Penserra Capital Management LLC Acquires 707 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Penserra Capital Management LLC increased its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 1,812.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 746 shares of the company’s stock after purchasing an additional 707 shares during the period. Penserra Capital Management LLC’s holdings in Wheaton Precious Metals were worth $57,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of WPM. Raymond James Financial Inc. acquired a new stake in Wheaton Precious Metals in the 4th quarter valued at approximately $20,790,000. Sei Investments Co. raised its position in Wheaton Precious Metals by 25.7% in the 4th quarter. Sei Investments Co. now owns 40,769 shares of the company’s stock valued at $2,293,000 after buying an additional 8,331 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Wheaton Precious Metals by 37.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,109 shares of the company’s stock valued at $630,000 after buying an additional 2,208 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Wheaton Precious Metals by 5.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,392 shares of the company’s stock valued at $419,000 after buying an additional 297 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC acquired a new stake in Wheaton Precious Metals in the 1st quarter valued at approximately $531,000. Institutional investors own 70.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on WPM shares. National Bankshares reissued an “outperform” rating on shares of Wheaton Precious Metals in a research report on Tuesday, June 24th. Wall Street Zen raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Raymond James Financial boosted their price target on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 15th. Scotiabank boosted their price target on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 14th. Finally, Royal Bank Of Canada boosted their price target on Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a “sector perform” rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Wheaton Precious Metals has an average rating of “Buy” and an average target price of $93.00.

Wheaton Precious Metals Trading Up 1.3%

Shares of NYSE WPM opened at $91.03 on Friday. Wheaton Precious Metals Corp. has a 12 month low of $53.05 and a 12 month high of $95.23. The stock has a 50 day moving average of $87.39 and a 200-day moving average of $75.74. The company has a market capitalization of $41.32 billion, a P/E ratio of 66.93, a P/E/G ratio of 2.68 and a beta of 0.46.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $470.41 million during the quarter, compared to the consensus estimate of $446.33 million. Wheaton Precious Metals had a return on equity of 10.32% and a net margin of 42.45%. The firm’s revenue for the quarter was up 58.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 EPS. Analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were paid a $0.165 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.66 annualized dividend and a yield of 0.73%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 48.53%.

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 2017. Wheaton Precious Metals Corp.