Wheaton Precious Metals Corp. $WPM Shares Sold by Equitable Trust Co.

Equitable Trust Co. cut its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 1.3% in the second quarter, Holdings Channel reports. The firm owned 41,476 shares of the company’s stock after selling 558 shares during the period. Equitable Trust Co.’s holdings in Wheaton Precious Metals were worth $3,725,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Bulwark Capital Corp acquired a new stake in Wheaton Precious Metals during the 2nd quarter valued at approximately $27,000. NBT Bank N A NY lifted its stake in Wheaton Precious Metals by 129.3% during the 1st quarter. NBT Bank N A NY now owns 415 shares of the company’s stock valued at $32,000 after acquiring an additional 234 shares during the period. Wealth Preservation Advisors LLC acquired a new position in shares of Wheaton Precious Metals in the 1st quarter valued at $38,000. Banque Cantonale Vaudoise acquired a new position in shares of Wheaton Precious Metals in the 1st quarter valued at $49,000. Finally, Penserra Capital Management LLC lifted its stake in shares of Wheaton Precious Metals by 1,812.8% in the 1st quarter. Penserra Capital Management LLC now owns 746 shares of the company’s stock valued at $57,000 after purchasing an additional 707 shares during the period. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Price Performance

NYSE WPM opened at $109.07 on Tuesday. The firm’s 50-day moving average is $102.70 and its two-hundred day moving average is $91.78. Wheaton Precious Metals Corp. has a 12 month low of $55.47 and a 12 month high of $114.00. The stock has a market capitalization of $49.51 billion, a P/E ratio of 63.05, a PEG ratio of 2.81 and a beta of 0.41.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05. The business had revenue of $503.22 million for the quarter, compared to analysts’ expectations of $424.23 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The business’s quarterly revenue was up 68.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share. As a group, analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared 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 annualized dividend 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 currently 38.15%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WPM. UBS Group boosted their target price on shares of Wheaton Precious Metals from $106.00 to $118.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. CIBC boosted their price target on shares of Wheaton Precious Metals from $135.00 to $160.00 and gave the stock an “outperformer” rating in a report on Friday. National Bankshares reissued an “outperform” rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. Berenberg Bank upped their target price on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Finally, Scotiabank upped their target price on shares of Wheaton Precious Metals from $108.00 to $109.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.50.

About Wheaton Precious Metals

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.