Mn Services Vermogensbeheer B.V. Buys 5,700 Shares of Wheaton Precious Metals Corp. $WPM

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Wheaton Precious Metals by 3.5% in the second quarter, now holding 169,530 shares valued at $15,215,000.
• Wheaton Precious Metals reported a quarterly EPS of $0.63, surpassing analyst expectations of $0.58, with a significant year-over-year revenue increase of 68.2%.
• Wheaton Precious Metals recently announced a quarterly dividend of $0.165 per share, translating to an annualized dividend yield of 0.6%.

Mn Services Vermogensbeheer B.V. grew its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,530 shares of the company's stock after buying an additional 5,700 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Wheaton Precious Metals were worth $15,215,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Wheaton Precious Metals by 1.8% during 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. TD Asset Management Inc raised its position in shares of Wheaton Precious Metals by 5.0% during the 1st quarter. TD Asset Management Inc now owns 7,512,351 shares of the company's stock valued at $582,876,000 after purchasing an additional 355,533 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Wheaton Precious Metals by 10.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company's stock valued at $393,800,000 after purchasing an additional 470,651 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Wheaton Precious Metals by 54.4% during 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings 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 worth $237,552,000 after buying an additional 144,782 shares during the period. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Trading Down 0.1%

WPM traded down $0.13 on Monday, hitting $107.53. 2,962,453 shares of the company's stock traded hands, compared to its average volume of 2,204,320. The company's 50 day simple moving average is $97.86 and its 200-day simple moving average is $88.22. The firm has a market cap of $48.81 billion, a price-to-earnings ratio of 62.15, a P/E/G ratio of 2.91 and a beta of 0.42. Wheaton Precious Metals Corp. has a one year low of $55.47 and a one year high of $109.67.

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

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were paid a $0.165 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. Wheaton Precious Metals's payout ratio is presently 38.15%.

Analysts Set New Price Targets

Several research analysts recently weighed in on WPM shares. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. CIBC reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, July 15th. Scotiabank lifted their target price on 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. UBS Group lifted their target price on Wheaton Precious Metals from $106.00 to $118.00 and gave the company a "neutral" rating in a research note on Friday. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $102.78.

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.