3,563 Shares in Wheaton Precious Metals Corp. $WPM Acquired by Compound Planning Inc.

Key Points

• Compound Planning Inc. recently acquired 3,563 shares of Wheaton Precious Metals Corp., valued at approximately $277,000.
• Wheaton Precious Metals reported $0.63 earnings per share for the last quarter, exceeding analyst estimates, with quarterly revenue up 68.2% year-over-year.
• The company declared a quarterly dividend of $0.165 per share, with an annualized yield of 0.7%, reflecting a payout ratio of 38.15%.

Compound Planning Inc. acquired a new position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,563 shares of the company's stock, valued at approximately $277,000.

Other large investors also recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its stake in Wheaton Precious Metals by 5.5% during the first quarter. Cerity Partners LLC now owns 20,271 shares of the company's stock worth $1,574,000 after purchasing an additional 1,058 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Wheaton Precious Metals by 37.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,109 shares of the company's stock worth $630,000 after purchasing an additional 2,208 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Wheaton Precious Metals by 5.8% during the first quarter. Sequoia Financial Advisors LLC now owns 5,392 shares of the company's stock worth $419,000 after purchasing an additional 297 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new position in Wheaton Precious Metals during the first quarter worth $531,000. Finally, Principal Financial Group Inc. lifted its stake in Wheaton Precious Metals by 34.6% during the first quarter. Principal Financial Group Inc. now owns 25,244 shares of the company's stock worth $1,959,000 after purchasing an additional 6,486 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $96.59 on Thursday. Wheaton Precious Metals Corp. has a 1-year low of $55.47 and a 1-year high of $103.81. The stock has a market cap of $43.85 billion, a PE ratio of 55.83, a P/E/G ratio of 2.66 and a beta of 0.39. The stock's fifty day moving average is $92.63 and its two-hundred day moving average is $83.55.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.05. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The company had revenue of $503.22 million for the quarter, compared to analysts' expectations of $424.23 million. During the same period last year, the firm earned $0.33 earnings per share. Wheaton Precious Metals's quarterly revenue was up 68.2% on a year-over-year basis. On average, research analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be paid a $0.165 dividend. The ex-dividend date is Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a yield of 0.7%. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 38.15%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on WPM shares. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. Scotiabank increased their price objective on Wheaton Precious Metals from $108.00 to $109.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 12th. Berenberg Bank increased their price objective on Wheaton Precious Metals from $87.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. UBS Group set a $106.00 price objective on Wheaton Precious Metals and gave the company a "neutral" rating in a research note on Monday, August 11th. Finally, CIBC reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $97.33.

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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