GW Henssler & Associates Ltd. Decreases Stock Position in Wheaton Precious Metals Corp. $WPM

GW Henssler & Associates Ltd. reduced its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,441 shares of the company’s stock after selling 5,585 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Wheaton Precious Metals were worth $17,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Concurrent Investment Advisors LLC increased its position in Wheaton Precious Metals by 1.9% in the fourth quarter. Concurrent Investment Advisors LLC now owns 4,203 shares of the company’s stock worth $494,000 after buying an additional 78 shares during the last quarter. Gables Capital Management Inc. increased its position in Wheaton Precious Metals by 7.9% in the fourth quarter. Gables Capital Management Inc. now owns 1,079 shares of the company’s stock worth $127,000 after buying an additional 79 shares during the last quarter. Focus Financial Network Inc. increased its position in Wheaton Precious Metals by 2.5% in the fourth quarter. Focus Financial Network Inc. now owns 3,305 shares of the company’s stock worth $388,000 after buying an additional 81 shares during the last quarter. Jamison Private Wealth Management Inc. increased its position in Wheaton Precious Metals by 1.7% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 5,375 shares of the company’s stock worth $632,000 after buying an additional 92 shares during the last quarter. Finally, Capital Investment Advisors LLC increased its position in Wheaton Precious Metals by 3.9% in the fourth quarter. Capital Investment Advisors LLC now owns 2,460 shares of the company’s stock worth $289,000 after buying an additional 93 shares during the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WPM shares. UBS Group raised Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 target price for the company in a research report on Friday, March 27th. Scotiabank lifted their price target on Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Zacks Research cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. TD Securities lifted their price target on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Finally, BMO Capital Markets assumed coverage on Wheaton Precious Metals in a research report on Thursday, April 9th. They issued an “outperform” rating and a $240.00 price target for the company. Thirteen investment 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.64.

Wheaton Precious Metals Stock Performance

NYSE:WPM opened at $128.76 on Tuesday. The firm has a market capitalization of $58.47 billion, a price-to-earnings ratio of 32.52, a P/E/G ratio of 2.50 and a beta of 0.50. Wheaton Precious Metals Corp. has a 52-week low of $85.59 and a 52-week high of $165.76. The stock has a fifty day moving average of $133.78 and a 200 day moving average of $130.99.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.04. The company had revenue of $901.47 million during the quarter, compared to analyst estimates of $868.35 million. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The firm’s quarterly revenue was up 91.7% on a year-over-year basis. During the same quarter last year, the company earned $0.55 earnings per share. Equities analysts forecast that Wheaton Precious Metals Corp. will post 4.98 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th will be paid a dividend of $0.195 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.78 annualized dividend and a yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 19.70%.

About Wheaton Precious Metals

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.