Fisher Asset Management LLC has recently announced that it has increased stake in BHP Group Limited ADR (NYSE:BHP) by 4.05%. After grabbing 19.31 million shares, the institutional investor is now in possession of 0.75 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 0.76% having worth around $1.18 billion. Moreover, Dimensional Fund Advisors LP increased its share by 0.14 million to have a control over 4.26 million shares. And Parametric Portfolio Associates L raised its holdings to 99620.0 shares by acquiring 3.35 million shares or 0.13% of the stake.
BHP Group Limited ADR (BHP) concluded trading on 01/10/24 at a closing price of $63.67, with 2.95 million shares of worth about $187.56 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.89% during that period and on Wednesday the price saw a loss of about -1.44%. Currently the company’s common shares owned by public are about 2.53B shares, out of which, 2.53B shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 24 analysts are covering the BHP stock and their offered price forecasts bring an average price target of $32.72. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $40.64 and could fall to a lowest price of $25.96. The stock’s current price level is 2.75% above of average price target set by the analysts, while a rise to estimated low would result in loss of -145.26% for the stock. However, touching the estimated high of $40.64 would mean a loss of -56.67% for the stock.
Government Pension Fund – Global, Harding Loevner International Equ, and Hartford Dividend & Growth Fund are the top 3 mutual funds which are holding stakes in BHP Group Limited ADR Government Pension Fund – Global is currently holding 37.0 million shares of worth totaling $2.26 billion. The company recently came buying 33.9 million shares which brought its stake up to 1.46% of the company’s outstanding shares. Harding Loevner International Equ sold -0.34 million shares, after which its hold over company’s outstanding shares shrunk to 0.20%, leaving 4.98 million shares with the mutual fund that have a worth of about $303.83 million. Hartford Dividend & Growth Fund, after buying 2.97 million shares, have now control over 0.12% of the stake in the company. It holds 0.0 shares of worth $181.01 million.
BHP Group Limited ADR (NYSE: BHP) started trading at $63.92, below -$0.68 from concluding price of the previous day. However, the stock later moved at a day high price of 64.28, or with a loss of -1.44%. Stock saw a price change of -5.22% in past 5 days and over the past one month there was a price change of 1.94%. Year-to-date (YTD), BHP shares are showing a performance of -6.79% which decreased to -2.97% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $54.28 but also hit the highest price of $71.52 during that period. The average intraday trading volume for BHP Group Limited ADR shares is 2.31 million. The stock is currently trading -4.03% below its 20-day simple moving average (SMA20), while that difference is up 1.72% for SMA50 and it goes to 6.61% higher than SMA200.
Fisher Asset Management LLC acquired 19.31 million shares of BHP Group Limited ADR having value of about $1.18 billion. Data submitted at the U.S SEC by Fisher Asset Management LLC revealed that the firm now holds 0.75 million shares in the company valued at close to $47850742.81, or have control over 4.05% stake in the company. BHP Group Limited ADR (NYSE: BHP) currently have 2.53B outstanding shares and institutions hold larger chunk of about 3.60% of that. Holding of mutual funds in the company is about 1.37% while other institutional holders and individual stake holders have control over 2.21% and — of the stake respectively.
The stock has a current market capitalization of $161.32B and its 3Y-monthly beta is at 1.11. PE ratio of stock for trailing 12 months is 12.53, while it has posted earnings per share of $5.08 in the same period. It has Quick Ratio of 0.95 while making debt-to-equity ratio of 0.50. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BHP, volatility over the week remained 1.18% while standing at 1.26% over the month.
Analysts are in expectations that BHP Group Limited ADR (BHP) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 7.41% while it is estimated to decrease by -7.63% in next year. EPS is likely to shrink at an annualized rate of -11.20% for next 5-years, compared to annual growth of 29.67% made by the stock over the past 5-years.
Analysts at 24 brokerage firms have issued recommendations for the BHP Group Limited ADR (BHP)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.29. Out of those 24 Wall Street analysts, 10 recommended a “Buy” rating, while 11 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
