Kestra Private Wealth Services LLC Takes Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Key Points

• Kestra Private Wealth Services LLC acquired 3,075 shares of Wheaton Precious Metals Corp., valued at approximately $239,000, in the first quarter.
• Brokerages are optimistic, with multiple firms increasing their price targets for Wheaton Precious Metals, with a consensus rating of "Buy" and an average target price of $93.00.
• Wheaton Precious Metals announced a quarterly dividend of $0.165 per share, representing a yield of 0.72% and a dividend payout ratio of 48.53%.

Kestra Private Wealth Services LLC purchased a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,075 shares of the company's stock, valued at approximately $239,000.

Other large investors have also recently bought and sold shares of the company. NBT Bank N A NY boosted its position in Wheaton Precious Metals by 129.3% during the first quarter. NBT Bank N A NY now owns 415 shares of the company's stock valued at $32,000 after purchasing an additional 234 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of Wheaton Precious Metals in the first quarter valued at approximately $52,000. Headlands Technologies LLC lifted its position in shares of Wheaton Precious Metals by 494.9% in the fourth quarter. Headlands Technologies LLC now owns 696 shares of the company's stock valued at $39,000 after buying an additional 579 shares during the last quarter. Penserra Capital Management LLC lifted its position in shares of Wheaton Precious Metals by 1,812.8% in the first 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 last quarter. Finally, Whittier Trust Co. lifted its position in shares of Wheaton Precious Metals by 77.4% in the first 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 last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock traded up $1.02 during mid-day trading on Friday, reaching $92.53. 682,081 shares of the company were exchanged, compared to its average volume of 1,826,879. The company has a fifty day simple moving average of $90.20 and a 200-day simple moving average of $78.99. Wheaton Precious Metals Corp. has a 12 month low of $53.05 and a 12 month high of $96.83. The firm has a market cap of $42.00 billion, a PE ratio of 68.04, a PEG ratio of 2.54 and a beta of 0.46.

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

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were paid a $0.165 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.7%. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 48.53%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WPM shares. Wall Street Zen raised Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Scotiabank raised their price objective on Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research report on Monday, April 14th. CIBC reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday, July 15th. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday, June 24th. Finally, BMO Capital Markets initiated coverage on Wheaton Precious Metals in a report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price target for the company. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average 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.