268,144 Shares in Wheaton Precious Metals Corp. $WPM Acquired by Stack Financial Management Inc

Stack Financial Management Inc acquired a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 268,144 shares of the company’s stock, valued at approximately $30,118,000. Wheaton Precious Metals makes up approximately 2.4% of Stack Financial Management Inc’s holdings, making the stock its 12th largest position. Stack Financial Management Inc owned approximately 0.06% of Wheaton Precious Metals at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in WPM. Norges Bank bought a new stake in Wheaton Precious Metals in the fourth quarter worth $864,977,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Wheaton Precious Metals by 40.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,912,588 shares of the company’s stock valued at $694,951,000 after acquiring an additional 1,715,540 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Wheaton Precious Metals by 10.7% during the fourth quarter. Van ECK Associates Corp now owns 14,469,877 shares of the company’s stock valued at $1,700,517,000 after acquiring an additional 1,402,092 shares in the last quarter. Qube Research & Technologies Ltd raised its position in shares of Wheaton Precious Metals by 1,655.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,245,766 shares of the company’s stock worth $139,333,000 after purchasing an additional 1,174,799 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Wheaton Precious Metals by 2,621.8% in the 4th quarter. AQR Capital Management LLC now owns 903,678 shares of the company’s stock worth $106,239,000 after purchasing an additional 870,476 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WPM. Wall Street Zen cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Berenberg Bank set a $157.00 price objective on shares of Wheaton Precious Metals in a research note on Tuesday, July 28th. Scotiabank decreased their target price on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a report on Tuesday, July 14th. Royal Bank Of Canada dropped their target price on shares of Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Finally, Weiss Ratings cut shares of Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $165.55.

Wheaton Precious Metals Price Performance

Shares of WPM opened at $134.25 on Friday. The firm has a fifty day simple moving average of $115.96 and a two-hundred day simple moving average of $130.57. The firm has a market cap of $60.97 billion, a PE ratio of 29.77, a P/E/G ratio of 2.33 and a beta of 0.55. The company has a current ratio of 0.47, a quick ratio of 4.53 and a debt-to-equity ratio of 0.20. Wheaton Precious Metals Corp. has a 1-year low of $90.94 and a 1-year high of $165.76.

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

Wheaton Precious Metals Announces Dividend

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

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.