Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Cuts Position in Wheaton Precious Metals Corp. $WPM

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. reduced its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 11.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,610 shares of the company’s stock after selling 4,600 shares during the period. Wheaton Precious Metals makes up about 8.6% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s portfolio, making the stock its 3rd biggest holding. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings in Wheaton Precious Metals were worth $3,992,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WPM. Vanguard Group Inc. increased its position in Wheaton Precious Metals by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 19,079,029 shares of the company’s stock worth $2,242,969,000 after acquiring an additional 289,939 shares during the period. Van ECK Associates Corp boosted its holdings in Wheaton Precious Metals by 10.7% in the 4th quarter. Van ECK Associates Corp now owns 14,469,877 shares of the company’s stock valued at $1,700,517,000 after purchasing an additional 1,402,092 shares during the period. Capital International Investors boosted its holdings in Wheaton Precious Metals by 1.2% in the 4th quarter. Capital International Investors now owns 7,595,725 shares of the company’s stock valued at $892,650,000 after purchasing an additional 93,599 shares during the period. Norges Bank acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth approximately $864,977,000. Finally, TD Asset Management Inc grew its position in shares of Wheaton Precious Metals by 0.5% during the 4th quarter. TD Asset Management Inc now owns 7,285,275 shares of the company’s stock worth $857,598,000 after purchasing an additional 33,221 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. UBS Group reduced their price target on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Weiss Ratings lowered Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Royal Bank Of Canada dropped their price objective on Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Finally, Bank of America cut their target price on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $165.55.

Wheaton Precious Metals Trading Up 0.7%

Shares of NYSE:WPM opened at $134.37 on Wednesday. The firm has a 50 day moving average of $115.33 and a 200-day moving average of $130.71. The stock has a market capitalization of $61.03 billion, a PE ratio of 29.79, a PEG ratio of 2.39 and a beta of 0.55. Wheaton Precious Metals Corp. has a 12 month low of $90.94 and a 12 month high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 22.61%. The business had revenue of $878.00 million for the quarter, compared to analyst estimates of $879.29 million. During the same quarter last year, the business posted $0.63 EPS. The firm’s revenue for the quarter was up 84.7% on a year-over-year basis. On average, research analysts predict that Wheaton Precious Metals Corp. will post 4.76 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a $0.195 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 17.29%.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.