American Century Companies Inc. Sells 14,643 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

American Century Companies Inc. lowered its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 2.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 584,731 shares of the company’s stock after selling 14,643 shares during the period. American Century Companies Inc. owned 0.13% of Wheaton Precious Metals worth $30,652,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in Wheaton Precious Metals in the 4th quarter valued at $39,000. Dimensional Fund Advisors LP grew its stake in shares of Wheaton Precious Metals by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 528,581 shares of the company’s stock valued at $26,081,000 after acquiring an additional 24,676 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Wheaton Precious Metals by 40.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 12,575 shares of the company’s stock worth $620,000 after acquiring an additional 3,646 shares during the period. Balentine LLC acquired a new stake in Wheaton Precious Metals in the 4th quarter worth about $203,000. Finally, Clearbridge Investments LLC raised its stake in Wheaton Precious Metals by 1.1% in the 4th quarter. Clearbridge Investments LLC now owns 686,233 shares of the company’s stock worth $33,859,000 after purchasing an additional 7,308 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Down 0.6 %

WPM stock opened at $61.31 on Thursday. The firm has a 50-day moving average price of $59.55 and a 200-day moving average price of $54.45. Wheaton Precious Metals Corp. has a 12 month low of $38.37 and a 12 month high of $64.27. The stock has a market capitalization of $27.81 billion, a P/E ratio of 47.42, a price-to-earnings-growth ratio of 2.26 and a beta of 0.78.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, beating 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 firm’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 EPS. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 1.4 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were given a dividend of $0.155 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.62 dividend on an annualized basis and a yield of 1.01%. Wheaton Precious Metals’s dividend payout ratio is currently 47.69%.

Analysts Set New Price Targets

Several research analysts have recently commented on WPM shares. Jefferies Financial Group raised 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. Bank of America raised their price objective on Wheaton Precious Metals from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. CIBC upped their target price on Wheaton Precious Metals from $75.00 to $80.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Scotiabank raised their price target on Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Finally, Berenberg Bank upped their price objective on shares of Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.50.

Wheaton Precious Metals 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.