Wheaton Precious Metals Corp. $WPM Shares Sold by Aviso Financial Inc.

Key Points

• Aviso Financial Inc. reduced its stake in Wheaton Precious Metals Corp. by 9.0%, selling 7,964 shares in the first quarter, bringing their total holdings to 80,985 shares valued at $6,287,000.
• Wheaton Precious Metals reported a 68.2% year-over-year increase in revenue, totaling $503.22 million for the quarter, and earnings per share of $0.63, exceeding expectations.
• The company announced a quarterly dividend of $0.165 per share, representing a 0.7% dividend yield, with the dividend payout ratio currently at 38.15%.

Aviso Financial Inc. lessened its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 9.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,985 shares of the company's stock after selling 7,964 shares during the quarter. Aviso Financial Inc.'s holdings in Wheaton Precious Metals were worth $6,287,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NBT Bank N A NY lifted its stake in shares of Wheaton Precious Metals by 129.3% during the first quarter. NBT Bank N A NY now owns 415 shares of the company's stock worth $32,000 after purchasing an additional 234 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Wheaton Precious Metals during the first quarter worth about $49,000. Princeton Global Asset Management LLC acquired a new position in shares of Wheaton Precious Metals during the first quarter worth about $52,000. Penserra Capital Management LLC lifted its stake in shares of Wheaton Precious Metals by 1,812.8% during the first quarter. Penserra Capital Management LLC now owns 746 shares of the company's stock worth $57,000 after purchasing an additional 707 shares in the last quarter. Finally, Whittier Trust Co. lifted its stake in shares of Wheaton Precious Metals by 77.4% in the first quarter. Whittier Trust Co. now owns 763 shares of the company's stock worth $59,000 after acquiring 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 Up 1.1%

NYSE WPM traded up $1.03 on Thursday, hitting $94.27. 1,281,366 shares of the stock traded hands, compared to its average volume of 1,850,961. The stock has a 50-day moving average of $92.18 and a 200 day moving average of $82.50. Wheaton Precious Metals Corp. has a twelve month low of $55.47 and a twelve month high of $103.81. The company has a market capitalization of $42.79 billion, a P/E ratio of 54.49, a price-to-earnings-growth ratio of 2.53 and a beta of 0.39.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $503.22 million for the quarter, compared to analysts' expectations of $424.23 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. Wheaton Precious Metals's revenue for the quarter was up 68.2% compared to the same quarter last year. As a group, equities research analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders 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 is Thursday, August 21st. Wheaton Precious Metals's dividend payout ratio is presently 38.15%.

Wall Street Analyst Weigh In

Several research analysts recently commented on WPM shares. Royal Bank Of Canada boosted their price target on Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. UBS Group set a $106.00 price target on Wheaton Precious Metals and gave the stock a "neutral" rating in a research note on Monday, August 11th. Berenberg Bank boosted their price target on Wheaton Precious Metals from $87.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. Finally, CIBC reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of "Moderate Buy" and an average 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.