Tcfg Wealth Management LLC Lowers Position in Wheaton Precious Metals Corp. $WPM

Tcfg Wealth Management LLC lessened its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,256 shares of the company’s stock after selling 400 shares during the quarter. Wheaton Precious Metals makes up about 1.1% of Tcfg Wealth Management LLC’s holdings, making the stock its 15th largest position. Tcfg Wealth Management LLC’s holdings in Wheaton Precious Metals were worth $2,358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of WPM. Cerity Partners LLC lifted its stake in Wheaton Precious Metals by 5.5% during the 1st quarter. Cerity Partners LLC now owns 20,271 shares of the company’s stock valued at $1,574,000 after acquiring an additional 1,058 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Wheaton Precious Metals by 37.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,109 shares of the company’s stock valued at $630,000 after purchasing an additional 2,208 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Wheaton Precious Metals by 5.8% during the first quarter. Sequoia Financial Advisors LLC now owns 5,392 shares of the company’s stock valued at $419,000 after purchasing an additional 297 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Wheaton Precious Metals by 18.0% during the first quarter. Voya Investment Management LLC now owns 747,477 shares of the company’s stock worth $58,026,000 after purchasing an additional 113,835 shares during the last quarter. Finally, B.O.S.S. Retirement Advisors LLC purchased a new position in Wheaton Precious Metals during the second quarter worth about $218,000. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Shares of NYSE WPM opened at $109.90 on Tuesday. The stock has a market capitalization of $49.89 billion, a PE ratio of 63.53, a P/E/G ratio of 2.94 and a beta of 0.41. Wheaton Precious Metals Corp. has a one year low of $55.47 and a one year high of $114.00. The business’s fifty day moving average price is $101.31 and its 200-day moving average price is $90.70.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, topping 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 revenue for the quarter was up 68.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. As a group, equities analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 21st. Wheaton Precious Metals’s dividend payout ratio is presently 38.15%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on WPM shares. UBS Group lifted their target price on shares of Wheaton Precious Metals from $106.00 to $118.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. Berenberg Bank lifted their price target on Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, September 12th. CIBC upped their price objective on Wheaton Precious Metals from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. Scotiabank raised their target price on Wheaton Precious Metals from $108.00 to $109.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and a consensus target price of $109.75.

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.