Legal & General Group Plc Has $270.13 Million Stock Holdings in Wheaton Precious Metals Corp. $WPM

Legal & General Group Plc lifted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 17.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,009,688 shares of the company’s stock after purchasing an additional 455,716 shares during the quarter. Legal & General Group Plc owned 0.66% of Wheaton Precious Metals worth $270,127,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WPM. Pacer Advisors Inc. increased its holdings in Wheaton Precious Metals by 2.9% in the 1st quarter. Pacer Advisors Inc. now owns 4,144 shares of the company’s stock valued at $322,000 after buying an additional 117 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of Wheaton Precious Metals by 2.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 6,737 shares of the company’s stock worth $523,000 after acquiring an additional 140 shares during the period. HB Wealth Management LLC boosted its position in shares of Wheaton Precious Metals by 3.2% during the 2nd quarter. HB Wealth Management LLC now owns 5,068 shares of the company’s stock worth $455,000 after acquiring an additional 156 shares in the last quarter. City State Bank boosted its position in shares of Wheaton Precious Metals by 40.0% during the 2nd quarter. City State Bank now owns 560 shares of the company’s stock worth $50,000 after acquiring an additional 160 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. increased its stake in Wheaton Precious Metals by 0.9% in the second quarter. ASR Vermogensbeheer N.V. now owns 22,821 shares of the company’s stock valued at $2,048,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $99.34 on Friday. The business has a 50 day moving average of $103.82 and a 200-day moving average of $96.06. Wheaton Precious Metals Corp. has a 1 year low of $55.47 and a 1 year high of $114.36. The company has a market capitalization of $45.10 billion, a P/E ratio of 57.42, a P/E/G ratio of 1.67 and a beta of 0.38.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. The firm had revenue of $476.26 million during the quarter, compared to analysts’ expectations of $495.53 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The company’s revenue was up 54.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. Equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th will be given a $0.165 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $0.66 annualized dividend and a dividend yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 30.00%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Wheaton Precious Metals in a research note on Wednesday. Raymond James Financial raised their price objective 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. UBS Group boosted their target price on Wheaton Precious Metals from $118.00 to $122.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. BMO Capital Markets reissued an “outperform” rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and a consensus target price of $124.50.

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.