OneAscent Financial Services LLC Grows Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

OneAscent Financial Services LLC boosted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 100.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,082 shares of the company's stock after buying an additional 7,041 shares during the quarter. OneAscent Financial Services LLC's holdings in Wheaton Precious Metals were worth $1,094,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WPM. Kestra Private Wealth Services LLC purchased a new stake in shares of Wheaton Precious Metals in the first quarter valued at about $239,000. C WorldWide Group Holding A S acquired a new stake in Wheaton Precious Metals in the first quarter valued at approximately $1,655,000. Pecaut & CO. raised its holdings in Wheaton Precious Metals by 4.5% in the first quarter. Pecaut & CO. now owns 11,550 shares of the company's stock valued at $897,000 after acquiring an additional 500 shares in the last quarter. Montrusco Bolton Investments Inc. raised its holdings in Wheaton Precious Metals by 4.6% during the first quarter. Montrusco Bolton Investments Inc. now owns 285,852 shares of the company's stock worth $22,179,000 after purchasing an additional 12,635 shares in the last quarter. Finally, Triasima Portfolio Management inc. raised its holdings in Wheaton Precious Metals by 15.9% during the first quarter. Triasima Portfolio Management inc. now owns 47,500 shares of the company's stock worth $3,685,000 after purchasing an additional 6,500 shares in the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Up 3.4%

Shares of WPM stock traded up $3.02 during trading hours on Monday, reaching $91.34. 1,528,876 shares of the company's stock were exchanged, compared to its average volume of 1,722,681. The business has a fifty day moving average price of $87.93 and a 200-day moving average price of $77.03. The stock has a market capitalization of $41.46 billion, a P/E ratio of 67.16, a P/E/G ratio of 2.53 and a beta of 0.46. Wheaton Precious Metals Corp. has a fifty-two week low of $53.05 and a fifty-two week high of $95.23.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. During the same quarter in the prior year, the firm posted $0.36 earnings per share. The firm's revenue for the quarter was up 58.4% compared to the same quarter last year. As a group, research analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal 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 given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio is currently 48.53%.

Wall Street Analysts Forecast Growth

WPM has been the topic of a number of research reports. CIBC reissued an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, July 15th. Berenberg Bank raised their price target on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. UBS Group raised their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a report on Friday, April 11th. Scotiabank raised their price target on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a report on Monday, April 14th. Finally, Wall Street Zen raised shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of "Buy" and an average target price of $93.00.

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.