Coldstream Capital Management Inc. Acquires 719 Shares of BHP Group Limited (NYSE:BHP)

by · The Markets Daily

Coldstream Capital Management Inc. increased its holdings in BHP Group Limited (NYSE:BHP – Free Report) by 17.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,819 shares of the mining company’s stock after purchasing an additional 719 shares during the quarter. Coldstream Capital Management Inc.’s holdings in BHP Group were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in BHP Group by 13.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 19,167 shares of the mining company’s stock worth $1,094,000 after purchasing an additional 2,292 shares in the last quarter. Raymond James & Associates grew its holdings in shares of BHP Group by 18.3% during the 2nd quarter. Raymond James & Associates now owns 350,465 shares of the mining company’s stock worth $20,008,000 after acquiring an additional 54,209 shares during the period. Nisa Investment Advisors LLC bought a new position in shares of BHP Group in the 2nd quarter worth approximately $74,000. First Horizon Advisors Inc. lifted its stake in shares of BHP Group by 51.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 5,749 shares of the mining company’s stock valued at $328,000 after purchasing an additional 1,941 shares during the period. Finally, Summit Global Investments bought a new stake in shares of BHP Group during the second quarter valued at approximately $5,236,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of BHP opened at $51.67 on Monday. The company has a market capitalization of $131.02 billion, a P/E ratio of 11.18 and a beta of 0.95. BHP Group Limited has a twelve month low of $50.90 and a twelve month high of $69.11. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average of $54.80 and a 200 day moving average of $55.65.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Argus raised BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Jefferies Financial Group downgraded BHP Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $72.00 to $68.00 in a report on Friday, October 4th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.00.

View Our Latest Report on BHP

BHP Group Profile

(Free Report)

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.

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