Wheaton Precious Metals Corp. $WPM Shares Purchased by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC increased its shareholding in Wheaton Precious Metals Corp. by 74.6% in the first quarter, now owning 21,893 shares valued at approximately $1.7 million.
• Wheaton Precious Metals reported an EPS of $0.63 for the most recent quarter, exceeding analysts' expectations and marking a 68.2% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.165 per share, representing an annualized dividend of $0.66 and a yield of 0.6%.

Focus Partners Advisor Solutions LLC increased its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 74.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,893 shares of the company's stock after purchasing an additional 9,354 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Wheaton Precious Metals were worth $1,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the stock. NBT Bank N A NY increased its position in shares of Wheaton Precious Metals by 129.3% in the first quarter. NBT Bank N A NY now owns 415 shares of the company's stock valued at $32,000 after buying an additional 234 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new position in Wheaton Precious Metals during the first quarter worth $38,000. Banque Cantonale Vaudoise acquired a new position in Wheaton Precious Metals during the first quarter worth $49,000. Princeton Global Asset Management LLC purchased a new position in Wheaton Precious Metals during the first quarter valued at $52,000. Finally, Penserra Capital Management LLC grew its position in shares of Wheaton Precious Metals by 1,812.8% in the first quarter. Penserra Capital Management LLC now owns 746 shares of the company's stock valued at $57,000 after purchasing an additional 707 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at $101.56 on Wednesday. The stock's 50 day simple moving average is $93.44 and its 200-day simple moving average is $84.55. The stock has a market cap of $46.10 billion, a P/E ratio of 58.71, a P/E/G ratio of 2.77 and a beta of 0.42. Wheaton Precious Metals Corp. has a 1-year low of $55.47 and a 1-year high of $103.81.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.05. The firm had revenue of $503.22 million for the quarter, compared to the consensus estimate of $424.23 million. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The firm's revenue was up 68.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share. As a group, research 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 declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 21st. Wheaton Precious Metals's payout ratio is currently 38.15%.

Analyst Ratings Changes

A number of research firms have recently commented on WPM. Berenberg Bank boosted their target price on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Royal Bank Of Canada boosted 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. Scotiabank raised their target price 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. CIBC reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, July 15th. Finally, Wall Street Zen downgraded Wheaton Precious Metals from a "buy" rating to a "hold" rating in a research note on Sunday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $97.33.

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.

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