Private Advisor Group LLC Has $4.68 Million Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Private Advisor Group LLC decreased its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,622 shares of the company’s stock after selling 444 shares during the period. Private Advisor Group LLC’s holdings in Wheaton Precious Metals were worth $4,680,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Ridgewood Investments LLC bought a new stake in shares of Wheaton Precious Metals in the 2nd quarter valued at approximately $31,000. Abich Financial Wealth Management LLC bought a new stake in shares of Wheaton Precious Metals in the 2nd quarter valued at approximately $31,000. Sunbelt Securities Inc. bought a new stake in shares of Wheaton Precious Metals in the 2nd quarter valued at approximately $47,000. Western Pacific Wealth Management LP grew its stake 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 valued at $63,000 after buying an additional 218 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew 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 buying an additional 253 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Down 1.5 %

Shares of WPM stock opened at $66.13 on Friday. Wheaton Precious Metals Corp. has a 12 month low of $38.57 and a 12 month high of $68.64. The firm has a market cap of $29.99 billion, a PE ratio of 50.87, a price-to-earnings-growth ratio of 2.48 and a beta of 0.78. The stock has a 50 day moving average of $62.01 and a 200-day moving average of $57.67.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The company had revenue of $299.06 million during 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 company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 1.45 EPS for the current fiscal 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 $0.155 dividend. 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 0.94%. Wheaton Precious Metals’s payout ratio is 47.69%.

Analyst Ratings Changes

WPM has been the subject of several recent research reports. Stifel Canada cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. TD Securities lowered their price target on Wheaton Precious Metals from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Raymond James upped their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday. Jefferies Financial Group upped their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, 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. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.25.

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.