Focus Partners Advisor Solutions LLC Sells 515 Shares of Wheaton Precious Metals Corp. $WPM

Focus Partners Advisor Solutions LLC lowered its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,378 shares of the company’s stock after selling 515 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Wheaton Precious Metals were worth $1,920,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Wheaton Precious Metals by 1.8% during the first quarter. Vanguard Group Inc. now owns 17,996,858 shares of the company’s stock worth $1,396,556,000 after buying an additional 324,340 shares in the last quarter. TD Asset Management Inc grew its holdings in Wheaton Precious Metals by 5.0% during the first quarter. TD Asset Management Inc now owns 7,512,351 shares of the company’s stock worth $582,876,000 after buying an additional 355,533 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Wheaton Precious Metals by 10.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company’s stock worth $393,800,000 after buying an additional 470,651 shares in the last quarter. JPMorgan Chase & Co. grew its stake 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 purchasing an additional 144,782 shares during the period. Finally, Amundi grew its stake 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 purchasing an additional 683,674 shares during the period. Institutional investors own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WPM. UBS Group upped their price objective on Wheaton Precious Metals from $118.00 to $122.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Wheaton Precious Metals in a research note on Friday. Scotiabank restated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Thursday. BMO Capital Markets restated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. Finally, Berenberg Bank upped their price objective on Wheaton Precious Metals from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.00.

Wheaton Precious Metals Price Performance

Shares of NYSE WPM opened at $98.09 on Monday. Wheaton Precious Metals Corp. has a one year low of $55.47 and a one year high of $114.36. The business’s fifty day moving average price is $103.84 and its 200-day moving average price is $93.62. The stock has a market capitalization of $44.53 billion, a PE ratio of 56.70, a P/E/G ratio of 1.75 and a beta of 0.41.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $424.23 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The business’s revenue for the quarter was up 68.2% compared to the same quarter last year. As a group, equities analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio 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.