Woodward Diversified Capital LLC Makes New $377,000 Investment in Wheaton Precious Metals Corp. $WPM

Key Points

• Woodward Diversified Capital LLC has made a new investment of $377,000 in Wheaton Precious Metals Corp., purchasing 4,200 shares during the second quarter.
• The company reported earnings of $0.63 per share for the last quarter, exceeding analysts' expectations, with revenue increasing by 68.2% year-over-year.
• Wheaton Precious Metals recently announced a quarterly dividend of $0.165, providing an annualized yield of 0.6%.

Woodward Diversified Capital LLC bought a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,200 shares of the company's stock, valued at approximately $377,000.

Other institutional investors have also modified their holdings of the company. Bulwark Capital Corp bought a new position in Wheaton Precious Metals in the second quarter valued at approximately $27,000. NBT Bank N A NY lifted its position in Wheaton Precious Metals by 129.3% in the 1st quarter. NBT Bank N A NY now owns 415 shares of the company's stock valued at $32,000 after acquiring an additional 234 shares in the last quarter. Wealth Preservation Advisors LLC bought a new stake in Wheaton Precious Metals in the 1st quarter valued at $38,000. Banque Cantonale Vaudoise bought a new stake in Wheaton Precious Metals in the 1st quarter valued at $49,000. Finally, Princeton Global Asset Management LLC bought a new stake in Wheaton Precious Metals in the 1st quarter valued at $52,000. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Stock Down 0.3%

Shares of Wheaton Precious Metals stock opened at $111.49 on Thursday. Wheaton Precious Metals Corp. has a 12-month low of $55.47 and a 12-month high of $114.01. The stock has a market cap of $50.61 billion, a P/E ratio of 64.44, a P/E/G ratio of 3.00 and a beta of 0.41. The business's 50 day moving average is $100.32 and its 200-day moving average is $89.79.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $424.23 million. During the same period in the prior year, the firm posted $0.33 earnings per share. The company's quarterly revenue was up 68.2% compared to the same quarter last year. On average, sell-side analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued 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 is presently 38.15%.

Analysts Set New Price Targets

A number of brokerages have recently commented on WPM. Wall Street Zen upgraded Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday, September 8th. Royal Bank Of Canada boosted their target price on Wheaton Precious Metals from $80.00 to $90.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday, June 24th. UBS Group boosted their price objective on shares of Wheaton Precious Metals from $106.00 to $118.00 and gave the stock a "neutral" rating in a research report on Friday, September 19th. Finally, Scotiabank boosted their price objective on shares of Wheaton Precious Metals from $108.00 to $109.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 12th. One research 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.11.

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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