Wheaton Precious Metals Corp. $WPM Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lessened its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,298,357 shares of the company’s stock after selling 46,079 shares during the period. TD Waterhouse Canada Inc.’s holdings in Wheaton Precious Metals were worth $144,886,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in WPM. Parvin Asset Management LLC increased its holdings in shares of Wheaton Precious Metals by 0.6% in the 4th quarter. Parvin Asset Management LLC now owns 11,925 shares of the company’s stock valued at $1,401,000 after acquiring an additional 75 shares during the last quarter. Johnson Investment Counsel Inc. lifted its stake in Wheaton Precious Metals by 0.4% during the fourth quarter. Johnson Investment Counsel Inc. now owns 20,465 shares of the company’s stock worth $2,405,000 after purchasing an additional 75 shares during the last quarter. Gables Capital Management Inc. lifted its stake in Wheaton Precious Metals by 7.9% during the fourth quarter. Gables Capital Management Inc. now owns 1,079 shares of the company’s stock worth $127,000 after purchasing an additional 79 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Wheaton Precious Metals by 0.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 27,105 shares of the company’s stock worth $3,185,000 after purchasing an additional 86 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its holdings in Wheaton Precious Metals by 0.8% in the fourth quarter. J.W. Cole Advisors Inc. now owns 11,926 shares of the company’s stock worth $1,343,000 after purchasing an additional 91 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Up 4.3%

NYSE:WPM opened at $157.37 on Friday. The firm has a market capitalization of $71.47 billion, a P/E ratio of 34.89, a P/E/G ratio of 2.67 and a beta of 0.60. The business has a 50 day simple moving average of $125.34 and a 200 day simple moving average of $131.38. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.47 and a quick ratio of 0.47. Wheaton Precious Metals Corp. has a 12-month low of $92.57 and a 12-month high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, August 6th. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. The firm had revenue of $878.00 million for the quarter, compared to analyst estimates of $879.29 million. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%.The firm’s revenue for the quarter was up 84.7% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. Equities research analysts predict that Wheaton Precious Metals Corp. will post 4.79 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 20th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 17.29%.

Analyst Ratings Changes

Several research firms have weighed in on WPM. Bank of America lowered their target price on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Royal Bank Of Canada reduced their price target on shares of Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Jefferies Financial Group lowered their price objective on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating for the company in a research report on Monday, July 6th. UBS Group dropped their price objective on shares of Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Finally, Wall Street Zen cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.55.

Wheaton Precious Metals 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.