U.S. Capital Wealth Advisors LLC Has $5.14 Million Stake in Wheaton Precious Metals Corp. $WPM

U.S. Capital Wealth Advisors LLC reduced its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 34.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,233 shares of the company’s stock after selling 29,649 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Wheaton Precious Metals were worth $5,140,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in WPM. Pacer Advisors Inc. boosted its position in Wheaton Precious Metals by 2.9% in the first quarter. Pacer Advisors Inc. now owns 4,144 shares of the company’s stock valued at $322,000 after buying an additional 117 shares in the last quarter. Asahi Life Asset Management CO. LTD. boosted its holdings in shares of Wheaton Precious Metals by 2.8% during the 1st quarter. Asahi Life Asset Management CO. LTD. now owns 5,070 shares of the company’s stock valued at $393,000 after acquiring an additional 140 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of Wheaton Precious Metals by 2.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 6,737 shares of the company’s stock valued at $523,000 after acquiring an additional 140 shares in the last quarter. Continuum Advisory LLC grew its position in Wheaton Precious Metals by 9.0% during the 1st quarter. Continuum Advisory LLC now owns 1,823 shares of the company’s stock worth $142,000 after acquiring an additional 151 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in Wheaton Precious Metals by 2.9% in the 1st quarter. Allworth Financial LP now owns 5,715 shares of the company’s stock worth $470,000 after purchasing an additional 161 shares in the last quarter. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Trading Down 0.1%

Shares of NYSE WPM opened at $107.53 on Tuesday. The firm has a market capitalization of $48.81 billion, a P/E ratio of 62.15, a P/E/G ratio of 2.91 and a beta of 0.42. The firm’s 50-day moving average price is $97.86 and its 200-day moving average price is $88.22. Wheaton Precious Metals Corp. has a 1-year low of $55.47 and a 1-year high of $109.67.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.58 by $0.05. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The company had revenue of $503.22 million during the quarter, compared to the consensus estimate of $424.23 million. During the same period last year, the business posted $0.33 EPS. The firm’s revenue for the quarter was up 68.2% compared to the same quarter last year. Equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 21st. Wheaton Precious Metals’s dividend payout ratio is presently 38.15%.

Analyst Ratings Changes

A number of brokerages have recently commented on WPM. Wall Street Zen raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research note on Monday, September 8th. National Bankshares reiterated an “outperform” rating on shares of Wheaton Precious Metals in a research report on Tuesday, June 24th. BMO Capital Markets reissued an “outperform” rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. Raymond James Financial raised their price target on shares of Wheaton Precious Metals from $112.00 to $114.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Finally, Royal Bank Of Canada lifted their price target on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Wheaton Precious Metals presently has an average rating of “Moderate Buy” and a consensus price target of $102.78.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.