NFJ Investment Group LLC Has $303,000 Stock Position in Wheaton Precious Metals Corp. $WPM

Key Points

• NFJ Investment Group LLC has reduced its stake in Wheaton Precious Metals Corp. by 42%, now holding a total of 3,899 shares worth $303,000.
• Institutional investors own 70.34% of Wheaton Precious Metals, with significant increases in holdings from multiple firms including Cerity Partners and Sumitomo Mitsui Trust Group.
• Wheaton Precious Metals recently posted earnings per share (EPS) of $0.63, exceeding expectations, and announced a quarterly dividend of $0.165, yielding 0.6%.

NFJ Investment Group LLC lowered its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 42.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,899 shares of the company's stock after selling 2,824 shares during the quarter. NFJ Investment Group LLC's holdings in Wheaton Precious Metals were worth $303,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Cerity Partners LLC lifted its stake in shares of Wheaton Precious Metals by 5.5% in the 1st quarter. Cerity Partners LLC now owns 20,271 shares of the company's stock valued at $1,574,000 after purchasing an additional 1,058 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in Wheaton Precious Metals by 37.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,109 shares of the company's stock worth $630,000 after buying an additional 2,208 shares during the period. Sequoia Financial Advisors LLC raised its stake in Wheaton Precious Metals by 5.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,392 shares of the company's stock worth $419,000 after buying an additional 297 shares during the period. Dynamic Advisor Solutions LLC acquired a new stake in Wheaton Precious Metals during the 1st quarter worth $531,000. Finally, Principal Financial Group Inc. raised its stake in Wheaton Precious Metals by 34.6% during the 1st quarter. Principal Financial Group Inc. now owns 25,244 shares of the company's stock worth $1,959,000 after buying an additional 6,486 shares during the period. Institutional investors and hedge funds own 70.34% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on WPM shares. Wall Street Zen downgraded Wheaton Precious Metals from a "buy" rating to a "hold" rating in a research note on Sunday, August 31st. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. Royal Bank Of Canada raised their price objective on Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. Finally, CIBC reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Wheaton Precious Metals presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.33.

Wheaton Precious Metals Price Performance

WPM opened at $104.36 on Friday. The business's 50-day moving average price is $94.30 and its two-hundred day moving average price is $85.27. Wheaton Precious Metals Corp. has a 1 year low of $55.47 and a 1 year high of $105.98. The company has a market capitalization of $47.37 billion, a price-to-earnings ratio of 60.32, a P/E/G ratio of 2.87 and a beta of 0.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $503.22 million for the quarter, compared to the consensus estimate of $424.23 million. During the same quarter last year, the business posted $0.33 EPS. The company's revenue for the quarter was up 68.2% 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 fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a $0.165 dividend. The ex-dividend date was Thursday, August 21st. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 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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