111 Capital Has $950,000 Stock Position in Wheaton Precious Metals Corp. $WPM

Key Points

• 111 Capital reduced its stake in Wheaton Precious Metals by 30.8% in the second quarter, holding 10,559 shares worth $950,000 after selling 4,704 shares.
• Wheaton Precious Metals reported a 68.2% increase in year-over-year revenue, earning $0.63 EPS, exceeding expectations of $0.58.
• The company declared a quarterly dividend of $0.165, yielding 0.6% annually, with a payout ratio of 38.15%.

111 Capital lowered its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 30.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,559 shares of the company's stock after selling 4,704 shares during the quarter. 111 Capital's holdings in Wheaton Precious Metals were worth $950,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WPM. Vanguard Group Inc. grew its holdings in shares of Wheaton Precious Metals by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 17,996,858 shares of the company's stock worth $1,396,556,000 after purchasing an additional 324,340 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Wheaton Precious Metals by 5.0% during the 1st quarter. TD Asset Management Inc now owns 7,512,351 shares of the company's stock worth $582,876,000 after purchasing an additional 355,533 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Wheaton Precious Metals by 10.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company's stock worth $393,800,000 after purchasing an additional 470,651 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Wheaton Precious Metals by 5.0% during the 1st quarter. JPMorgan Chase & Co. now owns 3,060,056 shares of the company's stock worth $237,552,000 after purchasing an additional 144,782 shares in the last quarter. Finally, Amundi grew its holdings in shares of Wheaton Precious Metals by 33.2% during the 1st quarter. Amundi now owns 2,745,947 shares of the company's stock worth $215,557,000 after purchasing an additional 683,674 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $109.73 on Friday. The company has a market capitalization of $49.81 billion, a PE ratio of 63.43, a price-to-earnings-growth ratio of 2.94 and a beta of 0.41. Wheaton Precious Metals Corp. has a one year low of $55.47 and a one year high of $114.00. The business has a 50 day simple moving average of $100.95 and a 200 day simple moving average of $90.36.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. The business 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%.Wheaton Precious Metals's revenue was up 68.2% on a year-over-year basis. During the same quarter last year, the company earned $0.33 EPS. Equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were given a $0.165 dividend. The ex-dividend date was Thursday, August 21st. This represents a $0.66 annualized dividend and a yield of 0.6%. Wheaton Precious Metals's payout ratio is presently 38.15%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on WPM shares. National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. Raymond James Financial lifted their price objective on Wheaton Precious Metals from $112.00 to $114.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Wall Street Zen raised Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday, September 8th. BMO Capital Markets reissued an "outperform" rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Wheaton Precious Metals in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $109.75.

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.

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