Wheaton Precious Metals Corp. $WPM Shares Purchased by Hendley & Co. Inc.

Hendley & Co. Inc. boosted its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,775 shares of the company’s stock after purchasing an additional 470 shares during the period. Wheaton Precious Metals makes up about 2.8% of Hendley & Co. Inc.’s investment portfolio, making the stock its 11th biggest holding. Hendley & Co. Inc.’s holdings in Wheaton Precious Metals were worth $8,152,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bulwark Capital Corp acquired a new stake in Wheaton Precious Metals in the 2nd quarter valued at $27,000. NBT Bank N A NY boosted its position in 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 buying an additional 234 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new position in Wheaton Precious Metals in the 1st quarter valued at about $38,000. Banque Cantonale Vaudoise purchased a new position in Wheaton Precious Metals in the 1st quarter valued at about $49,000. Finally, Penserra Capital Management LLC boosted its position in Wheaton Precious Metals by 1,812.8% in the 1st quarter. Penserra Capital Management LLC now owns 746 shares of the company’s stock valued at $57,000 after buying an additional 707 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at $108.34 on Wednesday. Wheaton Precious Metals Corp. has a one year low of $55.47 and a one year high of $114.00. The company’s 50-day simple moving average is $101.61 and its 200-day simple moving average is $90.83. The stock has a market capitalization of $49.18 billion, a price-to-earnings ratio of 62.62, a PEG ratio of 2.95 and a beta of 0.41.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.63 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 analysts’ expectations of $424.23 million. During the same quarter last year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 68.2% compared to the same quarter last year. As a group, research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were issued a $0.165 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 38.15%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WPM. Scotiabank upped their price objective on shares of Wheaton Precious Metals from $108.00 to $109.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 12th. UBS Group upped their price objective on shares of Wheaton Precious Metals from $106.00 to $118.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. Raymond James Financial upped their price objective on shares of Wheaton Precious Metals from $112.00 to $114.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. CIBC upped their price objective on shares of Wheaton Precious Metals from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, September 25th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Wheaton Precious Metals in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $109.75.

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.