Blair William & Co. IL Buys 2,528 Shares of Wheaton Precious Metals Corp. $WPM

Blair William & Co. IL boosted its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,670 shares of the company's stock after acquiring an additional 2,528 shares during the quarter. Blair William & Co. IL's holdings in Wheaton Precious Metals were worth $9,759,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. US Bancorp DE lifted its position in Wheaton Precious Metals by 4.6% in the 2nd quarter. US Bancorp DE now owns 10,358 shares of the company's stock valued at $930,000 after acquiring an additional 457 shares in the last quarter. Vontobel Holding Ltd. increased its stake in Wheaton Precious Metals by 80.9% in the 2nd quarter. Vontobel Holding Ltd. now owns 43,208 shares of the company's stock valued at $3,888,000 after buying an additional 19,322 shares during the last quarter. Maryland State Retirement & Pension System acquired a new stake in Wheaton Precious Metals in the 2nd quarter valued at $3,848,000. Hendley & Co. Inc. increased its stake in Wheaton Precious Metals by 0.5% in the 2nd quarter. Hendley & Co. Inc. now owns 90,775 shares of the company's stock valued at $8,152,000 after buying an additional 470 shares during the last quarter. Finally, Canopy Partners LLC acquired a new stake in Wheaton Precious Metals in the 2nd quarter valued at $228,000. 70.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

WPM has been the topic of several recent research reports. CIBC lifted their price target on shares of Wheaton Precious Metals from $135.00 to $160.00 and gave the company an "outperformer" rating in a research note on Friday. BMO Capital Markets reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Monday, September 8th. Berenberg Bank lifted their price target on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Finally, Raymond James Financial lifted their price target on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the company an "outperform" rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $114.50.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at $105.44 on Friday. Wheaton Precious Metals Corp. has a 52 week low of $55.47 and a 52 week high of $114.00. The firm has a market cap of $47.87 billion, a P/E ratio of 60.95, a price-to-earnings-growth ratio of 2.81 and a beta of 0.41. The firm's 50-day simple moving average is $102.44 and its 200 day simple moving average is $91.45.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $503.22 million for the quarter, compared to analyst estimates of $424.23 million. During the same quarter in the prior year, the business earned $0.33 EPS. Wheaton Precious Metals's quarterly revenue was up 68.2% on a year-over-year basis. As a group, equities analysts forecast 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 was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were paid a $0.165 dividend. The ex-dividend date was Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. Wheaton Precious Metals's dividend payout ratio is 38.15%.

About Wheaton Precious Metals

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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