Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. lessened its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 51.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 799,187 shares of the company’s stock after selling 839,652 shares during the period. APG Asset Management N.V. owned 0.18% of Wheaton Precious Metals worth $39,089,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WPM. First Eagle Investment Management LLC increased its holdings in shares of Wheaton Precious Metals by 1.4% in the first quarter. First Eagle Investment Management LLC now owns 21,403,409 shares of the company’s stock valued at $1,008,743,000 after purchasing an additional 292,968 shares during the last quarter. Van ECK Associates Corp grew its holdings in Wheaton Precious Metals by 1.0% in the 2nd quarter. Van ECK Associates Corp now owns 19,984,984 shares of the company’s stock valued at $1,047,621,000 after buying an additional 197,426 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Wheaton Precious Metals by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 16,770,475 shares of the company’s stock worth $790,392,000 after acquiring an additional 272,918 shares during the period. FIL Ltd boosted its position in shares of Wheaton Precious Metals by 5.5% during the 4th quarter. FIL Ltd now owns 10,646,479 shares of the company’s stock valued at $525,235,000 after acquiring an additional 550,804 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Wheaton Precious Metals by 16.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,309,175 shares of the company’s stock valued at $344,483,000 after purchasing an additional 1,010,307 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WPM. Berenberg Bank boosted their target price on shares of Wheaton Precious Metals from $64.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, June 27th. TD Securities decreased their price objective on Wheaton Precious Metals from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Scotiabank raised their target price on Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. CIBC upped their price target on Wheaton Precious Metals from $75.00 to $80.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. Finally, Jefferies Financial Group raised their price objective on Wheaton Precious Metals from $62.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $68.63.

Wheaton Precious Metals Trading Down 2.8 %

WPM opened at $62.45 on Friday. The stock’s 50-day moving average price is $59.98 and its 200 day moving average price is $55.36. Wheaton Precious Metals Corp. has a 12-month low of $38.37 and a 12-month high of $64.82. The firm has a market cap of $28.33 billion, a price-to-earnings ratio of 48.04, a PEG ratio of 2.31 and a beta of 0.78.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The business had revenue of $299.06 million for the quarter, compared to analysts’ expectations of $309.54 million. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.54%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 earnings per share. On average, research analysts forecast that Wheaton Precious Metals Corp. will post 1.42 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were paid 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 0.99%. Wheaton Precious Metals’s dividend payout ratio (DPR) 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.