Vanguard Personalized Indexing Management LLC Increases Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 9.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 9,293 shares of the company’s stock after acquiring an additional 831 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Wheaton Precious Metals were worth $448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. D.A. Davidson & CO. lifted its stake in shares of Wheaton Precious Metals by 0.7% during the 1st quarter. D.A. Davidson & CO. now owns 34,072 shares of the company’s stock worth $1,641,000 after acquiring an additional 248 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Wheaton Precious Metals by 67.3% during the 1st quarter. Allworth Financial LP now owns 654 shares of the company’s stock worth $31,000 after acquiring an additional 263 shares during the last quarter. Confluence Investment Management LLC lifted its stake in shares of Wheaton Precious Metals by 2.0% during the 1st quarter. Confluence Investment Management LLC now owns 13,677 shares of the company’s stock worth $659,000 after acquiring an additional 274 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in shares of Wheaton Precious Metals by 54.7% during the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 792 shares of the company’s stock worth $31,000 after acquiring an additional 280 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of Wheaton Precious Metals by 5.0% during the 1st quarter. J.W. Cole Advisors Inc. now owns 6,241 shares of the company’s stock worth $301,000 after acquiring an additional 295 shares during the last quarter. 58.51% of the stock is owned by institutional investors.

Wheaton Precious Metals Trading Up 2.2 %

WPM opened at $43.01 on Tuesday. The firm has a market cap of $19.48 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 7.33 and a beta of 0.57. Wheaton Precious Metals Corp. has a 12 month low of $28.62 and a 12 month high of $52.76. The stock has a fifty day moving average price of $43.31 and a 200-day moving average price of $45.23.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Friday, August 11th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. Wheaton Precious Metals had a return on equity of 6.61% and a net margin of 65.87%. The firm had revenue of $264.97 million for the quarter, compared to the consensus estimate of $250.73 million. During the same period in the previous year, the business earned $0.33 EPS. The firm’s revenue for the quarter was down 12.5% on a year-over-year basis. On average, equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.15 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Friday, August 25th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, August 24th. This represents a $0.60 annualized dividend and a yield of 1.40%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 44.12%.

Wall Street Analyst Weigh In

WPM has been the subject of a number of research analyst reports. National Bankshares raised their price target on Wheaton Precious Metals from C$72.50 to C$80.00 and gave the stock an “outperform” rating in a research note on Monday, May 8th. Barclays decreased their target price on Wheaton Precious Metals from $42.00 to $41.00 in a research report on Friday, July 7th. National Bank Financial decreased their target price on Wheaton Precious Metals from C$80.00 to C$75.00 in a research report on Friday, July 21st. StockNews.com began coverage on Wheaton Precious Metals in a research report on Thursday, August 17th. They set a “hold” rating for the company. Finally, Royal Bank of Canada lowered Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$50.00 to C$45.00 in a research report on Tuesday, May 23rd. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $392.71.

Wheaton Precious Metals Company 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 10, 2017. Wheaton Precious Metals Corp.