JPMorgan Chase & Co. bought a new stake in Silver Wheaton Corp (NYSE:WPM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 231,259 shares of the company’s stock, valued at approximately $4,600,000. JPMorgan Chase & Co. owned 0.05% of Silver Wheaton Corp as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WPM. Swiss National Bank purchased a new stake in Silver Wheaton Corp in the second quarter valued at approximately $79,348,000. State of Tennessee Treasury Department purchased a new stake in Silver Wheaton Corp in the second quarter valued at approximately $7,911,000. Delta Lloyd Asset Management N.V. purchased a new stake in Silver Wheaton Corp in the second quarter valued at approximately $2,932,000. Commerzbank Aktiengesellschaft FI purchased a new stake in Silver Wheaton Corp in the second quarter valued at approximately $2,847,000. Finally, Pinnacle Associates Ltd. purchased a new stake in Silver Wheaton Corp in the second quarter valued at approximately $1,938,000. 48.09% of the stock is currently owned by institutional investors.

Shares of Silver Wheaton Corp (NYSE:WPM) opened at 19.91 on Friday. Silver Wheaton Corp has a 12 month low of $16.94 and a 12 month high of $28.68. The firm has a 50-day moving average price of $19.84 and a 200-day moving average price of $20.10. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 39.74 and a beta of 0.27.

Silver Wheaton Corp (NYSE:WPM) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15. The company had revenue of $200.00 million for the quarter, compared to the consensus estimate of $217.81 million. Silver Wheaton Corp had a net margin of 25.05% and a return on equity of 5.90%. Silver Wheaton Corp’s revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 earnings per share. Equities analysts expect that Silver Wheaton Corp will post $0.61 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Wednesday, August 23rd. This is an increase from Silver Wheaton Corp’s previous quarterly dividend of $0.07. Silver Wheaton Corp’s dividend payout ratio (DPR) is currently 80.00%.

A number of analysts have issued reports on WPM shares. Deutsche Bank AG reissued a “hold” rating and issued a $29.00 target price (down previously from $31.00) on shares of Silver Wheaton Corp in a research report on Sunday, June 25th. Royal Bank Of Canada set a $27.00 target price on Silver Wheaton Corp and gave the company a “buy” rating in a research report on Monday, August 28th. Zacks Investment Research raised Silver Wheaton Corp from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. BMO Capital Markets reissued a “buy” rating and issued a $28.00 target price on shares of Silver Wheaton Corp in a research report on Wednesday, September 6th. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and issued a $27.00 target price on shares of Silver Wheaton Corp in a research report on Sunday, June 18th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $27.25.

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Silver Wheaton Corp Company Profile

Wheaton Precious Metals Corp, formerly Silver Wheaton Corp, is a Canada-based pure precious metals streaming company engaged in the sale of silver and gold. The Company operates through eight segments: the silver produced by the San Dimas, Penasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines, and corporate operations.

Institutional Ownership by Quarter for Silver Wheaton Corp (NYSE:WPM)

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