Pring Turner Capital Group Inc. Sells 9,231 Shares of Wheaton Precious Metals Corp. $WPM

Pring Turner Capital Group Inc. reduced its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 17.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,344 shares of the company’s stock after selling 9,231 shares during the period. Wheaton Precious Metals comprises 2.6% of Pring Turner Capital Group Inc.’s portfolio, making the stock its 18th largest holding. Pring Turner Capital Group Inc.’s holdings in Wheaton Precious Metals were worth $3,982,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WPM. Vanguard Group Inc. increased its stake in shares of Wheaton Precious Metals by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 18,554,651 shares of the company’s stock worth $1,668,582,000 after purchasing an additional 557,793 shares in the last quarter. TD Asset Management Inc grew its holdings 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 valued at $582,876,000 after purchasing an additional 355,533 shares during the period. Bank of Montreal Can increased its position in Wheaton Precious Metals by 10.3% in the second quarter. Bank of Montreal Can now owns 5,120,087 shares of the company’s stock worth $460,736,000 after buying an additional 478,236 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Wheaton Precious Metals by 10.2% in 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. Finally, Geode Capital Management LLC raised its stake in shares of Wheaton Precious Metals by 20.5% in the second quarter. Geode Capital Management LLC now owns 3,653,717 shares of the company’s stock worth $332,793,000 after buying an additional 622,003 shares during the period. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WPM. Raymond James Financial boosted their price objective on Wheaton Precious Metals from $114.00 to $127.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Scotiabank reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a report on Thursday, October 23rd. BMO Capital Markets reiterated an “outperform” rating on shares of Wheaton Precious Metals in a research report on Friday, August 8th. Bank of America raised their price objective on shares of Wheaton Precious Metals from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Finally, UBS Group lifted their target price on shares of Wheaton Precious Metals from $118.00 to $122.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.50.

Wheaton Precious Metals Trading Down 0.3%

Shares of WPM stock opened at $99.34 on Friday. The stock has a market capitalization of $45.10 billion, a price-to-earnings 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 12-month low of $55.47 and a 12-month high of $114.36. The stock’s 50-day moving average price is $103.82 and its 200-day moving average price is $96.06.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $476.26 million during the quarter, compared to analysts’ expectations of $495.53 million. During the same quarter last year, the business posted $0.34 EPS. The firm’s revenue for the quarter was up 54.5% compared to the same quarter last year. As a group, research analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 30.00%.

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.