Wheaton Precious Metals Corp. (NYSE:WPM) Stock Holdings Reduced by Blair William & Co. IL

Blair William & Co. IL cut its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 1.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,597 shares of the company’s stock after selling 2,329 shares during the period. Blair William & Co. IL’s holdings in Wheaton Precious Metals were worth $7,527,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC raised its position in Wheaton Precious Metals by 9.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,374 shares of the company’s stock valued at $792,000 after acquiring an additional 1,358 shares in the last quarter. Argent Trust Co increased its stake in shares of Wheaton Precious Metals by 31.4% during the 2nd quarter. Argent Trust Co now owns 17,905 shares of the company’s stock worth $939,000 after purchasing an additional 4,278 shares during the last quarter. Sargent Investment Group LLC bought a new position in shares of Wheaton Precious Metals during the 2nd quarter valued at $1,117,000. Dimensional Fund Advisors LP lifted its stake in shares of Wheaton Precious Metals by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 569,011 shares of the company’s stock valued at $29,829,000 after purchasing an additional 24,428 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Wheaton Precious Metals by 7.8% in the second quarter. Envestnet Asset Management Inc. now owns 56,849 shares of the company’s stock worth $2,980,000 after purchasing an additional 4,098 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Wheaton Precious Metals Stock Up 0.7 %

NYSE:WPM opened at $62.62 on Friday. The firm has a market capitalization of $28.41 billion, a PE ratio of 48.17, a price-to-earnings-growth ratio of 2.29 and a beta of 0.78. Wheaton Precious Metals Corp. has a 12-month low of $38.37 and a 12-month high of $64.27. The firm has a 50-day moving average price of $59.73 and a 200 day moving average price of $54.69.

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

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Wednesday, August 21st. Wheaton Precious Metals’s payout ratio is 47.69%.

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.