) by 38.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,617 shares of the mining company’s stock after selling 2,835 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in BHP Group were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of BHP Group by 93.7% during the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company’s stock worth $14,042,000 after acquiring an additional 109,337 shares during the period. FMR LLC raised its position in BHP Group by 10.0% in the third quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock worth $89,092,000 after purchasing an additional 129,908 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in BHP Group by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock worth $37,271,000 after purchasing an additional 55,095 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in BHP Group by 17.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company’s stock valued at $9,513,000 after purchasing an additional 22,677 shares in the last quarter. Finally, XY Capital Ltd grew its stake in shares of BHP Group by 503.6% in the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after purchasing an additional 768,972 shares during the period. 3.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on BHP. Jefferies Financial Group cut their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $53.00.

BHP Group Stock Down 1.0 %

Shares of BHP opened at $50.17 on Friday. The company has a market capitalization of $127.23 billion, a P/E ratio of 11.40 and a beta of 0.95. BHP Group Limited has a one year low of $48.06 and a one year high of $63.21. The business’s 50 day simple moving average is $49.86 and its 200-day simple moving average is $52.92. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25.

BHP Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be paid a $1.00 dividend. This represents a yield of 4.8%. The ex-dividend date of this dividend is Friday, March 7th. BHP Group’s dividend payout ratio is currently 44.77%.

About BHP Group

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