Wheaton Precious Metals Corp. $WPM Shares Sold by Osaic Holdings Inc.

Osaic Holdings Inc. cut its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 5.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,545 shares of the company’s stock after selling 5,187 shares during the period. Osaic Holdings Inc.’s holdings in Wheaton Precious Metals were worth $8,311,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in Wheaton Precious Metals during the second quarter worth approximately $656,463,000. Invesco Ltd. grew its position in shares of Wheaton Precious Metals by 139.8% during the second quarter. Invesco Ltd. now owns 2,085,042 shares of the company’s stock worth $187,237,000 after acquiring an additional 1,215,660 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Wheaton Precious Metals by 57.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,097,735 shares of the company’s stock valued at $162,811,000 after acquiring an additional 766,947 shares during the period. Amundi increased its holdings in shares of Wheaton Precious Metals by 33.2% in the 1st quarter. Amundi now owns 2,745,947 shares of the company’s stock valued at $215,557,000 after acquiring an additional 683,674 shares during the period. Finally, CIBC Asset Management Inc raised its position in Wheaton Precious Metals by 24.8% in the 2nd quarter. CIBC Asset Management Inc now owns 3,185,420 shares of the company’s stock valued at $288,255,000 after purchasing an additional 632,464 shares during the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Up 3.7%

Shares of NYSE:WPM opened at $119.75 on Monday. Wheaton Precious Metals Corp. has a 52 week low of $55.47 and a 52 week high of $120.55. The company has a 50-day moving average price of $104.99 and a 200 day moving average price of $99.85. The company has a market cap of $54.37 billion, a P/E ratio of 54.43, a PEG ratio of 1.78 and a beta of 0.54.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.03. The company had revenue of $476.26 million for the quarter, compared to analysts’ expectations of $495.53 million. Wheaton Precious Metals had a return on equity of 13.32% and a net margin of 54.72%.The firm’s quarterly revenue was up 54.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS. Analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th were issued a $0.165 dividend. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 30.00%.

Analysts Set New Price Targets

Several research analysts have issued reports on WPM shares. Berenberg Bank raised their price objective on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Scotiabank reissued an “outperform” rating on shares of Wheaton Precious Metals in a report on Thursday, October 23rd. Wall Street Zen upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Monday, September 8th. Zacks Research raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Wheaton Precious Metals in a research note on Monday, December 15th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Wheaton Precious Metals has a consensus rating of “Buy” and a consensus target price of $130.78.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.