Wheaton Precious Metals Corp. $WPM Shares Sold by Skerryvore Asset Management Ltd

Skerryvore Asset Management Ltd lowered its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 3.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,200 shares of the company’s stock after selling 1,800 shares during the quarter. Wheaton Precious Metals accounts for about 3.2% of Skerryvore Asset Management Ltd’s investment portfolio, making the stock its 5th biggest holding. Skerryvore Asset Management Ltd’s holdings in Wheaton Precious Metals were worth $3,975,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of WPM. First Trust Advisors LP lifted its stake in Wheaton Precious Metals by 701.8% in the fourth quarter. First Trust Advisors LP now owns 108,190 shares of the company’s stock valued at $6,085,000 after buying an additional 94,696 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Wheaton Precious Metals by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 621,196 shares of the company’s stock valued at $34,936,000 after buying an additional 50,014 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Wheaton Precious Metals by 355.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,121 shares of the company’s stock valued at $682,000 after buying an additional 9,460 shares in the last quarter. Stifel Financial Corp lifted its stake in Wheaton Precious Metals by 29.2% in the fourth quarter. Stifel Financial Corp now owns 108,690 shares of the company’s stock valued at $6,113,000 after buying an additional 24,588 shares in the last quarter. Finally, Capital Analysts LLC lifted its stake in Wheaton Precious Metals by 61.2% in the fourth quarter. Capital Analysts LLC now owns 2,041 shares of the company’s stock valued at $115,000 after buying an additional 775 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

NYSE:WPM opened at $95.5120 on Monday. Wheaton Precious Metals Corp. has a one year low of $55.47 and a one year high of $103.81. The company has a market cap of $43.36 billion, a P/E ratio of 55.21, a P/E/G ratio of 2.65 and a beta of 0.39. The firm’s fifty day moving average price is $92.34 and its two-hundred day moving average price is $83.16.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.63 EPS for the quarter, beating 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 the consensus estimate of $424.23 million. During the same period in the previous year, the company earned $0.33 earnings per share. The company’s quarterly revenue was up 68.2% on a year-over-year basis. As a group, equities research analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be paid a $0.165 dividend. The ex-dividend date is Thursday, August 21st. This represents a $0.66 annualized dividend and a dividend yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio is 38.15%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WPM shares. CIBC reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a research note on Tuesday, July 15th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. UBS Group set a $106.00 price objective on shares of Wheaton Precious Metals and gave the stock a “neutral” rating in a research report on Monday, August 11th. Berenberg Bank boosted their price objective on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, July 3rd. Finally, Wall Street Zen raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and a consensus target price of $97.33.

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.