Wheaton Precious Metals Corp. $WPM Shares Sold by Stephens Inc. AR

Stephens Inc. AR lowered its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 2.7% in the second quarter, HoldingsChannel.com reports. The firm owned 8,964 shares of the company’s stock after selling 247 shares during the quarter. Stephens Inc. AR’s holdings in Wheaton Precious Metals were worth $805,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Wheaton Precious Metals by 1.8% during the first quarter. Vanguard Group Inc. now owns 17,996,858 shares of the company’s stock worth $1,396,556,000 after purchasing an additional 324,340 shares in the last quarter. TD Asset Management Inc grew its stake in shares of Wheaton Precious Metals by 5.0% during the first quarter. TD Asset Management Inc now owns 7,512,351 shares of the company’s stock worth $582,876,000 after purchasing an additional 355,533 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Wheaton Precious Metals by 10.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company’s stock worth $393,800,000 after purchasing an additional 470,651 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Wheaton Precious Metals by 5.0% in the first quarter. JPMorgan Chase & Co. now owns 3,060,056 shares of the company’s stock valued at $237,552,000 after acquiring an additional 144,782 shares in the last quarter. Finally, Amundi boosted its stake in Wheaton Precious Metals by 33.2% in the first quarter. Amundi now owns 2,745,947 shares of the company’s stock valued at $215,557,000 after acquiring an additional 683,674 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analysts Set New Price Targets

WPM has been the subject of several research analyst reports. Berenberg Bank upped their price objective on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, September 12th. CIBC upped their price objective on shares of Wheaton Precious Metals from $135.00 to $160.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Bank of America upped their price objective on shares of Wheaton Precious Metals from $127.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. BMO Capital Markets restated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Wheaton Precious Metals in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $119.00.

Wheaton Precious Metals Stock Down 0.1%

NYSE WPM opened at $98.09 on Friday. The stock has a market capitalization of $44.53 billion, a P/E ratio of 56.70, a P/E/G ratio of 1.76 and a beta of 0.41. Wheaton Precious Metals Corp. has a 52-week low of $55.47 and a 52-week high of $114.36. The firm has a 50-day moving average price of $103.84 and a 200 day moving average price of $93.33.

Wheaton Precious Metals (NYSE:WPM) last posted 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 firm had revenue of $503.22 million during 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 firm’s revenue for the quarter was up 68.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 earnings per share. On average, equities research analysts expect 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. Investors of record on Thursday, August 21st were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 21st. Wheaton Precious Metals’s dividend payout ratio is currently 38.15%.

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.