Janney Montgomery Scott LLC Buys 1,273 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Janney Montgomery Scott LLC lifted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 3.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 37,639 shares of the company’s stock after acquiring an additional 1,273 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Wheaton Precious Metals were worth $2,299,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WPM. Pure Financial Advisors LLC lifted its holdings in shares of Wheaton Precious Metals by 6.0% during the 3rd quarter. Pure Financial Advisors LLC now owns 5,616 shares of the company’s stock worth $343,000 after acquiring an additional 316 shares during the period. Farther Finance Advisors LLC increased its holdings in Wheaton Precious Metals by 31.0% in the third quarter. Farther Finance Advisors LLC now owns 1,825 shares of the company’s stock valued at $111,000 after purchasing an additional 432 shares during the period. Capital Advisors Inc. OK bought a new stake in Wheaton Precious Metals in the third quarter valued at approximately $374,000. Creative Financial Designs Inc. ADV raised its position in shares of Wheaton Precious Metals by 64.1% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 5,942 shares of the company’s stock worth $363,000 after acquiring an additional 2,321 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Wheaton Precious Metals by 4.2% during the third quarter. US Bancorp DE now owns 7,167 shares of the company’s stock worth $438,000 after acquiring an additional 290 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at $59.69 on Wednesday. Wheaton Precious Metals Corp. has a fifty-two week low of $38.57 and a fifty-two week high of $68.64. The company has a market capitalization of $27.08 billion, a P/E ratio of 44.54, a PEG ratio of 2.37 and a beta of 0.77. The stock has a 50 day moving average price of $62.77 and a two-hundred day moving average price of $58.75.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. Wheaton Precious Metals had a return on equity of 8.91% and a net margin of 50.05%. The firm had revenue of $308.25 million for the quarter, compared to analyst estimates of $324.57 million. During the same period last year, the company earned $0.27 EPS. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 1.04%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio is currently 46.27%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Stifel Canada lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. National Bank Financial upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Jefferies Financial Group upped their price target on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Raymond James upped their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Scotiabank raised their target price on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Moderate Buy” and an average target price of $70.88.

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.