Crescent Grove Advisors LLC Invests $526,000 in Wheaton Precious Metals Corp. $WPM

Crescent Grove Advisors LLC purchased a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,473 shares of the company’s stock, valued at approximately $526,000.

A number of other large investors have also added to or reduced their stakes in the stock. AQR Capital Management LLC bought a new position in shares of Wheaton Precious Metals during the 1st quarter valued at approximately $331,000. Focus Partners Wealth raised its holdings in shares of Wheaton Precious Metals by 10.7% in the 1st quarter. Focus Partners Wealth now owns 11,223 shares of the company’s stock worth $871,000 after purchasing an additional 1,081 shares during the period. Acadian Asset Management LLC purchased a new position in Wheaton Precious Metals in the first quarter valued at approximately $209,000. Sivia Capital Partners LLC purchased a new position in Wheaton Precious Metals in the second quarter valued at approximately $239,000. Finally, Rhumbline Advisers grew its holdings in Wheaton Precious Metals by 28.3% during the second quarter. Rhumbline Advisers now owns 2,952 shares of the company’s stock valued at $265,000 after purchasing an additional 652 shares during the period. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wall Street Zen lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. TD Securities lifted their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, March 16th. TD Cowen boosted their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Scotiabank upped their price objective on shares of Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Finally, UBS Group upgraded shares of Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 target price for the company in a research report on Friday, March 27th. Thirteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and a consensus price target of $155.64.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $128.54 on Friday. The firm has a market capitalization of $58.37 billion, a P/E ratio of 32.46, a PEG ratio of 2.36 and a beta of 0.51. Wheaton Precious Metals Corp. has a one year low of $85.59 and a one year high of $165.76. The business has a fifty day moving average price of $134.37 and a 200-day moving average price of $131.45.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. The company had revenue of $901.47 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 91.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS. Sell-side analysts expect that Wheaton Precious Metals Corp. will post 4.98 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

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

Wheaton Precious Metals Company Profile

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.