Deutsche Bank AG Acquires 250,825 Shares of Wheaton Precious Metals Corp. $WPM

Deutsche Bank AG lifted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,181,431 shares of the company’s stock after purchasing an additional 250,825 shares during the period. Deutsche Bank AG’s holdings in Wheaton Precious Metals were worth $373,882,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. BLI Banque de Luxembourg Investments increased its holdings in Wheaton Precious Metals by 2.2% in the 4th quarter. BLI Banque de Luxembourg Investments now owns 393,500 shares of the company’s stock worth $46,239,000 after acquiring an additional 8,500 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in Wheaton Precious Metals in the 4th quarter worth about $564,000. Cerity Partners LLC increased its holdings in Wheaton Precious Metals by 49.6% in the 4th quarter. Cerity Partners LLC now owns 37,326 shares of the company’s stock worth $4,387,000 after acquiring an additional 12,378 shares during the last quarter. LPL Financial LLC increased its holdings in Wheaton Precious Metals by 0.3% in the 4th quarter. LPL Financial LLC now owns 229,626 shares of the company’s stock worth $26,986,000 after acquiring an additional 785 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Wheaton Precious Metals by 12.0% in the 4th quarter. Franklin Resources Inc. now owns 181,246 shares of the company’s stock worth $21,308,000 after acquiring an additional 19,386 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Stock Down 4.5%

Shares of NYSE WPM opened at $107.54 on Thursday. Wheaton Precious Metals Corp. has a 52 week low of $85.59 and a 52 week high of $165.76. The business has a 50-day simple moving average of $133.59 and a two-hundred day simple moving average of $131.75. The company has a market cap of $48.84 billion, a P/E ratio of 27.16, a P/E/G ratio of 2.12 and a beta of 0.51.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, May 7th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.24 by $0.04. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The business had revenue of $901.47 million during the quarter, compared to the consensus estimate of $868.35 million. During the same quarter last year, the company earned $0.55 EPS. The firm’s revenue was up 91.7% compared to the same quarter last year. Equities research analysts anticipate that Wheaton Precious Metals Corp. will post 4.98 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were paid a $0.195 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.78 annualized dividend and a yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 19.70%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Scotiabank lifted their price objective on Wheaton Precious Metals from $178.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. TD Securities lifted their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, March 16th. TD Cowen lifted their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Wall Street Zen lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, UBS Group raised Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Friday, March 27th. Thirteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $155.64.

Wheaton Precious Metals Company 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.