Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 4.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,105 shares of the company’s stock after selling 245 shares during the period. Rhumbline Advisers’ holdings in Wheaton Precious Metals were worth $268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WPM. Ridgewood Investments LLC purchased a new stake in shares of Wheaton Precious Metals during the second quarter worth $31,000. St. Johns Investment Management Company LLC acquired a new stake in Wheaton Precious Metals during the first quarter worth approximately $52,000. Western Pacific Wealth Management LP boosted its stake 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 in the last quarter. Massmutual Trust Co. FSB ADV increased its position in Wheaton Precious Metals by 25.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,231 shares of the company’s stock worth $65,000 after buying an additional 253 shares during the period. Finally, Mather Group LLC. purchased a new position in Wheaton Precious Metals during the 1st quarter worth $75,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Trading Down 2.8 %

NYSE:WPM opened at $62.45 on Friday. The firm’s fifty day simple moving average is $59.98 and its 200 day simple moving average is $55.44. Wheaton Precious Metals Corp. has a 1 year low of $38.37 and a 1 year high of $64.82. The firm has a market capitalization of $28.33 billion, a PE ratio of 48.04, a PEG ratio of 2.31 and a beta of 0.78.

Wheaton Precious Metals (NYSE:WPM) last issued its 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 return on equity of 8.54% and a net margin of 50.44%. The business 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. Wheaton Precious Metals’s revenue was up 12.9% on a year-over-year basis. As a group, analysts anticipate that Wheaton Precious Metals Corp. will post 1.42 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid 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 of this dividend was Wednesday, August 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 47.69%.

Analyst Ratings Changes

Several brokerages have weighed in on WPM. Raymond James lifted their target price on Wheaton Precious Metals from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday. CIBC upped their price objective on Wheaton Precious Metals from $75.00 to $80.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Berenberg Bank increased their price target on Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Scotiabank boosted 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 report on Monday, August 19th. Finally, Jefferies Financial Group upped their price target on Wheaton Precious Metals from $62.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $68.63.

Wheaton Precious Metals 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.