Meixler Investment Management Ltd. Sells 729 Shares of Wheaton Precious Metals Corp. $WPM

Meixler Investment Management Ltd. lowered its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 9.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,272 shares of the company’s stock after selling 729 shares during the period. Meixler Investment Management Ltd.’s holdings in Wheaton Precious Metals were worth $653,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board grew its stake in 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 purchasing an additional 766,947 shares during the period. Amundi boosted its holdings 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 valued at $215,557,000 after buying an additional 683,674 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Wheaton Precious Metals in the 1st quarter worth about $36,885,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 acquiring an additional 470,651 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Wheaton Precious Metals by 17.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,465,542 shares of the company’s stock valued at $191,357,000 after acquiring an additional 363,375 shares during the period. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Down 1.5%

Shares of NYSE WPM opened at $96.61 on Friday. The company has a 50 day moving average of $104.08 and a 200 day moving average of $94.18. Wheaton Precious Metals Corp. has a twelve month low of $55.47 and a twelve month high of $114.36. The firm has a market cap of $43.86 billion, a P/E ratio of 55.84, a PEG ratio of 1.67 and a beta of 0.41.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The business had revenue of $503.22 million during the quarter, compared to analyst estimates of $424.23 million. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The company’s quarterly revenue was up 68.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. As a group, equities analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share 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. Shareholders of record on Thursday, August 21st were given a $0.165 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a yield of 0.7%. Wheaton Precious Metals’s payout ratio is 38.15%.

Analyst Ratings Changes

WPM has been the subject of a number of analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. UBS Group upped their price target on Wheaton Precious Metals from $118.00 to $122.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Raymond James Financial raised their price objective on Wheaton Precious Metals from $114.00 to $127.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Wall Street Zen raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, September 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Wheaton Precious Metals in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $119.00.

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.