Personal CFO Solutions LLC Buys New Shares in Wheaton Precious Metals Corp. $WPM

Personal CFO Solutions LLC purchased a new position in Wheaton Precious Metals Corp. (NYSE:WPM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,960 shares of the company’s stock, valued at approximately $266,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Wheaton Precious Metals by 3.1% in the second quarter. Vanguard Group Inc. now owns 18,554,651 shares of the company’s stock worth $1,668,582,000 after acquiring an additional 557,793 shares during the period. TD Asset Management Inc lifted its holdings in Wheaton Precious Metals by 5.0% in the 1st quarter. TD Asset Management Inc now owns 7,512,351 shares of the company’s stock worth $582,876,000 after purchasing an additional 355,533 shares in the last quarter. Bank of Montreal Can lifted its holdings in Wheaton Precious Metals by 10.3% in the 2nd quarter. Bank of Montreal Can now owns 5,120,087 shares of the company’s stock worth $460,736,000 after purchasing an additional 478,236 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Wheaton Precious Metals by 10.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company’s stock worth $393,800,000 after purchasing an additional 470,651 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Wheaton Precious Metals by 20.5% during the second quarter. Geode Capital Management LLC now owns 3,653,717 shares of the company’s stock worth $332,793,000 after acquiring an additional 622,003 shares during the last quarter. 70.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WPM has been the topic of a number of research reports. UBS Group lifted their price target on shares of Wheaton Precious Metals from $118.00 to $122.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Bank of America lifted their target price on Wheaton Precious Metals from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wheaton Precious Metals in a research report on Wednesday. BMO Capital Markets restated an “outperform” rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and an average target price of $124.50.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at $99.34 on Friday. The company has a market cap of $45.10 billion, a PE ratio of 57.42, a price-to-earnings-growth ratio of 1.67 and a beta of 0.38. Wheaton Precious Metals Corp. has a 1 year low of $55.47 and a 1 year high of $114.36. The stock’s 50 day simple moving average is $103.82 and its two-hundred day simple moving average is $96.06.

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

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th will be given a dividend of $0.165 per share. The ex-dividend date is Thursday, November 20th. This represents a $0.66 dividend on an annualized basis and a yield of 0.7%. Wheaton Precious Metals’s payout ratio is 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.