Wheaton Precious Metals Corp. $WPM Shares Acquired by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC grew its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 1,000.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,100 shares of the company’s stock after acquiring an additional 1,000 shares during the period. JFS Wealth Advisors LLC’s holdings in Wheaton Precious Metals were worth $99,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of WPM. Canada Pension Plan Investment Board grew its stake in shares of Wheaton Precious Metals by 57.6% in the first quarter. Canada Pension Plan Investment Board now owns 2,097,735 shares of the company’s stock worth $162,811,000 after acquiring an additional 766,947 shares in the last quarter. Amundi lifted its position in shares of Wheaton Precious Metals by 33.2% during the 1st quarter. Amundi now owns 2,745,947 shares of the company’s stock worth $215,557,000 after purchasing an additional 683,674 shares during the last quarter. Perpetual Ltd purchased a new stake in shares of Wheaton Precious Metals during the 1st quarter worth $50,430,000. Nuveen LLC purchased a new stake in shares of Wheaton Precious Metals during the 1st quarter worth $36,885,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Wheaton Precious Metals by 10.2% during 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 last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Shares of WPM opened at $105.44 on Friday. Wheaton Precious Metals Corp. has a 1-year low of $55.47 and a 1-year high of $114.00. The stock has a market cap of $47.87 billion, a PE ratio of 60.95, a price-to-earnings-growth ratio of 2.81 and a beta of 0.41. The firm has a fifty day moving average price of $102.44 and a 200 day moving average price of $91.45.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The firm had revenue of $503.22 million during the quarter, compared to analysts’ expectations of $424.23 million. During the same period in the previous year, the company earned $0.33 earnings per share. Wheaton Precious Metals’s quarterly revenue was up 68.2% compared to the same quarter last year. As a group, equities analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued 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 of this dividend was Thursday, August 21st. Wheaton Precious Metals’s dividend payout ratio is presently 38.15%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on WPM shares. Berenberg Bank lifted their price objective on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a research report on Friday, August 8th. Raymond James Financial lifted their price objective on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an “outperform” rating in a research report on Friday. Scotiabank lifted their price objective on shares of Wheaton Precious Metals from $108.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 12th. Finally, CIBC lifted their price objective on shares of Wheaton Precious Metals from $135.00 to $160.00 and gave the stock an “outperformer” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $114.50.

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.