Total Wealth Planning & Management Inc. Buys New Position in Wheaton Precious Metals Corp. $WPM

Total Wealth Planning & Management Inc. bought a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,107 shares of the company’s stock, valued at approximately $483,000.

Several other hedge funds also recently modified their holdings of the stock. Concurrent Investment Advisors LLC boosted its position in shares of Wheaton Precious Metals by 1.9% during the fourth quarter. Concurrent Investment Advisors LLC now owns 4,203 shares of the company’s stock valued at $494,000 after buying an additional 78 shares during the last quarter. Gables Capital Management Inc. boosted its position in shares of Wheaton Precious Metals by 7.9% during the fourth quarter. Gables Capital Management Inc. now owns 1,079 shares of the company’s stock valued at $127,000 after buying an additional 79 shares during the last quarter. Focus Financial Network Inc. boosted its position in shares of Wheaton Precious Metals by 2.5% during the fourth quarter. Focus Financial Network Inc. now owns 3,305 shares of the company’s stock valued at $388,000 after buying an additional 81 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of Wheaton Precious Metals by 0.8% during the fourth quarter. J.W. Cole Advisors Inc. now owns 11,926 shares of the company’s stock valued at $1,343,000 after buying an additional 91 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. boosted its position in shares of Wheaton Precious Metals by 1.7% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 5,375 shares of the company’s stock valued at $632,000 after buying an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on WPM shares. Scotiabank lifted their target price on Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Zacks Research cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. TD Securities boosted their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Wall Street Zen cut Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, TD Cowen boosted their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Thirteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $155.64.

Wheaton Precious Metals Trading Up 2.9%

WPM stock opened at $128.54 on Friday. The stock’s fifty day simple moving average is $134.37 and its two-hundred day simple moving average is $131.45. Wheaton Precious Metals Corp. has a 1-year low of $85.59 and a 1-year high of $165.76. The stock has a market cap of $58.37 billion, a P/E ratio of 32.46, a P/E/G ratio of 2.36 and a beta of 0.51.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.04. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The business had revenue of $901.47 million for the quarter, compared to analysts’ expectations of $868.35 million. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The business’s revenue was up 91.7% on a year-over-year basis. As a group, analysts forecast that Wheaton Precious Metals Corp. will post 4.98 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

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

About Wheaton Precious Metals

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.