Kestra Advisory Services LLC Has $3.94 Million Position in Wheaton Precious Metals Corp. $WPM

Key Points

• Kestra Advisory Services LLC reduced its position in Wheaton Precious Metals by 6.8% in the first quarter, holding 50,757 shares valued at approximately $3.94 million.
• The company's latest quarterly earnings reported earnings per share of $0.63, surpassing estimates by $0.05, with revenue increasing by 68.2% year-over-year to $503.22 million.
• A quarterly dividend of $0.165 per share has been announced, with a dividend yield of 0.7% and a payout ratio of 38.15%.

Kestra Advisory Services LLC reduced its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 6.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,757 shares of the company's stock after selling 3,689 shares during the period. Kestra Advisory Services LLC's holdings in Wheaton Precious Metals were worth $3,940,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of WPM. NBT Bank N A NY grew its holdings in Wheaton Precious Metals by 129.3% during the 1st quarter. NBT Bank N A NY now owns 415 shares of the company's stock worth $32,000 after acquiring an additional 234 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Wheaton Precious Metals in the 1st quarter valued at about $49,000. Princeton Global Asset Management LLC acquired a new stake in shares of Wheaton Precious Metals in the 1st quarter valued at about $52,000. Penserra Capital Management LLC grew its stake in shares of Wheaton Precious Metals by 1,812.8% in the 1st quarter. Penserra Capital Management LLC now owns 746 shares of the company's stock valued at $57,000 after buying an additional 707 shares during the period. Finally, Whittier Trust Co. grew its stake in shares of Wheaton Precious Metals by 77.4% in the 1st quarter. Whittier Trust Co. now owns 763 shares of the company's stock valued at $59,000 after buying an additional 333 shares during the period. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

Shares of NYSE WPM opened at $96.64 on Wednesday. Wheaton Precious Metals Corp. has a fifty-two week low of $55.47 and a fifty-two week high of $103.81. The stock has a market cap of $43.87 billion, a price-to-earnings ratio of 55.86, a PEG ratio of 2.64 and a beta of 0.39. The firm's 50-day simple moving average is $92.52 and its 200 day simple moving average is $83.46.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings results 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. 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 analysts' expectations of $424.23 million. During the same quarter last year, the firm earned $0.33 EPS. The firm's revenue for the quarter was up 68.2% compared to the same quarter last year. On average, sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be given 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 dividend yield of 0.7%. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 38.15%.

Analysts Set New Price Targets

Several brokerages have recently commented on WPM. UBS Group set a $106.00 target price on Wheaton Precious Metals and gave the company a "neutral" rating in a research note on Monday, August 11th. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. Berenberg Bank raised their target price on Wheaton Precious Metals from $87.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Royal Bank Of Canada raised their target price on Wheaton Precious Metals from $80.00 to $90.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. Finally, Wall Street Zen upgraded Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Saturday. One 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. According to MarketBeat, Wheaton Precious Metals currently has a consensus rating of "Moderate Buy" and an average target price of $97.33.

Wheaton Precious Metals 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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