3,393 Shares in BHP Group Limited (NYSE:BHP) Acquired by Franklin Parlapiano Turner & Welch LLC

Franklin Parlapiano Turner & Welch LLC acquired a new stake in BHP Group Limited (NYSE:BHP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,393 shares of the mining company’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Eastern Bank bought a new position in shares of BHP Group in the third quarter valued at about $26,000. Asset Dedication LLC raised its stake in shares of BHP Group by 7,516.7% in the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock worth $26,000 after acquiring an additional 451 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of BHP Group during the second quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of BHP Group during the second quarter worth approximately $27,000. Finally, Sound Income Strategies LLC grew its stake in shares of BHP Group by 124.6% during the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after purchasing an additional 294 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BHP shares. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Jefferies Financial Group cut BHP Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $72.00 to $68.00 in a report on Friday, October 4th. Finally, Argus upgraded BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.00.

BHP Group Stock Performance

Shares of BHP Group stock opened at $55.74 on Thursday. BHP Group Limited has a 52 week low of $50.90 and a 52 week high of $69.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The stock has a market capitalization of $141.17 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 3.95 and a beta of 0.96. The firm has a fifty day moving average of $56.06 and a two-hundred day moving average of $56.88.

BHP Group Increases Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th were paid a $1.465 dividend. This is a positive change from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date was Friday, September 13th. This represents a yield of 5.2%. BHP Group’s dividend payout ratio is presently 62.08%.

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