Williamson Legacy Group LLC Decreases Stock Holdings in Wheaton Precious Metals Corp. $WPM

Williamson Legacy Group LLC decreased its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 62.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,276 shares of the company’s stock after selling 8,731 shares during the quarter. Williamson Legacy Group LLC’s holdings in Wheaton Precious Metals were worth $620,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of WPM. Assetmark Inc. increased its position in shares of Wheaton Precious Metals by 144.4% during the fourth quarter. Assetmark Inc. now owns 220 shares of the company’s stock valued at $26,000 after buying an additional 130 shares during the period. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Wheaton Precious Metals during the fourth quarter valued at about $28,000. Root Financial Partners LLC purchased a new position in shares of Wheaton Precious Metals during the third quarter valued at about $29,000. Navalign LLC purchased a new position in shares of Wheaton Precious Metals during the fourth quarter valued at about $30,000. Finally, Eagle Bay Advisors LLC purchased a new position in shares of Wheaton Precious Metals during the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

NYSE:WPM opened at $130.27 on Wednesday. Wheaton Precious Metals Corp. has a one year low of $84.46 and a one year high of $165.76. The company’s 50-day simple moving average is $133.92 and its 200 day simple moving average is $130.16. The firm has a market capitalization of $59.16 billion, a P/E ratio of 32.90, a PEG ratio of 2.39 and a beta of 0.50.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, May 7th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.24 by $0.04. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The business had revenue of $901.47 million for the quarter, compared to analyst estimates of $868.35 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Wheaton Precious Metals’s quarterly revenue was up 91.7% on a year-over-year basis. On average, equities research analysts expect that Wheaton Precious Metals Corp. will post 4.97 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WPM. Wall Street Zen cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. TD Securities boosted their price target on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, March 16th. BMO Capital Markets began coverage on shares of Wheaton Precious Metals in a research report on Thursday, April 9th. They set an “outperform” rating and a $240.00 price target on the stock. UBS Group upgraded shares of Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Friday, March 27th. Finally, Zacks Research cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Thirteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and an average target price of $155.64.

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.