Wheaton Precious Metals Corp. (NYSE:WPM) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 15.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 70,021 shares of the company’s stock after buying an additional 9,314 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Wheaton Precious Metals were worth $3,671,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in WPM. Ridgewood Investments LLC purchased a new position in shares of Wheaton Precious Metals during the 2nd quarter worth $31,000. Principal Securities Inc. acquired a new stake in shares of Wheaton Precious Metals during the fourth quarter valued at about $39,000. St. Johns Investment Management Company LLC acquired a new stake in shares of Wheaton Precious Metals during the first quarter valued at about $52,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Wheaton Precious Metals by 25.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,231 shares of the company’s stock valued at $65,000 after acquiring an additional 253 shares during the period. Finally, Western Pacific Wealth Management LP lifted its holdings in shares of Wheaton Precious Metals by 19.6% in the 1st quarter. Western Pacific Wealth Management LP now owns 1,331 shares of the company’s stock worth $63,000 after acquiring an additional 218 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on WPM. Berenberg Bank boosted their target price on Wheaton Precious Metals from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. CIBC boosted their price objective on Wheaton Precious Metals from $75.00 to $80.00 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. Bank of America raised their target price on Wheaton Precious Metals from $60.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Scotiabank boosted their price target on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Finally, Jefferies Financial Group raised their price objective on shares of Wheaton Precious Metals from $62.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $67.50.

Wheaton Precious Metals Price Performance

NYSE:WPM opened at $62.60 on Monday. The firm has a market capitalization of $28.39 billion, a PE ratio of 48.15, a price-to-earnings-growth ratio of 2.29 and a beta of 0.78. The business’s fifty day moving average price is $59.73 and its 200 day moving average price is $54.85. Wheaton Precious Metals Corp. has a 12 month low of $38.37 and a 12 month high of $64.27.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. The business had revenue of $299.06 million for the quarter, compared to analyst estimates of $309.54 million. Wheaton Precious Metals had a return on equity of 8.54% and a net margin of 50.44%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the company earned $0.31 EPS. As a group, equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.4 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Wednesday, August 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) 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.