MML Investors Services LLC Has $506,000 Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

MML Investors Services LLC lifted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 8.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,285 shares of the company’s stock after purchasing an additional 669 shares during the quarter. MML Investors Services LLC’s holdings in Wheaton Precious Metals were worth $506,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in Wheaton Precious Metals by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 955,540 shares of the company’s stock worth $58,422,000 after buying an additional 36,970 shares in the last quarter. Well Done LLC boosted its position in shares of Wheaton Precious Metals by 173.9% during the 3rd quarter. Well Done LLC now owns 38,108 shares of the company’s stock worth $2,328,000 after acquiring an additional 24,196 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in Wheaton Precious Metals in the second quarter valued at approximately $1,016,000. Swiss National Bank raised its position in Wheaton Precious Metals by 0.8% during the third quarter. Swiss National Bank now owns 1,370,800 shares of the company’s stock valued at $83,854,000 after purchasing an additional 10,600 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Wheaton Precious Metals during the third quarter worth $1,287,000. Institutional investors own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WPM. UBS Group initiated coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 price target on the stock. Jefferies Financial Group boosted their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. TD Securities raised their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Stifel Canada cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, National Bank Financial upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $71.67.

Wheaton Precious Metals Stock Up 0.4 %

NYSE WPM opened at $57.11 on Monday. The company has a market capitalization of $25.91 billion, a price-to-earnings ratio of 42.62, a PEG ratio of 1.67 and a beta of 0.75. Wheaton Precious Metals Corp. has a twelve month low of $38.57 and a twelve month high of $68.64. The stock has a fifty day simple moving average of $62.80 and a 200 day simple moving average of $59.90.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The company had revenue of $308.25 million during the quarter, compared to analysts’ expectations of $324.57 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Research analysts expect that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio is currently 46.27%.

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.