Wheaton Precious Metals Corp. (NYSE:WPM) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 0.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 993,558 shares of the company’s stock after purchasing an additional 126 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.22% of Wheaton Precious Metals worth $77,089,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NBT Bank N A NY grew its stake in shares of Wheaton Precious Metals by 129.3% during the 1st quarter. NBT Bank N A NY now owns 415 shares of the company’s stock worth $32,000 after purchasing an additional 234 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of Wheaton Precious Metals during the 1st quarter valued at approximately $49,000. Princeton Global Asset Management LLC purchased a new position in shares of Wheaton Precious Metals during the 1st quarter valued at approximately $52,000. Penserra Capital Management LLC lifted its position in shares of Wheaton Precious Metals by 1,812.8% during the 1st quarter. Penserra Capital Management LLC now owns 746 shares of the company’s stock valued at $57,000 after buying an additional 707 shares in the last quarter. Finally, Whittier Trust Co. lifted its position in shares of Wheaton Precious Metals by 77.4% during the 1st quarter. Whittier Trust Co. now owns 763 shares of the company’s stock valued at $59,000 after buying an additional 333 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Down 1.3%

Shares of NYSE:WPM opened at $95.11 on Thursday. The business has a 50-day moving average price of $91.79 and a 200 day moving average price of $81.39. The company has a market capitalization of $43.18 billion, a price-to-earnings ratio of 54.98, a PEG ratio of 2.68 and a beta of 0.39. Wheaton Precious Metals Corp. has a 12-month low of $55.47 and a 12-month high of $103.81.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The firm had revenue of $503.22 million during the quarter, compared to the consensus estimate of $424.23 million. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%. The company’s quarterly revenue was up 68.2% on a year-over-year basis. During the same period last year, the company earned $0.33 EPS. As a group, equities research analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 38.15%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on WPM shares. Berenberg Bank increased their target price on Wheaton Precious Metals from $87.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, July 3rd. UBS Group set a $106.00 target price on Wheaton Precious Metals and gave the company a “neutral” rating in a research report on Monday. Wall Street Zen lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Royal Bank Of Canada raised their price objective on Wheaton Precious Metals from $80.00 to $90.00 and gave the company a “sector perform” rating in a report on Wednesday, June 4th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $97.33.

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.