Greenline Partners LLC Grows Holdings in Wheaton Precious Metals Corp. $WPM

Key Points

• Greenline Partners LLC increased its holdings in Wheaton Precious Metals by 94.0%, owning 14,252 shares valued at $1,106,000 after buying an additional 6,905 shares in the first quarter.
• The recent earnings report indicated a 68.2% increase in revenue year-over-year, with the company reporting earnings of $0.63 per share, exceeding analyst expectations.
• Wheaton Precious Metals announced a quarterly dividend of $0.165 per share, with an annual yield of 0.6% and a payout ratio of 38.15%.

Greenline Partners LLC increased its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 94.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 14,252 shares of the company's stock after buying an additional 6,905 shares during the period. Greenline Partners LLC's holdings in Wheaton Precious Metals were worth $1,106,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Wheaton Precious Metals by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 17,996,858 shares of the company's stock worth $1,396,556,000 after acquiring an additional 324,340 shares during the period. Royal Bank of Canada raised its holdings in shares of Wheaton Precious Metals by 5.0% during the fourth quarter. Royal Bank of Canada now owns 9,424,930 shares of the company's stock valued at $530,057,000 after acquiring an additional 447,702 shares during the period. TD Asset Management Inc increased its stake in Wheaton Precious Metals by 5.0% in the 1st quarter. TD Asset Management Inc now owns 7,512,351 shares of the company's stock valued at $582,876,000 after buying an additional 355,533 shares during the period. Mackenzie Financial Corp increased its stake in Wheaton Precious Metals by 54.4% in the 4th quarter. Mackenzie Financial Corp now owns 3,223,154 shares of the company's stock valued at $181,227,000 after buying an additional 1,135,699 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Wheaton Precious Metals by 5.0% in the 1st quarter. JPMorgan Chase & Co. now owns 3,060,056 shares of the company's stock valued at $237,552,000 after buying an additional 144,782 shares during the period. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Stock Up 1.0%

Shares of Wheaton Precious Metals stock opened at $102.59 on Thursday. The stock has a market capitalization of $46.57 billion, a P/E ratio of 59.30, a price-to-earnings-growth ratio of 2.77 and a beta of 0.42. The company has a 50-day simple moving average of $93.71 and a 200 day simple moving average of $84.67. Wheaton Precious Metals Corp. has a 12-month low of $55.47 and a 12-month high of $103.81.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.05. The firm had revenue of $503.22 million during the quarter, compared to analysts' expectations of $424.23 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The company's quarterly revenue was up 68.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS. On average, equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.66 annualized dividend and a yield of 0.6%. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 38.15%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on WPM shares. UBS Group set a $106.00 price objective on shares of Wheaton Precious Metals and gave the company a "neutral" rating in a research note on Monday, August 11th. Wall Street Zen lowered shares of Wheaton Precious Metals from a "buy" rating to a "hold" rating in a research note on Sunday. Scotiabank raised their target price on shares of Wheaton Precious Metals from $108.00 to $109.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 12th. CIBC reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, July 15th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Wheaton Precious Metals currently has an average rating of "Moderate Buy" and an average 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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