Woodward Diversified Capital LLC Purchases New Stake in Wheaton Precious Metals Corp. $WPM

Woodward Diversified Capital LLC purchased a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,200 shares of the company’s stock, valued at approximately $377,000.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Wheaton Precious Metals by 1.8% in the first quarter. Vanguard Group Inc. now owns 17,996,858 shares of the company’s stock valued at $1,396,556,000 after purchasing an additional 324,340 shares during the period. TD Asset Management Inc raised its holdings in Wheaton Precious Metals by 5.0% in the 1st quarter. TD Asset Management Inc now owns 7,512,351 shares of the company’s stock valued at $582,876,000 after acquiring an additional 355,533 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Wheaton Precious Metals by 10.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company’s stock valued at $393,800,000 after acquiring an additional 470,651 shares during the period. JPMorgan Chase & Co. raised its holdings in Wheaton Precious Metals by 5.0% in the 1st quarter. JPMorgan Chase & Co. now owns 3,060,056 shares of the company’s stock valued at $237,552,000 after acquiring an additional 144,782 shares during the period. Finally, Amundi raised its holdings in Wheaton Precious Metals by 33.2% in the 1st quarter. Amundi now owns 2,745,947 shares of the company’s stock valued at $215,557,000 after acquiring an additional 683,674 shares during the period. 70.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. National Bankshares reiterated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. Royal Bank Of Canada increased their target price on Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 4th. UBS Group increased their price objective on Wheaton Precious Metals from $106.00 to $118.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. CIBC increased their price objective on Wheaton Precious Metals from $130.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Wheaton Precious Metals in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.11.

Wheaton Precious Metals Price Performance

Shares of NYSE WPM opened at $111.49 on Thursday. The stock has a market capitalization of $50.61 billion, a PE ratio of 64.44, a P/E/G ratio of 3.00 and a beta of 0.41. The business has a fifty day moving average price of $100.32 and a two-hundred day moving average price of $89.79. Wheaton Precious Metals Corp. has a fifty-two week low of $55.47 and a fifty-two week high of $114.01.

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

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a $0.165 dividend. The ex-dividend date was Thursday, August 21st. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. Wheaton Precious Metals’s payout ratio is presently 38.15%.

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.