Wheaton Precious Metals Corp. (NYSE:WPM) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 6.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 423,981 shares of the company's stock after acquiring an additional 24,946 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.09% of Wheaton Precious Metals worth $32,914,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of WPM. Principal Financial Group Inc. lifted its holdings in Wheaton Precious Metals by 34.6% during the 1st quarter. Principal Financial Group Inc. now owns 25,244 shares of the company's stock valued at $1,959,000 after buying an additional 6,486 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Wheaton Precious Metals in the 1st quarter worth $256,000. Astoria Portfolio Advisors LLC. raised its holdings in shares of Wheaton Precious Metals by 3.8% in the first quarter. Astoria Portfolio Advisors LLC. now owns 7,891 shares of the company's stock valued at $643,000 after acquiring an additional 289 shares in the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in Wheaton Precious Metals in the first quarter worth about $210,000. Finally, Smith Salley Wealth Management purchased a new stake in shares of Wheaton Precious Metals in the 1st quarter worth approximately $201,000. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Stock Down 1.4%

Shares of NYSE:WPM traded down $1.30 during trading on Thursday, hitting $89.20. The stock had a trading volume of 882,136 shares, compared to its average volume of 1,718,014. The stock has a 50-day simple moving average of $87.75 and a two-hundred day simple moving average of $76.31. The stock has a market capitalization of $40.49 billion, a price-to-earnings ratio of 65.56, a price-to-earnings-growth ratio of 2.66 and a beta of 0.46. Wheaton Precious Metals Corp. has a 12-month low of $53.05 and a 12-month high of $95.23.

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

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors 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 yield of 0.74%. The ex-dividend date of this dividend was Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 48.53%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WPM shares. Berenberg Bank lifted their price objective on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday, June 24th. UBS Group upped their price objective on Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. BMO Capital Markets began 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 for the company. Finally, Royal Bank Of Canada raised their price target on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Wheaton Precious Metals presently has an average rating of "Buy" and a consensus price target of $93.00.

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.