Dynamic Advisor Solutions LLC Takes Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Dynamic Advisor Solutions LLC acquired a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,841 shares of the company's stock, valued at approximately $531,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fielder Capital Group LLC increased its position in shares of Wheaton Precious Metals by 0.7% during the fourth quarter. Fielder Capital Group LLC now owns 24,701 shares of the company's stock valued at $1,389,000 after buying an additional 176 shares during the period. Signaturefd LLC increased its position in shares of Wheaton Precious Metals by 1.5% during the fourth quarter. Signaturefd LLC now owns 11,877 shares of the company's stock valued at $668,000 after buying an additional 178 shares during the period. Veracity Capital LLC increased its position in shares of Wheaton Precious Metals by 3.4% during the first quarter. Veracity Capital LLC now owns 7,326 shares of the company's stock valued at $569,000 after buying an additional 244 shares during the period. Merit Financial Group LLC increased its position in shares of Wheaton Precious Metals by 5.2% during the first quarter. Merit Financial Group LLC now owns 5,069 shares of the company's stock valued at $394,000 after buying an additional 251 shares during the period. Finally, Orion Portfolio Solutions LLC increased its position in shares of Wheaton Precious Metals by 4.4% during the fourth quarter. Orion Portfolio Solutions LLC now owns 6,120 shares of the company's stock valued at $344,000 after buying an additional 258 shares during the period. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Trading Down 2.0%

WPM traded down $1.78 during midday trading on Friday, reaching $89.29. The company's stock had a trading volume of 2,400,416 shares, compared to its average volume of 1,689,104. The firm has a market capitalization of $40.52 billion, a price-to-earnings ratio of 65.66, a PEG ratio of 2.78 and a beta of 0.46. Wheaton Precious Metals Corp. has a 1 year low of $51.96 and a 1 year high of $95.23. The stock's 50-day moving average is $85.33 and its 200-day moving average is $72.63.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. The business had revenue of $470.41 million for the quarter, compared to analysts' expectations of $446.33 million. Wheaton Precious Metals had a net margin of 42.45% and a return on equity of 10.32%. The business's revenue was up 58.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 earnings per share. As a group, equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Wednesday, May 28th. Wheaton Precious Metals's payout ratio is 48.53%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WPM. Scotiabank boosted their price target on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research report on Monday, April 14th. Wall Street Zen upgraded shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. UBS Group boosted their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Raymond James Financial boosted their price target on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, April 15th. Finally, BMO Capital Markets initiated coverage on shares of Wheaton Precious Metals in a research report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price target on the stock. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $86.90.

Wheaton Precious Metals 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.