25,253 Shares in Wheaton Precious Metals Corp. $WPM Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. acquired a new position in Wheaton Precious Metals Corp. (NYSE:WPM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,253 shares of the company’s stock, valued at approximately $2,836,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WPM. Norges Bank acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth $864,977,000. BlackRock Inc. acquired a new stake in shares of Wheaton Precious Metals in the second quarter valued at about $581,250,000. Deutsche Bank AG acquired a new stake in shares of Wheaton Precious Metals in the second quarter valued at about $310,372,000. Arrowstreet Capital Limited Partnership boosted its holdings in Wheaton Precious Metals by 40.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,912,588 shares of the company’s stock worth $694,951,000 after buying an additional 1,715,540 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Wheaton Precious Metals by 10.7% during the fourth quarter. Van ECK Associates Corp now owns 14,469,877 shares of the company’s stock worth $1,700,517,000 after buying an additional 1,402,092 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on WPM shares. Jefferies Financial Group lowered their target price on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Bank of America reduced their price target on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Weiss Ratings lowered Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Berenberg Bank set a $157.00 price target on Wheaton Precious Metals in a report on Tuesday, July 28th. Finally, Royal Bank Of Canada dropped their price objective on Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Twelve equities 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $165.55.

Wheaton Precious Metals Price Performance

Shares of NYSE WPM opened at $160.25 on Tuesday. The stock has a market cap of $72.78 billion, a price-to-earnings ratio of 35.53, a PEG ratio of 2.79 and a beta of 0.55. Wheaton Precious Metals Corp. has a 52 week low of $92.57 and a 52 week high of $165.76. The company’s 50-day moving average price is $119.91 and its 200 day moving average price is $130.64. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.20.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, August 6th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. The firm had revenue of $878.00 million during the quarter, compared to the consensus estimate of $879.29 million. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The firm’s revenue for the quarter was up 84.7% on a year-over-year basis. During the same period last year, the firm posted $0.63 EPS. As a group, research analysts forecast that Wheaton Precious Metals Corp. will post 4.8 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 Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 20th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 17.29%.

Wheaton Precious Metals 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.