U.S. Capital Wealth Advisors LLC Sells 29,649 Shares of Wheaton Precious Metals Corp. $WPM

U.S. Capital Wealth Advisors LLC lessened its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 34.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,233 shares of the company’s stock after selling 29,649 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Wheaton Precious Metals were worth $5,140,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in WPM. Lewis Asset Management LLC bought a new stake in Wheaton Precious Metals during the 2nd quarter worth approximately $294,000. Farther Finance Advisors LLC grew its holdings in Wheaton Precious Metals by 56.8% during the second quarter. Farther Finance Advisors LLC now owns 4,656 shares of the company’s stock worth $418,000 after buying an additional 1,686 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Wheaton Precious Metals by 115.6% during the second quarter. Exchange Traded Concepts LLC now owns 114,605 shares of the company’s stock worth $10,292,000 after buying an additional 61,451 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Wheaton Precious Metals by 3.5% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 169,530 shares of the company’s stock valued at $15,215,000 after buying an additional 5,700 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new position in Wheaton Precious Metals during the 2nd quarter valued at $239,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Down 0.1%

Wheaton Precious Metals stock opened at $107.53 on Tuesday. Wheaton Precious Metals Corp. has a 1-year low of $55.47 and a 1-year high of $109.67. The firm has a market capitalization of $48.81 billion, a PE ratio of 62.15, a price-to-earnings-growth ratio of 2.91 and a beta of 0.42. The firm’s 50 day simple moving average is $97.86 and its 200 day simple moving average is $88.22.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.58 by $0.05. The firm had revenue of $503.22 million during the quarter, compared to the consensus estimate of $424.23 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The business’s quarterly revenue was up 68.2% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. Research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were paid a $0.165 dividend. 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 Ratings Changes

Several analysts have recently commented on WPM shares. BMO Capital Markets reiterated an “outperform” rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. National Bankshares reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a research report on Tuesday, June 24th. Raymond James Financial lifted their target price on shares of Wheaton Precious Metals from $112.00 to $114.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Scotiabank boosted their target price on Wheaton Precious Metals from $108.00 to $109.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 12th. Finally, Berenberg Bank increased their price target on Wheaton Precious Metals from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.78.

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.