Wheaton Precious Metals Corp. $WPM Stock Holdings Reduced by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR cut its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 29.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 451,019 shares of the company’s stock after selling 189,556 shares during the period. Wheaton Precious Metals accounts for about 1.0% of Generali Asset Management SPA SGR’s investment portfolio, making the stock its 21st largest position. Generali Asset Management SPA SGR owned approximately 0.10% of Wheaton Precious Metals worth $44,331,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in WPM. Bulwark Capital Corp bought a new stake in Wheaton Precious Metals in the second quarter worth approximately $27,000. NBT Bank N A NY lifted its stake in shares of 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 last quarter. Wealth Preservation Advisors LLC acquired a new stake in shares of Wheaton Precious Metals in the 1st quarter valued at $38,000. Banque Cantonale Vaudoise bought a new stake in Wheaton Precious Metals in the first quarter worth $49,000. Finally, Penserra Capital Management LLC increased its position in Wheaton Precious Metals by 1,812.8% during the first quarter. Penserra Capital Management LLC now owns 746 shares of the company’s stock worth $57,000 after buying an additional 707 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Down 0.5%

Shares of WPM stock opened at $108.40 on Wednesday. Wheaton Precious Metals Corp. has a 12 month low of $55.47 and a 12 month high of $114.00. The firm has a market cap of $49.21 billion, a PE ratio of 62.66, a price-to-earnings-growth ratio of 2.91 and a beta of 0.41. The stock has a 50 day moving average of $102.91 and a 200-day moving average of $91.90.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data 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 business had revenue of $503.22 million for the quarter, compared to the consensus estimate of $424.23 million. During the same quarter last year, the company posted $0.33 earnings per share. Wheaton Precious Metals’s quarterly revenue was up 68.2% on a year-over-year basis. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a dividend of $0.165 per share. 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%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WPM. Wall Street Zen upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research note on Monday, September 8th. Berenberg Bank boosted their target price on Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Raymond James Financial lifted their price target on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the company an “outperform” rating in a research report on Friday. 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 note on Friday, September 19th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. One 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. Based on data from MarketBeat.com, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and a consensus target price of $114.50.

Wheaton Precious Metals Company 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.