Baird Financial Group Inc. bought a new position in BHP Billiton plc (NYSE:BBL) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,675 shares of the mining company’s stock, valued at approximately $345,000.
Other hedge funds have also added to or reduced their stakes in the company. SevenBridge Financial Group LLC purchased a new stake in BHP Billiton in the fourth quarter worth $105,000. Icon Wealth Partners LLC purchased a new position in shares of BHP Billiton during the fourth quarter valued at $138,000. Premia Global Advisors LLC purchased a new position in shares of BHP Billiton during the fourth quarter valued at $221,000. MML Investors Services LLC purchased a new position in shares of BHP Billiton during the fourth quarter valued at $345,000. Finally, Canandaigua National Bank & Trust Co. purchased a new position in shares of BHP Billiton during the first quarter valued at $366,000. Institutional investors and hedge funds own 4.54% of the company’s stock.
Shares of BHP Billiton stock opened at $44.29 on Monday. The firm has a market cap of $45.68 billion, a PE ratio of 17.51, a PEG ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.40 and a current ratio of 1.75. BHP Billiton plc has a 12 month low of $29.11 and a 12 month high of $47.92.
BBL has been the topic of several research reports. Bank of America lowered BHP Billiton from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 5th. ValuEngine lowered BHP Billiton from a “buy” rating to a “hold” rating in a research note on Friday, June 1st. Deutsche Bank upgraded BHP Billiton from a “hold” rating to a “buy” rating in a research note on Wednesday, April 11th. Jefferies Financial Group restated a “hold” rating and set a $38.00 price target on shares of BHP Billiton in a research note on Monday, April 9th. Finally, Royal Bank of Canada upgraded BHP Billiton from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 3rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. BHP Billiton currently has a consensus rating of “Buy” and an average target price of $44.00.
BHP Billiton Profile
BHP Billiton Plc, together with its subsidiaries, discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company explores for copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical coal, thermal energy coal, and oil and gas properties.
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