American Century Companies Inc. Has $30.65 Million Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

American Century Companies Inc. reduced its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 2.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 584,731 shares of the company’s stock after selling 14,643 shares during the period. American Century Companies Inc.’s holdings in Wheaton Precious Metals were worth $30,652,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Ridgewood Investments LLC acquired a new stake in Wheaton Precious Metals in the second quarter valued at $31,000. Principal Securities Inc. acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at about $39,000. St. Johns Investment Management Company LLC bought a new position in shares of Wheaton Precious Metals during the first quarter worth about $52,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of Wheaton Precious Metals by 25.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,231 shares of the company’s stock worth $65,000 after acquiring an additional 253 shares during the period. Finally, Western Pacific Wealth Management LP boosted its holdings in Wheaton Precious Metals by 19.6% in the first quarter. Western Pacific Wealth Management LP now owns 1,331 shares of the company’s stock valued at $63,000 after acquiring an additional 218 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Analysts Set New Price Targets

WPM has been the subject of several analyst reports. Berenberg Bank raised their price target on shares of Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Bank of America boosted their target price on shares of Wheaton Precious Metals from $60.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Scotiabank increased their price target on Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. TD Securities dropped their price objective on 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. Finally, Jefferies Financial Group upped their target price on Wheaton Precious Metals from $62.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $67.50.

Wheaton Precious Metals Stock Down 0.6 %

NYSE WPM opened at $61.31 on Thursday. Wheaton Precious Metals Corp. has a 52 week low of $38.37 and a 52 week high of $64.27. The business has a 50 day moving average price of $59.55 and a 200-day moving average price of $54.45. The company has a market cap of $27.81 billion, a price-to-earnings ratio of 47.42, a P/E/G ratio of 2.26 and a beta of 0.78.

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

Wheaton Precious Metals Dividend Announcement

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

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.