Intellus Advisors LLC Lowers Stock Holdings in Wheaton Precious Metals Corp. $WPM

Intellus Advisors LLC lessened its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 25.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 143,092 shares of the company’s stock after selling 50,083 shares during the quarter. Wheaton Precious Metals comprises approximately 2.2% of Intellus Advisors LLC’s holdings, making the stock its 18th largest position. Intellus Advisors LLC’s holdings in Wheaton Precious Metals were worth $16,816,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC grew its position in Wheaton Precious Metals by 1.9% during the fourth quarter. Concurrent Investment Advisors LLC now owns 4,203 shares of the company’s stock valued at $494,000 after acquiring an additional 78 shares during the period. Gables Capital Management Inc. grew its position in Wheaton Precious Metals by 7.9% during the fourth quarter. Gables Capital Management Inc. now owns 1,079 shares of the company’s stock valued at $127,000 after acquiring an additional 79 shares during the period. Focus Financial Network Inc. grew its position in Wheaton Precious Metals by 2.5% during the fourth quarter. Focus Financial Network Inc. now owns 3,305 shares of the company’s stock valued at $388,000 after acquiring an additional 81 shares during the period. Jamison Private Wealth Management Inc. grew its position in Wheaton Precious Metals by 1.7% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 5,375 shares of the company’s stock valued at $632,000 after acquiring an additional 92 shares during the period. Finally, Capital Investment Advisors LLC grew its position in Wheaton Precious Metals by 3.9% during the fourth quarter. Capital Investment Advisors LLC now owns 2,460 shares of the company’s stock valued at $289,000 after acquiring an additional 93 shares during the period. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WPM shares. TD Securities boosted their price target on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Wheaton Precious Metals in a research report on Wednesday, February 4th. Wall Street Zen downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, TD Cowen boosted their price target on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Thirteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $155.64.

Wheaton Precious Metals Price Performance

Shares of WPM opened at $127.39 on Friday. The stock’s 50-day moving average is $134.95 and its two-hundred day moving average is $129.50. The stock has a market cap of $57.85 billion, a PE ratio of 32.17, a P/E/G ratio of 2.46 and a beta of 0.50. Wheaton Precious Metals Corp. has a 12 month low of $84.05 and a 12 month high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. The company had revenue of $901.47 million for the quarter, compared to analysts’ expectations of $868.35 million. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The firm’s quarterly revenue was up 91.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. On average, research analysts anticipate that Wheaton Precious Metals Corp. will post 4.87 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th will be paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, May 27th. Wheaton Precious Metals’s payout ratio is currently 19.70%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.