Wheaton Precious Metals Corp. (NYSE:WPM) Shares Purchased by Cwm LLC

Cwm LLC increased its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 96.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,970 shares of the company’s stock after buying an additional 2,930 shares during the period. Cwm LLC’s holdings in Wheaton Precious Metals were worth $365,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WPM. Ridgewood Investments LLC purchased a new stake in shares of Wheaton Precious Metals during the 2nd quarter worth about $31,000. Abich Financial Wealth Management LLC acquired a new position in Wheaton Precious Metals in the 2nd quarter worth about $31,000. Sunbelt Securities Inc. purchased a new position in Wheaton Precious Metals during the second quarter worth approximately $47,000. St. Johns Investment Management Company LLC acquired a new stake in Wheaton Precious Metals in the first quarter valued at approximately $52,000. Finally, Western Pacific Wealth Management LP increased its position in shares of 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 buying an additional 218 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at $66.49 on Monday. The stock’s 50 day simple moving average is $61.09 and its 200-day simple moving average is $57.09. The stock has a market cap of $30.16 billion, a P/E ratio of 51.15, a P/E/G ratio of 2.18 and a beta of 0.78. Wheaton Precious Metals Corp. has a 1-year low of $38.57 and a 1-year high of $66.75.

Wheaton Precious Metals (NYSE:WPM) last issued its 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 for the quarter, compared to the consensus estimate of $309.54 million. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.54%. Wheaton Precious Metals’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 earnings per share. As a group, research analysts expect that Wheaton Precious Metals Corp. will post 1.44 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were issued a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.62 annualized dividend and a dividend yield of 0.93%. Wheaton Precious Metals’s dividend payout ratio is currently 47.69%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WPM. National Bank Financial upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Jefferies Financial Group increased their price objective on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, October 4th. Raymond James boosted their target price on shares of Wheaton Precious Metals from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Scotiabank raised their price target 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. Finally, CIBC boosted their price objective on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $69.88.

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.