Axa boosted its stake in shares of Wheaton Precious Metals Corp (NYSE:WPM) by 6.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 91,931 shares of the company’s stock after purchasing an additional 5,922 shares during the period. Axa’s holdings in Wheaton Precious Metals were worth $1,609,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WPM. Alliancebernstein L.P. lifted its position in Wheaton Precious Metals by 8.9% during the third quarter. Alliancebernstein L.P. now owns 160,624 shares of the company’s stock valued at $2,811,000 after purchasing an additional 13,089 shares in the last quarter. Tobam lifted its position in Wheaton Precious Metals by 11.8% during the third quarter. Tobam now owns 269,000 shares of the company’s stock valued at $4,703,000 after purchasing an additional 28,300 shares in the last quarter. Highstreet Asset Management Inc. lifted its position in Wheaton Precious Metals by 2,086.1% during the third quarter. Highstreet Asset Management Inc. now owns 429,306 shares of the company’s stock valued at $7,512,000 after purchasing an additional 409,668 shares in the last quarter. AGF Investments Inc. lifted its position in Wheaton Precious Metals by 7.9% during the third quarter. AGF Investments Inc. now owns 371,833 shares of the company’s stock valued at $6,506,000 after purchasing an additional 27,301 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Wheaton Precious Metals by 588.5% during the third quarter. JPMorgan Chase & Co. now owns 2,077,956 shares of the company’s stock valued at $36,364,000 after purchasing an additional 1,776,164 shares in the last quarter. 54.21% of the stock is owned by institutional investors.

NYSE:WPM opened at $16.10 on Thursday. The company has a current ratio of 8.04, a quick ratio of 8.04 and a debt-to-equity ratio of 0.27. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 6.24 and a beta of 0.41. Wheaton Precious Metals Corp has a 52 week low of $15.08 and a 52 week high of $22.86.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Wednesday, November 14th. The company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). The business had revenue of $185.77 million for the quarter, compared to the consensus estimate of $191.11 million. Wheaton Precious Metals had a net margin of 33.64% and a return on equity of 5.14%. Wheaton Precious Metals’s revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share. As a group, analysts predict that Wheaton Precious Metals Corp will post 0.51 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.36 dividend on an annualized basis and a yield of 2.24%. Wheaton Precious Metals’s dividend payout ratio is presently 57.14%.

WPM has been the topic of several analyst reports. Barclays initiated coverage on Wheaton Precious Metals in a research report on Wednesday, October 10th. They set an “overweight” rating on the stock. ValuEngine downgraded Wheaton Precious Metals from a “hold” rating to a “sell” rating in a research report on Tuesday, August 28th. Raymond James lifted their target price on Wheaton Precious Metals from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, September 28th. TheStreet downgraded Wheaton Precious Metals from a “b-” rating to a “c+” rating in a research report on Monday, November 12th. Finally, TD Securities lowered their target price on Wheaton Precious Metals from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, November 15th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $25.60.

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Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

See Also: Intrinsic Value

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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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