KOM Wealth Management Group LLC Sells 6,632 Shares of Wheaton Precious Metals Corp. $WPM

KOM Wealth Management Group LLC lowered its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 33.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,405 shares of the company’s stock after selling 6,632 shares during the period. Wheaton Precious Metals makes up about 0.9% of KOM Wealth Management Group LLC’s holdings, making the stock its 15th biggest position. KOM Wealth Management Group LLC’s holdings in Wheaton Precious Metals were worth $1,793,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in WPM. Cornerstone Planning Group LLC boosted its holdings in shares of Wheaton Precious Metals by 245.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 228 shares of the company’s stock worth $29,000 after buying an additional 162 shares in the last quarter. Hollencrest Capital Management increased its stake in shares of Wheaton Precious Metals by 73.5% in the 1st quarter. Hollencrest Capital Management now owns 236 shares of the company’s stock valued at $31,000 after acquiring an additional 100 shares in the last quarter. Hickory Point Bank & Trust bought a new stake in shares of Wheaton Precious Metals in the 3rd quarter valued at $40,000. Bangor Savings Bank acquired a new position in shares of Wheaton Precious Metals during the 3rd quarter valued at $40,000. Finally, Wellington Altus USA Inc. lifted its position in shares of Wheaton Precious Metals by 446.7% during the 2nd quarter. Wellington Altus USA Inc. now owns 328 shares of the company’s stock valued at $37,000 after acquiring an additional 268 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Berenberg Bank set a $157.00 target price on shares of Wheaton Precious Metals in a research note on Tuesday, July 28th. Scotiabank reduced their price target on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a report on Tuesday, July 14th. Jefferies Financial Group decreased their price target on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Bank of America dropped their price objective on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, Weiss Ratings upgraded shares of Wheaton Precious Metals from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, October 9th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $172.11.

Wheaton Precious Metals Trading Up 2.8%

NYSE WPM opened at $133.18 on Friday. The company has a market cap of $60.49 billion, a price-to-earnings ratio of 29.53, a P/E/G ratio of 2.36 and a beta of 0.54. Wheaton Precious Metals Corp. has a 52 week low of $92.57 and a 52 week high of $165.76. The business has a 50 day moving average price of $144.52 and a 200-day moving average price of $131.61. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.20.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%. The company had revenue of $878.00 million for the quarter, compared to analysts’ expectations of $879.29 million. During the same period last year, the business earned $0.63 EPS. Wheaton Precious Metals’s quarterly revenue was up 84.7% compared to the same quarter last year. As a group, equities analysts expect that Wheaton Precious Metals Corp. will post 4.80 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were issued a dividend of $0.1950 per share. The ex-dividend date was Thursday, August 20th. This represents a $0.78 annualized dividend and a yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio is presently 17.29%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. is a precious metals streaming company headquartered in Vancouver, Canada. Rather than operating mines directly, the company provides mining companies with upfront financing in exchange for the right to purchase a portion of the gold, silver, palladium, cobalt and other metals produced by designated mining operations at predetermined prices.

Wheaton’s streaming portfolio is supported by agreements with mining operations in the Americas and other regions, including Canada, the United States, Mexico, Peru, Brazil and Chile.