Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Reduces Position in Wheaton Precious Metals Corp. $WPM

Key Points

• Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. has reduced its stake in Wheaton Precious Metals by 13.2%, owning 19,700 shares after selling 3,000 shares in the 2nd quarter.
• Wheaton Precious Metals reported $0.63 earnings per share, exceeding analysts' expectations of $0.58, with a 68.2% increase in quarterly revenue compared to the same period last year.
• The company announced a quarterly dividend of $0.165 per share, representing an annualized yield of 0.6% and a payout ratio of 38.15%.

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. trimmed its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 13.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,700 shares of the company's stock after selling 3,000 shares during the quarter. Wheaton Precious Metals accounts for 8.4% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s portfolio, making the stock its 2nd biggest holding. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s holdings in Wheaton Precious Metals were worth $1,764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Wheaton Precious Metals by 1.8% in the first quarter. Vanguard Group Inc. now owns 17,996,858 shares of the company's stock worth $1,396,556,000 after purchasing an additional 324,340 shares during the last quarter. TD Asset Management Inc raised its stake in shares of Wheaton Precious Metals by 5.0% in the first quarter. TD Asset Management Inc now owns 7,512,351 shares of the company's stock worth $582,876,000 after purchasing an additional 355,533 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Wheaton Precious Metals by 10.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company's stock worth $393,800,000 after purchasing an additional 470,651 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Wheaton Precious Metals by 5.0% in the first quarter. JPMorgan Chase & Co. now owns 3,060,056 shares of the company's stock worth $237,552,000 after purchasing an additional 144,782 shares during the last quarter. Finally, Amundi raised its stake in shares of Wheaton Precious Metals by 33.2% in the first quarter. Amundi now owns 2,745,947 shares of the company's stock worth $215,557,000 after purchasing an additional 683,674 shares during the last quarter. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Stock Down 7.8%

Shares of WPM opened at $104.68 on Friday. The business has a 50-day simple moving average of $103.49 and a two-hundred day simple moving average of $92.46. The stock has a market cap of $47.52 billion, a price-to-earnings ratio of 60.51, a PEG ratio of 3.02 and a beta of 0.41. Wheaton Precious Metals Corp. has a 52 week low of $55.47 and a 52 week high of $114.36.

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 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 firm had revenue of $503.22 million during the quarter, compared to analyst estimates of $424.23 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The business's quarterly revenue was up 68.2% compared to the same quarter last year. On average, equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were given a dividend of $0.165 per share. 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 currently 38.15%.

Analyst Ratings Changes

A number of research firms recently commented on WPM. CIBC upped their price objective on Wheaton Precious Metals from $135.00 to $160.00 and gave the company an "outperformer" rating in a research report on Friday, October 10th. Bank of America upped their price objective on Wheaton Precious Metals from $127.00 to $132.00 and gave the company a "buy" rating in a research report on Thursday. Scotiabank upped their price objective on Wheaton Precious Metals from $108.00 to $109.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 12th. UBS Group upped their price objective on Wheaton Precious Metals from $118.00 to $122.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Wall Street Zen upgraded Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Wheaton Precious Metals presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.89.

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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