It has been a big week for Aussie investors with a large number of popular ASX shares releasing results.

Let’s see what Morgans is saying about three of these shares after reviewing their results.

BHP Group Ltd (ASX: BHP)

Morgans was pleased with BHP’s FY 2026 results, noting that it maintained a solid operating performance and benefitted from higher commodity prices.

However, due to its current valuation, the broker has downgraded BHP shares to a trim rating with a $55.30 price target. It said:

A solid FY26 result, with an upsized final dividend of US 99cps, against a share price that appears to already factor in more upside, we lower our rating to TRIM. Metal prices were a key driver, but BHP also maintained a solid operating performance on controllable factors against a tough backdrop in FY26.

CSL Ltd (ASX: CSL)

The broker notes that biotech giant CSL delivered a result broadly in line with expectations in FY 2026. 

It was particularly pleased to see that immunoglobulins demand has remained strong, the Seqirus business delivered seasonal influenza vaccine growth, and cost savings ahead of target.

In response, Morgans has retained its buy rating with a $187.71 price target. It commented:

The FY26 result was broadly in line with expectations, with revenue of US$15.8bn (+3% vs guidance) and underlying NPATA of US$3.1bn. Importantly, underlying Ig demand remains strong, Seqirus delivered seasonal influenza growth despite lower US immunisation rates and transformation savings reached US$176m ahead of target, although Vifor continues to face challenges. 

While FY27 targets flat top line growth, as Vifor remains a significant drag, the earnings trajectory is becoming increasingly skewed towards recovery, supported by stabilising plasma economics, cost-outs and improved commercial execution. We make modest changes to FY27-28 estimates and increase our blended DCF, PE and EV/EBITDA-based target price to A$187.71 on a multiple roll forward. BUY.

Hub24 Ltd (ASX: HUB)

Finally, Morgans was pleased with this investment platform provider’s FY 2026 results. 

It highlights that its EBITDA was up 30% and in line with expectations, while its net profit after tax was slightly ahead of estimates. 

Following a review of the results, Morgans has retained its accumulate rating with a $92.00 price target. It said:

HUB’s FY26 Group result was largely in line with expectations with underlying EBITDA of A$211.4m, up 30% on pcp, consistent with MorgansF/Consensus A$212m, and underlying NPAT of A$137.3m slightly ahead of MorgansF A$131.9m. Platform EBITDA however fell short of expectations due to slower revenue momentum in 2H26, which was outpaced by 2H26 Platform Opex growth. HUB’s FY28 FUA target of A$186-200bn points to FY28 net flows of ~A$18-19bn, however momentum through to Aug’26 appears to be running behind this due to elevated discretionary gross outflows. 

Whilst the timing of this roll-off remains uncertain, we see this as a near-term headwind and likely to abate, although it does suggest FY27 flows will track lower than FY26 (particularly vs. 1H26). Our EPS forecast moves by +/-1% in FY27-28F, which sees our price target revised to A$92.00/sh. We retain our Accumulate rating.

The post Buy, hold, sell: BHP, CSL, and HUB24 shares appeared first on The Motley Fool Australia.

More reading

• How much are CSL shares worth? 4 brokers have their say
• 3 ASX 200 shares I’d buy for the next decade
• Here are the top 10 ASX 200 shares today
• CSL shares: 1 number that investors shouldn’t ignore
• CSL shares rebound 79% from multi-year low: Here’s what brokers tip next

Motley Fool contributor James Mickleboro has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and Hub24. The Motley Fool Australia has recommended BHP Group, CSL, and Hub24. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The ASX dividend stock Hearts and Minds Investments Ltd (ASX: HM1) may not be one of the most famous passive income shares, but it offers numerous benefits.

The dividend yields of BHP Group Ltd (ASX: BHP) and Commonwealth Bank of Australia (ASX: CBA) are only around mid-single digits right now. Plus, both of those ASX blue-chip share heavyweights have reduced their payout to shareholders this decade.

Hearts and Minds Investments is a much better choice right now, in my view, than many other ASX dividend stocks.

Diversification

Firstly, let’s talk about how Hearts and Minds operates.

It’s a listed investment company (LIC), which means it uses shareholder money to invest in different shares (or assets).

Hearts and Minds is different from most other LICs because its portfolio is not decided by a single fund manager. Instead, a number of investment professionals are involved, all working so that the LIC can donate an equivalent amount to medical research – it’s a great setup.

The portfolio has a very significant slant to international shares, though in previous years some of its largest holdings have been ASX shares.

A majority of the portfolio is decided by a group of portfolio fund managers who bring their best picks into the picture. The rest of the portfolio is decided at an annual investment conference where investment professionals each pitch their best idea.

So, it’s a best-pick portfolio that can give investors broad exposure to international stocks, which I think most Australians could benefit from.

