Comprehensive Money Management Services LLC Sells 1,010 Shares of Wheaton Precious Metals Corp. $WPM

Comprehensive Money Management Services LLC reduced its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 5.7% during the second quarter, Holdings Channel.com reports. The firm owned 16,762 shares of the company’s stock after selling 1,010 shares during the quarter. Wheaton Precious Metals accounts for approximately 1.1% of Comprehensive Money Management Services LLC’s holdings, making the stock its 19th biggest position. Comprehensive Money Management Services LLC’s holdings in Wheaton Precious Metals were worth $1,505,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Bulwark Capital Corp purchased a new stake in Wheaton Precious Metals in the 2nd quarter valued at $27,000. NBT Bank N A NY raised its position in Wheaton Precious Metals by 129.3% in the 1st quarter. NBT Bank N A NY now owns 415 shares of the company’s stock valued at $32,000 after buying an additional 234 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new stake in Wheaton Precious Metals in the 1st quarter valued at $38,000. Banque Cantonale Vaudoise purchased a new stake in Wheaton Precious Metals in the 1st quarter valued at $49,000. Finally, Penserra Capital Management LLC raised its position in Wheaton Precious Metals by 1,812.8% in the 1st quarter. Penserra Capital Management LLC now owns 746 shares of the company’s stock valued at $57,000 after buying an additional 707 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wall Street Zen raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Monday, September 8th. Raymond James Financial increased their price target on Wheaton Precious Metals from $114.00 to $127.00 and gave the company an “outperform” rating in a research report on Friday. Weiss Ratings reissued a “buy (b-)” rating on shares of Wheaton Precious Metals in a research report on Wednesday. National Bankshares reissued an “outperform” rating on shares of Wheaton Precious Metals in a research report on Tuesday, June 24th. Finally, CIBC raised their target price on Wheaton Precious Metals from $135.00 to $160.00 and gave the company an “outperformer” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $114.50.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at $105.44 on Friday. Wheaton Precious Metals Corp. has a 1 year low of $55.47 and a 1 year high of $114.00. The firm has a market cap of $47.87 billion, a PE ratio of 60.95, a P/E/G ratio of 2.76 and a beta of 0.41. The stock has a fifty day moving average price of $102.44 and a 200-day moving average price of $91.34.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results 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. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The firm had revenue of $503.22 million during the quarter, compared to analyst estimates of $424.23 million. During the same period last year, the firm posted $0.33 EPS. The business’s revenue was up 68.2% compared to the same quarter last year. As a group, equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors 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 annualized dividend and a yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 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.