Thurston Springer Miller Herd & Titak Inc. Invests $481,000 in Wheaton Precious Metals Corp. $WPM

Key Points

• Thurston Springer Miller Herd & Titak Inc. has acquired a new stake in Wheaton Precious Metals Corp., purchasing 5,355 shares valued at approximately $481,000 during the 2nd quarter.
• Wheaton Precious Metals reported $0.63 EPS for the last quarter, exceeding analysts' estimates, with revenue of $503.22 million, a 68.2% increase year-over-year.
• The company recently paid a quarterly dividend of $0.165, representing a 0.6% dividend yield, with a payout ratio of 38.15%.

Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,355 shares of the company's stock, valued at approximately $481,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. NBT Bank N A NY grew its position 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 purchasing an additional 234 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new stake in shares of Wheaton Precious Metals in the 1st quarter valued at $38,000. Banque Cantonale Vaudoise purchased a new stake in shares of Wheaton Precious Metals in the 1st quarter valued at $49,000. Princeton Global Asset Management LLC purchased a new stake in shares of Wheaton Precious Metals in the 1st quarter valued at $52,000. Finally, Penserra Capital Management LLC boosted its holdings 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 acquiring an additional 707 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Price Performance

NYSE WPM traded up $2.89 on Friday, reaching $107.67. The company had a trading volume of 8,717,457 shares, compared to its average volume of 1,840,410. The firm has a market capitalization of $48.88 billion, a PE ratio of 62.24, a P/E/G ratio of 2.84 and a beta of 0.42. Wheaton Precious Metals Corp. has a 1 year low of $55.47 and a 1 year high of $108.67. The firm has a 50-day moving average of $97.53 and a 200-day moving average of $87.72.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its 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 return on equity of 11.96% and a net margin of 47.46%.The business had revenue of $503.22 million during the quarter, compared to analysts' expectations of $424.23 million. During the same quarter last year, the business posted $0.33 earnings per share. The company's quarterly revenue was up 68.2% on a year-over-year basis. As a group, sell-side analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently commented on WPM. CIBC reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, July 15th. BMO Capital Markets reissued an "outperform" rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. Scotiabank increased their target price on shares of Wheaton Precious Metals from $108.00 to $109.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 12th. Royal Bank Of Canada raised their target price on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. Finally, Wall Street Zen raised shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.78.

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.