SBI Securities Co. Ltd. Trims Holdings in Wheaton Precious Metals Corp. $WPM

SBI Securities Co. Ltd. lessened its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 10.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,262 shares of the company’s stock after selling 505 shares during the period. SBI Securities Co. Ltd.’s holdings in Wheaton Precious Metals were worth $383,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WPM. Cerity Partners LLC increased its position in shares of Wheaton Precious Metals by 5.5% during the first quarter. Cerity Partners LLC now owns 20,271 shares of the company’s stock valued at $1,574,000 after acquiring an additional 1,058 shares in the last quarter. B.O.S.S. Retirement Advisors LLC purchased a new position in Wheaton Precious Metals during the second quarter valued at $218,000. Voya Investment Management LLC increased its holdings in Wheaton Precious Metals by 18.0% in the 1st quarter. Voya Investment Management LLC now owns 747,477 shares of the company’s stock worth $58,026,000 after acquiring an additional 113,835 shares in the last quarter. LGT Fund Management Co Ltd. bought a new stake in Wheaton Precious Metals during the second quarter valued at about $225,000. Finally, Guardian Partners Inc. bought a new position in shares of Wheaton Precious Metals during the 1st quarter valued at about $538,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on WPM shares. BMO Capital Markets reissued an “outperform” rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. Wall Street Zen upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research note on Monday, September 8th. Raymond James Financial boosted their target price on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wheaton Precious Metals in a research report on Thursday. Finally, Berenberg Bank raised their target price on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.50.

Wheaton Precious Metals Stock Down 1.5%

Shares of Wheaton Precious Metals stock opened at $104.15 on Friday. The firm has a market cap of $47.29 billion, a PE ratio of 60.20, a price-to-earnings-growth ratio of 1.67 and a beta of 0.38. The business’s fifty day simple moving average is $104.27 and its 200-day simple moving average is $95.32. Wheaton Precious Metals Corp. has a 52 week low of $55.47 and a 52 week high of $114.36.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. The business had revenue of $476.26 million during the quarter, compared to analysts’ expectations of $495.53 million. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The company’s revenue was up 54.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 earnings per share. As a group, equities analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share 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 issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 30.00%.

Wheaton Precious Metals Company 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.