Schwartz Investment Counsel Inc. Grows Stock Position in Wheaton Precious Metals Corp. $WPM

Schwartz Investment Counsel Inc. lifted its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 273,000 shares of the company’s stock after acquiring an additional 5,000 shares during the period. Schwartz Investment Counsel Inc. owned approximately 0.06% of Wheaton Precious Metals worth $24,515,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Stratos Wealth Partners LTD. boosted its holdings in shares of Wheaton Precious Metals by 4.0% in the second quarter. Stratos Wealth Partners LTD. now owns 17,979 shares of the company’s stock worth $1,615,000 after acquiring an additional 696 shares during the period. Astoria Portfolio Advisors LLC. boosted its holdings in shares of Wheaton Precious Metals by 12.3% in the second quarter. Astoria Portfolio Advisors LLC. now owns 8,865 shares of the company’s stock worth $833,000 after acquiring an additional 974 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of Wheaton Precious Metals by 44.9% in the second quarter. Sequoia Financial Advisors LLC now owns 7,813 shares of the company’s stock worth $702,000 after acquiring an additional 2,421 shares during the period. Yousif Capital Management LLC boosted its holdings in shares of Wheaton Precious Metals by 8.3% in the second quarter. Yousif Capital Management LLC now owns 6,220 shares of the company’s stock worth $559,000 after acquiring an additional 475 shares during the period. Finally, MGO One Seven LLC boosted its holdings in shares of Wheaton Precious Metals by 9.1% in the second quarter. MGO One Seven LLC now owns 19,073 shares of the company’s stock worth $1,713,000 after acquiring an additional 1,588 shares during the period. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Stock Performance

NYSE:WPM opened at $105.41 on Tuesday. The stock has a fifty day moving average of $103.66 and a 200 day moving average of $92.90. Wheaton Precious Metals Corp. has a 52-week low of $55.47 and a 52-week high of $114.36. The firm has a market capitalization of $47.85 billion, a price-to-earnings ratio of 60.93, a P/E/G ratio of 1.91 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. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The firm had revenue of $503.22 million during the quarter, compared to analyst estimates of $424.23 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue was up 68.2% compared to the same quarter last year. Equities analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

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

Analyst Ratings Changes

WPM has been the subject of a number of analyst reports. Berenberg Bank raised their price target on Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Scotiabank raised their price target on Wheaton Precious Metals from $108.00 to $109.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 12th. National Bankshares reissued an “outperform” rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. UBS Group lifted their price objective on Wheaton Precious Metals from $118.00 to $122.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Bank of America lifted their price objective on Wheaton Precious Metals from $127.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. One research 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.89.

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.