Astoria Portfolio Advisors LLC. Has $833,000 Stake in Wheaton Precious Metals Corp. $WPM

Astoria Portfolio Advisors LLC. increased its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 12.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,865 shares of the company’s stock after buying an additional 974 shares during the quarter. Astoria Portfolio Advisors LLC.’s holdings in Wheaton Precious Metals were worth $833,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position 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 position 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 position 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 position in Wheaton Precious Metals by 5.0% during the first quarter. JPMorgan Chase & Co. now owns 3,060,056 shares of the company’s stock worth $237,552,000 after buying an additional 144,782 shares in the last quarter. Finally, Amundi grew its position in Wheaton Precious Metals by 33.2% during the first quarter. Amundi now owns 2,745,947 shares of the company’s stock worth $215,557,000 after buying an additional 683,674 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

WPM has been the topic of a number of analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Wheaton Precious Metals in a research report on Wednesday, October 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. Berenberg Bank raised their target price on Wheaton Precious Metals from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, September 12th. UBS Group raised their target price on Wheaton Precious Metals from $106.00 to $118.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Finally, Raymond James Financial raised their target price on Wheaton Precious Metals from $114.00 to $127.00 and gave the company an “outperform” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.50.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at $105.44 on Monday. Wheaton Precious Metals Corp. has a 52 week low of $55.47 and a 52 week high of $114.00. The stock has a market capitalization of $47.87 billion, a price-to-earnings ratio of 60.95, a PEG ratio of 2.81 and a beta of 0.41. The stock has a fifty day moving average of $102.44 and a 200-day moving average of $91.55.

Wheaton Precious Metals (NYSE:WPM) last announced 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 company had revenue of $503.22 million during the quarter, compared to analysts’ expectations of $424.23 million. During the same period in the prior year, the company earned $0.33 EPS. Wheaton Precious Metals’s revenue was up 68.2% compared to the same quarter last year. As a group, equities analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a $0.165 dividend. 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%.

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.