Banco Bilbao Vizcaya Argentaria S.A. Has $1.66 Million Position in Wheaton Precious Metals Corp. $WPM

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in Wheaton Precious Metals Corp. by 48.1% in the 1st quarter, now holding shares valued at $1.66 million.
• Wheaton Precious Metals reported $0.63 earnings per share for the last quarter, exceeding estimates and reflecting a 68.2% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.165 per share, with a dividend yield of 0.7% and a payout ratio of 38.15%.

Banco Bilbao Vizcaya Argentaria S.A. reduced its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 48.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,546 shares of the company's stock after selling 19,938 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Wheaton Precious Metals were worth $1,662,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Wheaton Precious Metals by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 17,996,858 shares of the company's stock valued at $1,396,556,000 after purchasing an additional 324,340 shares during the period. Royal Bank of Canada increased its stake in shares of Wheaton Precious Metals by 5.0% in the fourth quarter. Royal Bank of Canada now owns 9,424,930 shares of the company's stock worth $530,057,000 after acquiring an additional 447,702 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Wheaton Precious Metals by 5.0% in the first quarter. TD Asset Management Inc now owns 7,512,351 shares of the company's stock worth $582,876,000 after acquiring an additional 355,533 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Wheaton Precious Metals by 4.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,593,707 shares of the company's stock worth $202,459,000 after acquiring an additional 137,477 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Wheaton Precious Metals by 54.4% in the fourth quarter. Mackenzie Financial Corp now owns 3,223,154 shares of the company's stock worth $181,227,000 after acquiring an additional 1,135,699 shares during the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

NYSE WPM opened at $95.5120 on Friday. The firm has a 50-day simple moving average of $92.34 and a 200 day simple moving average of $82.93. Wheaton Precious Metals Corp. has a twelve month low of $55.47 and a twelve month high of $103.81. The stock has a market cap of $43.36 billion, a PE ratio of 55.21, a PEG ratio of 2.62 and a beta of 0.39.

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 (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The firm had revenue of $503.22 million during the quarter, compared to analyst estimates of $424.23 million. During the same quarter in the prior year, the business posted $0.33 earnings per share. The company's quarterly revenue was up 68.2% compared to the same quarter last year. Research analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 21st. Wheaton Precious Metals's dividend payout ratio is 38.15%.

Analyst Upgrades and Downgrades

WPM has been the topic of a number of research reports. CIBC reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, July 15th. UBS Group set a $106.00 price target on shares of Wheaton Precious Metals and gave the stock a "neutral" rating in a research note on Monday, August 11th. Royal Bank Of Canada upped their price objective on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. BMO Capital Markets reiterated an "outperform" rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. Finally, Scotiabank upped their price objective on shares of Wheaton Precious Metals from $108.00 to $109.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 12th. One equities 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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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