Volatility has hampered performance in recent times, but it has still delivered respectable returns over the last few years. Over the three years to July 2026, the ASX dividend stock’s portfolio has returned an average of 12% per year after expenses (but before taxes).

Reliable payouts

Given those investment returns, the LIC can pay investors a steadily growing dividend.

It started paying a dividend in 2021 and hasn’t reduced its payout in that time. Hearts and Minds started paying dividends every six months in 2023 and has increased its half-year payout each year since 2024.

The board of directors of the business have provided guidance that the LIC will increase its half-year dividend by 0.5 cents every six months for the foreseeable future.

Big dividend yield

Another reason to like this ASX dividend stock is its high dividend yield. Therefore, the business is providing a large and growing payout.

Assuming it does continue increasing its payout by 0.5 cents every six months, the business should pay 20.5 cents per share over the next 12 months.

At the time of writing, that translates into a grossed-up dividend yield of 9.6%, including franking credits.

The ASX dividend stock trades at a significant discount

One of the main reasons why the dividend yield is so large so because it’s trading at a significant discount to its underlying assets.

The business reported that its pre-tax net tangible assets (NTA) was $3.65 at 7 August 2026. That means the Hearts and Minds Investments share price is trading at a 16% discount (at the time of writing) to that pre-tax NTA.

Buying good ASX dividend stocks at a significant discount also means that we’re more likely to see capital growth.  

A $1,000 investment buys…

If someone were to invest $1,000 in this ASX dividend stock, they could buy 326 shares of it. I think that’d be a solid choice today, among other leading ideas for passive income.

The post $1,000 buys 326 shares in an incredibly reliable ASX dividend stock appeared first on The Motley Fool Australia.

More reading

• 2 ASX shares with dividend yields of 10%
• How much is needed in superannuation to target a $90,000 annual passive income?
• Get paid huge amounts of cash to own these ASX dividend shares
• How much is needed in superannuation to target a $7,000 monthly passive income?

Motley Fool contributor Tristan Harrison has positions in Hearts And Minds Investments. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Commonwealth bank of Australia (ASX: CBA) share price has headed lower in the past couple of weeks, as the chart below shows. This is a good time to look at whether the ASX bank share is primed to deliver good returns for investors.

CBA recently released its FY26 results, and investors got a good look at the numbers. It wasn’t enough to support the CBA share price, and the drop in home loan applications could be challenging for earnings growth in the 2027 financial year.

But at this lower valuation, experts may feel more confident about the potential for capital growth from here. Let’s take a look at what a $15,000 investment in CBA shares could do, which could currently buy 90 CBA shares at the time of writing (with $150 change left over).

CBA share price projection

A share price target indicates where the analyst believes the share price could go over the next 12 months.

According to CMC Invest, there have been eight ratings on ASX bank share in the last three months. All of them were sell ratings.

The average price target across those eight ratings was $122.33, according to CMC Invest, suggesting a possible 26% decline (at the time of writing) over the next 12 months. The most optimistic price target suggests a 12% decline to $144.99, while the most pessimistic implies a 45% decline to $90.

Of course, share price targets are not guaranteed future movements of the valuation, but it certainly doesn’t suggest a rosy outlook for the business.

Analysts aren’t disputing the quality of the ASX Bank share. But there is a widespread view that the CBA share price trades at a relatively high price/earnings (P/E) ratio compared to its peers, ANZ Group Holdings Ltd (ASX: ANZ), Westpac Banking Corp (ASX: WBC) and National Australia Bank Ltd (ASX: NAB).

Therefore, the CBA shares could become worth around $11,000, a drop of almost $4,000.

Commonwealth Bank dividend

The main positive for CBA shareholders is that the business could pay a slightly larger annual dividend per share in FY27.

According to the independent on Commsec, the ASX bank share could pay an annual dividend per share of $5.15 in FY27. At the time of writing, that translates into a dividend yield of 3.1%, excluding franking credits.

With 90 Commonwealth Bank shares, an investor could receive $463.50.

Potential shareholder return

Overall, those analyst projections imply the business could deliver a negative total shareholder return (TSR) of around 23%.

In other words, the starting $15,000 could decline in value to around $11,000 of CBA shares, $463 of dividend cash, and $150 of money not invested at the start.

At the current CBA share price, there seem to be better ideas out there.

The post By August 2027, CBA shares could turn $15,000 into… appeared first on The Motley Fool Australia.

More reading

• With $30 billion in FY26 income, should I buy CBA shares today?
• How much do I need in my superannuation to earn $50,000 per year in passive income?
• Here’s the dividend forecast out to 2028 for CBA shares
• A200 vs NDQ: one Betashares ETF is the clear winner
• Experts name 3 popular ASX 200 shares to sell today

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.