Wheaton Precious Metals Corp. $WPM Shares Sold by Geneos Wealth Management Inc.

Key Points

• Geneos Wealth Management Inc. has reduced its stake in Wheaton Precious Metals Corp. by 29.2%, now holding 11,244 shares valued at approximately $873,000.
• The company reported a 68.2% increase in year-over-year revenue for the last quarter, reaching $503.22 million, and earnings per share (EPS) of $0.63, exceeding analysts' estimates.
• Wheaton Precious Metals recently announced a quarterly dividend of $0.165, resulting in an annualized dividend yield of 0.6% and a payout ratio of 38.15%.

Geneos Wealth Management Inc. cut its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 29.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 11,244 shares of the company's stock after selling 4,645 shares during the period. Geneos Wealth Management Inc.'s holdings in Wheaton Precious Metals were worth $873,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in WPM. BNP Paribas Financial Markets raised its position in Wheaton Precious Metals by 70.9% during the fourth quarter. BNP Paribas Financial Markets now owns 36,268 shares of the company's stock worth $2,040,000 after acquiring an additional 15,044 shares during the period. Focus Partners Wealth raised its position in Wheaton Precious Metals by 35.1% during the fourth quarter. Focus Partners Wealth now owns 10,142 shares of the company's stock worth $582,000 after acquiring an additional 2,635 shares during the period. Gotham Asset Management LLC raised its position in Wheaton Precious Metals by 83.8% during the fourth quarter. Gotham Asset Management LLC now owns 6,324 shares of the company's stock worth $356,000 after acquiring an additional 2,884 shares during the period. Janus Henderson Group PLC raised its position in Wheaton Precious Metals by 130.1% during the fourth quarter. Janus Henderson Group PLC now owns 189,957 shares of the company's stock worth $10,674,000 after acquiring an additional 107,413 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in shares of Wheaton Precious Metals by 11.8% during the fourth quarter. Quantinno Capital Management LP now owns 14,699 shares of the company's stock worth $827,000 after buying an additional 1,552 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Trading Down 0.5%

Shares of WPM opened at $106.79 on Friday. Wheaton Precious Metals Corp. has a 12-month low of $55.47 and a 12-month high of $108.67. The firm has a 50-day moving average price of $95.90 and a 200 day moving average price of $86.55. The firm has a market capitalization of $48.48 billion, a P/E ratio of 61.73, a P/E/G ratio of 2.95 and a beta of 0.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.05. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. 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 firm posted $0.33 earnings per share. Wheaton Precious Metals's quarterly revenue was up 68.2% on a year-over-year basis. Equities research analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WPM shares. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. CIBC reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, July 15th. Raymond James Financial upped their target price on shares of Wheaton Precious Metals from $112.00 to $114.00 and gave the stock an "outperform" rating in a report on Friday. Royal Bank Of Canada upped their target price on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Wheaton Precious Metals has an average rating of "Moderate Buy" and an average target price of $101.44.

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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