Sei Investments Co. Has $26.98 Million Stock Position in Wheaton Precious Metals Corp. $WPM

Sei Investments Co. boosted its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 45.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 205,919 shares of the company’s stock after acquiring an additional 64,079 shares during the quarter. Sei Investments Co.’s holdings in Wheaton Precious Metals were worth $26,978,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Cetera Investment Advisers boosted its stake in shares of Wheaton Precious Metals by 16.0% during the first quarter. Cetera Investment Advisers now owns 128,077 shares of the company’s stock valued at $16,779,000 after purchasing an additional 17,647 shares in the last quarter. NewEdge Wealth LLC increased its stake in shares of Wheaton Precious Metals by 2.9% in the first quarter. NewEdge Wealth LLC now owns 59,803 shares of the company’s stock valued at $7,835,000 after buying an additional 1,679 shares during the period. First Trust Advisors LP increased its stake in shares of Wheaton Precious Metals by 34.2% in the first quarter. First Trust Advisors LP now owns 44,170 shares of the company’s stock valued at $5,791,000 after buying an additional 11,255 shares during the period. Baader Bank Aktiengesellschaft bought a new position in Wheaton Precious Metals in the 1st quarter valued at approximately $619,000. Finally, Piar LLC acquired a new stake in Wheaton Precious Metals during the 1st quarter worth approximately $249,000. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Stock Up 0.4%

Shares of NYSE WPM opened at $111.91 on Tuesday. The company has a market capitalization of $50.83 billion, a PE ratio of 28.26, a P/E/G ratio of 2.01 and a beta of 0.55. Wheaton Precious Metals Corp. has a twelve month low of $90.39 and a twelve month high of $165.76. The firm has a fifty day simple moving average of $117.15 and a 200 day simple moving average of $131.63.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $901.47 million during the quarter, compared to the consensus estimate of $868.35 million. During the same period last year, the business posted $0.55 EPS. The business’s revenue was up 91.7% compared to the same quarter last year. As a group, equities analysts expect that Wheaton Precious Metals Corp. will post 4.73 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were paid a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.78 annualized dividend and a yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 19.70%.

Analyst Ratings Changes

WPM has been the subject of several recent research reports. Scotiabank decreased their price target on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. Royal Bank Of Canada cut their price target on shares of Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. UBS Group reduced their price objective on shares of Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Bank of America decreased their price objective on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Finally, BMO Capital Markets initiated coverage on Wheaton Precious Metals in a research report on Thursday, April 9th. They set an “outperform” rating and a $240.00 target price for the company. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $161.09.

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.