Blair William & Co. IL Acquires 2,528 Shares of Wheaton Precious Metals Corp. $WPM

Blair William & Co. IL raised its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 2.4% in the second quarter, HoldingsChannel.com reports. The firm owned 108,670 shares of the company’s stock after purchasing an additional 2,528 shares during the quarter. Blair William & Co. IL’s holdings in Wheaton Precious Metals were worth $9,759,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Bulwark Capital Corp bought a new stake in Wheaton Precious Metals in the 2nd quarter valued at about $27,000. NBT Bank N A NY boosted its holdings 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 purchasing an additional 234 shares during the period. Wealth Preservation Advisors LLC bought a new stake in Wheaton Precious Metals in the 1st quarter valued at about $38,000. Banque Cantonale Vaudoise bought a new stake in shares of Wheaton Precious Metals during the 1st quarter worth approximately $49,000. Finally, Penserra Capital Management LLC lifted its holdings in shares of Wheaton Precious Metals by 1,812.8% during the 1st quarter. Penserra Capital Management LLC now owns 746 shares of the company’s stock worth $57,000 after acquiring an additional 707 shares during the period. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

WPM stock opened at $105.44 on Friday. The company has a 50 day simple moving average of $102.44 and a 200 day simple moving average of $91.45. The stock has a market cap of $47.87 billion, a price-to-earnings ratio of 60.95, a P/E/G ratio of 2.81 and a beta of 0.41. Wheaton Precious Metals Corp. has a 1 year low of $55.47 and a 1 year high of $114.00.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The business had revenue of $503.22 million during the quarter, compared to analysts’ expectations of $424.23 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The firm’s quarterly revenue was up 68.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 EPS. On average, equities research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Raymond James Financial upped their price target on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an “outperform” rating in a report on Friday. UBS Group upped their price target on shares of Wheaton Precious Metals from $106.00 to $118.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. National Bankshares reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. Wall Street Zen raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, September 8th. Finally, CIBC upped their price target on shares of Wheaton Precious Metals from $135.00 to $160.00 and gave the stock an “outperformer” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Wheaton Precious Metals has an average rating of “Moderate Buy” and a consensus target price of $114.50.

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.