Wheaton Precious Metals Corp. $WPM Shares Sold by WNY Asset Management LLC

WNY Asset Management LLC lowered its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 14.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,823 shares of the company’s stock after selling 950 shares during the quarter. WNY Asset Management LLC’s holdings in Wheaton Precious Metals were worth $523,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its stake in Wheaton Precious Metals by 2.9% in the 1st quarter. Pacer Advisors Inc. now owns 4,144 shares of the company’s stock valued at $322,000 after acquiring an additional 117 shares during the period. Asahi Life Asset Management CO. LTD. grew its stake in Wheaton Precious Metals by 2.8% in 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 during the period. Avantax Advisory Services Inc. grew its stake in Wheaton Precious Metals by 2.1% in 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 during the period. HB Wealth Management LLC grew its stake in Wheaton Precious Metals by 3.2% in the 2nd quarter. HB Wealth Management LLC now owns 5,068 shares of the company’s stock valued at $455,000 after acquiring an additional 156 shares during the period. Finally, City State Bank grew its stake in Wheaton Precious Metals by 40.0% in the 2nd quarter. City State Bank now owns 560 shares of the company’s stock valued at $50,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at $95.32 on Wednesday. The stock’s fifty day moving average is $103.95 and its two-hundred day moving average is $93.88. The firm has a market capitalization of $43.27 billion, a P/E ratio of 55.10, a PEG ratio of 1.66 and a beta of 0.41. Wheaton Precious Metals Corp. has a fifty-two week low of $55.47 and a fifty-two week high of $114.36.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.63 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 business had revenue of $503.22 million for the quarter, compared to analyst estimates of $424.23 million. During the same quarter in the previous year, the firm earned $0.33 EPS. The company’s quarterly revenue was up 68.2% compared to the same quarter last year. On average, equities analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, August 21st. Wheaton Precious Metals’s payout ratio is currently 38.15%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on WPM shares. Berenberg Bank lifted their price target 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. Wall Street Zen upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, September 8th. BMO Capital Markets restated an “outperform” rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. Bank of America raised their price objective on Wheaton Precious Metals from $127.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Finally, Raymond James Financial raised their price objective on Wheaton Precious Metals from $114.00 to $127.00 and gave the company an “outperform” rating in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $119.00.

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.