J.W. Cole Advisors Inc. Acquires 4,018 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

J.W. Cole Advisors Inc. grew its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 63.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,362 shares of the company's stock after buying an additional 4,018 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Wheaton Precious Metals were worth $804,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WPM. Asahi Life Asset Management CO. LTD. grew its stake in shares of Wheaton Precious Metals by 2.8% in the first quarter. Asahi Life Asset Management CO. LTD. now owns 5,070 shares of the company's stock worth $393,000 after purchasing an additional 140 shares during the last quarter. Continuum Advisory LLC grew its stake in shares of Wheaton Precious Metals by 9.0% in the first quarter. Continuum Advisory LLC now owns 1,823 shares of the company's stock worth $142,000 after purchasing an additional 151 shares during the last quarter. Allworth Financial LP grew its stake in shares of Wheaton Precious Metals by 2.9% in the first quarter. Allworth Financial LP now owns 5,715 shares of the company's stock worth $470,000 after purchasing an additional 161 shares during the last quarter. PFG Investments LLC grew its stake in shares of Wheaton Precious Metals by 0.8% in the first quarter. PFG Investments LLC now owns 22,515 shares of the company's stock worth $1,748,000 after purchasing an additional 172 shares during the last quarter. Finally, PDS Planning Inc grew its stake in shares of Wheaton Precious Metals by 5.0% in the first quarter. PDS Planning Inc now owns 4,497 shares of the company's stock worth $349,000 after purchasing an additional 213 shares during the last quarter. Institutional investors own 70.34% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on WPM shares. Royal Bank Of Canada upped their price target on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. CIBC reiterated an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, July 15th. Raymond James Financial upped their price objective on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, April 15th. Scotiabank upped their price objective 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, UBS Group upped their price objective 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. One 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. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $93.00.

Wheaton Precious Metals Trading Down 0.0%

Shares of WPM traded down $0.00 on Friday, reaching $94.01. The company's stock had a trading volume of 1,551,796 shares, compared to its average volume of 1,706,384. Wheaton Precious Metals Corp. has a twelve month low of $53.05 and a twelve month high of $96.83. The stock has a market capitalization of $42.68 billion, a PE ratio of 69.12, a PEG ratio of 2.64 and a beta of 0.46. The firm has a fifty day moving average of $89.20 and a 200-day moving average of $77.78.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. Wheaton Precious Metals had a net margin of 42.45% and a return on equity of 10.32%. The business had revenue of $470.41 million during the quarter, compared to the consensus estimate of $446.33 million. During the same period in the prior year, the firm posted $0.36 EPS. The firm's quarterly revenue was up 58.4% 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 Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Wednesday, May 28th. Wheaton Precious Metals's payout ratio is 48.53%.

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.