Wheaton Precious Metals Corp. (NYSE:WPM) Shares Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp lifted its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 196.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,013,847 shares of the company’s stock after purchasing an additional 671,432 shares during the period. King Luther Capital Management Corp owned about 0.22% of Wheaton Precious Metals worth $53,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in WPM. TD Asset Management Inc lifted its stake in shares of Wheaton Precious Metals by 71.2% in the 1st quarter. TD Asset Management Inc now owns 4,857,837 shares of the company’s stock valued at $229,026,000 after purchasing an additional 2,019,722 shares during the period. AMF Tjanstepension AB increased its holdings in Wheaton Precious Metals by 593.5% in the 2nd quarter. AMF Tjanstepension AB now owns 1,608,134 shares of the company’s stock worth $84,388,000 after acquiring an additional 1,376,231 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Wheaton Precious Metals by 31.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,672,800 shares of the company’s stock worth $272,975,000 after acquiring an additional 1,342,264 shares in the last quarter. Barings LLC purchased a new stake in Wheaton Precious Metals in the 2nd quarter worth $65,405,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Wheaton Precious Metals by 16.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,309,175 shares of the company’s stock worth $344,483,000 after acquiring an additional 1,010,307 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Up 1.5 %

NYSE:WPM opened at $62.22 on Friday. The company has a fifty day simple moving average of $59.61 and a two-hundred day simple moving average of $54.50. The company has a market cap of $28.23 billion, a price-to-earnings ratio of 47.86, a price-to-earnings-growth ratio of 2.29 and a beta of 0.78. Wheaton Precious Metals Corp. has a 52 week low of $38.37 and a 52 week high of $64.27.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. The business had revenue of $299.06 million during the quarter, compared to the consensus estimate of $309.54 million. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.54%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 earnings per share. On average, analysts expect that Wheaton Precious Metals Corp. will post 1.4 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were paid a dividend of $0.155 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.00%. Wheaton Precious Metals’s payout ratio is currently 47.69%.

Analysts Set New Price Targets

WPM has been the subject of a number of research reports. Bank of America upped their target price on shares of Wheaton Precious Metals from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Berenberg Bank upped their target price on shares of Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. CIBC upped their target price on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Jefferies Financial Group upped their target price on shares of Wheaton Precious Metals from $62.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, TD Securities dropped their target price on shares of Wheaton Precious Metals from $71.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.50.

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.