KCM Investment Advisors LLC Decreases Stock Holdings in Wheaton Precious Metals Corp. $WPM

KCM Investment Advisors LLC lessened its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 10.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,736 shares of the company’s stock after selling 640 shares during the period. KCM Investment Advisors LLC’s holdings in Wheaton Precious Metals were worth $515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in WPM. Bulwark Capital Corp purchased a new position in shares of Wheaton Precious Metals in the 2nd quarter worth approximately $27,000. Wealth Preservation Advisors LLC purchased a new stake in Wheaton Precious Metals during the first quarter valued at approximately $38,000. City State Bank boosted its stake in Wheaton Precious Metals by 40.0% in the second quarter. City State Bank now owns 560 shares of the company’s stock valued at $50,000 after acquiring an additional 160 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Wheaton Precious Metals in the first quarter worth $49,000. Finally, Penserra Capital Management LLC increased its position in shares of Wheaton Precious Metals by 1,812.8% during the first quarter. Penserra Capital Management LLC now owns 746 shares of the company’s stock worth $57,000 after purchasing an additional 707 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WPM. Raymond James Financial raised their price objective on Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Wall Street Zen raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, September 8th. UBS Group boosted their price target on Wheaton Precious Metals from $118.00 to $122.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Wheaton Precious Metals in a research report on Wednesday, October 8th. Finally, CIBC boosted their target price on shares of Wheaton Precious Metals from $135.00 to $160.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Wheaton Precious Metals currently has a consensus rating of “Moderate Buy” and an average target price of $124.50.

Wheaton Precious Metals Trading Up 2.9%

Shares of NYSE:WPM opened at $99.05 on Monday. Wheaton Precious Metals Corp. has a twelve month low of $55.47 and a twelve month high of $114.36. The company has a market cap of $44.97 billion, a PE ratio of 57.25, a price-to-earnings-growth ratio of 1.67 and a beta of 0.38. The company’s 50 day moving average is $104.02 and its 200 day moving average is $94.70.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.59 by $0.03. The business had revenue of $476.26 million for the quarter, compared to the consensus estimate of $495.53 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The business’s revenue for the quarter was up 54.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. Equities research analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, November 20th. Wheaton Precious Metals’s dividend payout ratio is presently 30.00%.

Wheaton Precious Metals Profile

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.