ASR Vermogensbeheer N.V. Grows Stake in Wheaton Precious Metals Corp. $WPM

ASR Vermogensbeheer N.V. raised its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,821 shares of the company’s stock after acquiring an additional 200 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Wheaton Precious Metals were worth $2,048,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in 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 acquiring an additional 324,340 shares during the last quarter. TD Asset Management Inc boosted its stake in Wheaton Precious Metals by 5.0% in the first 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Wheaton Precious Metals by 10.2% in the first 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 last quarter. JPMorgan Chase & Co. boosted its stake in Wheaton Precious Metals by 5.0% in the first 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 last quarter. Finally, Amundi boosted its stake in Wheaton Precious Metals by 33.2% in the first 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 last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on WPM shares. UBS Group boosted their price target on shares of Wheaton Precious Metals from $106.00 to $118.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. Raymond James Financial boosted their price target on shares of Wheaton Precious Metals from $112.00 to $114.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Wall Street Zen raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Monday, September 8th. BMO Capital Markets reissued an “outperform” rating on shares of Wheaton Precious Metals in a research report on Friday, August 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Wheaton Precious Metals in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $109.75.

Wheaton Precious Metals Stock Performance

NYSE:WPM opened at $109.73 on Friday. The firm has a market capitalization of $49.81 billion, a price-to-earnings ratio of 63.43, a P/E/G ratio of 2.94 and a beta of 0.41. Wheaton Precious Metals Corp. has a 52-week low of $55.47 and a 52-week high of $114.00. The stock has a fifty day moving average of $100.95 and a 200 day moving average of $90.36.

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

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a $0.165 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend 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.