Focus Partners Advisor Solutions LLC Has $1.92 Million Stock Position in Wheaton Precious Metals Corp. $WPM

Focus Partners Advisor Solutions LLC reduced its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,378 shares of the company’s stock after selling 515 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Wheaton Precious Metals were worth $1,920,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bulwark Capital Corp acquired a new position in Wheaton Precious Metals in the second quarter valued at approximately $27,000. Wealth Preservation Advisors LLC acquired a new position in Wheaton Precious Metals in the first quarter valued at approximately $38,000. Banque Cantonale Vaudoise acquired a new position in Wheaton Precious Metals in the first quarter valued at approximately $49,000. Penserra Capital Management LLC lifted its stake in Wheaton Precious Metals by 1,812.8% in the first 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 period. Finally, Whittier Trust Co. lifted its stake in Wheaton Precious Metals by 77.4% in the first quarter. Whittier Trust Co. now owns 763 shares of the company’s stock valued at $59,000 after buying an additional 333 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Scotiabank reissued an “outperform” rating on shares of Wheaton Precious Metals in a research note on Thursday. CIBC boosted their price target on Wheaton Precious Metals from $135.00 to $160.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Wheaton Precious Metals in a research note on Friday. Raymond James Financial boosted their price target on Wheaton Precious Metals from $114.00 to $127.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Finally, UBS Group boosted their price target on Wheaton Precious Metals from $118.00 to $122.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $119.00.

Wheaton Precious Metals Stock Down 0.1%

Shares of WPM opened at $98.09 on Monday. Wheaton Precious Metals Corp. has a 12-month low of $55.47 and a 12-month high of $114.36. The business’s fifty day moving average is $103.84 and its 200 day moving average is $93.62. The stock has a market cap of $44.53 billion, a P/E ratio of 56.70, a P/E/G ratio of 1.75 and a beta of 0.41.

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

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Thursday, August 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 38.15%.

Wheaton Precious Metals Company Profile

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.