Vaughan Nelson Investment Management L.P. boosted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM – Get Rating) by 4.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,631,991 shares of the company's stock after buying an additional 204,748 shares during the quarter. Wheaton Precious Metals accounts for approximately 2.3% of Vaughan Nelson Investment Management L.P.'s investment portfolio, making the stock its 13th largest position. Vaughan Nelson Investment Management L.P.'s holdings in Wheaton Precious Metals were worth $166,891,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Wheaton Precious Metals by 245.5% during the first quarter. BlackRock Inc. now owns 2,530,486 shares of the company's stock valued at $120,401,000 after purchasing an additional 1,798,086 shares during the period. Bowen Hanes & Co. Inc. boosted its stake in shares of Wheaton Precious Metals by 2,044.8% during the first quarter. Bowen Hanes & Co. Inc. now owns 869,620 shares of the company's stock valued at $41,377,000 after purchasing an additional 829,075 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Wheaton Precious Metals by 41.7% during the first quarter. Renaissance Technologies LLC now owns 2,787,718 shares of the company's stock valued at $132,641,000 after purchasing an additional 821,061 shares during the period. Capital World Investors raised its holdings in shares of Wheaton Precious Metals by 4.0% in the first quarter. Capital World Investors now owns 20,592,926 shares of the company's stock valued at $979,811,000 after acquiring an additional 783,194 shares in the last quarter. Finally, Aaron Wealth Advisors LLC raised its holdings in shares of Wheaton Precious Metals by 4,658.0% in the first quarter. Aaron Wealth Advisors LLC now owns 792,492 shares of the company's stock valued at $16,656,000 after acquiring an additional 775,836 shares in the last quarter. 56.62% of the stock is owned by hedge funds and other institutional investors.
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Wheaton Precious Metals Stock Performance
NYSE WPM traded up $0.78 during trading hours on Tuesday, reaching $34.41. The stock had a trading volume of 123,164 shares, compared to its average volume of 2,637,744. The stock has a fifty day moving average of $32.39 and a 200 day moving average of $38.78. The stock has a market cap of $15.54 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 5.02 and a beta of 0.49. Wheaton Precious Metals Corp. has a 52-week low of $28.62 and a 52-week high of $51.90.
Wheaton Precious Metals (NYSE:WPM – Get Rating) last issued its earnings results on Thursday, August 11th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. The firm had revenue of $302.92 million for the quarter, compared to analyst estimates of $301.00 million. Wheaton Precious Metals had a return on equity of 9.22% and a net
margin of 63.36%. On average, equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.29 EPS for the current year.
Wheaton Precious Metals Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Investors of record on Friday, August 26th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.60 dividend on an annualized basis and a yield of 1.74%. Wheaton Precious Metals's dividend payout ratio is currently 36.81%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Raymond James decreased their price objective on Wheaton Precious Metals from $54.00 to $52.00 and set an "outperform" rating for the company in a report on Monday, August 15th. Canaccord Genuity Group reduced their target price on shares of Wheaton Precious Metals from C$68.00 to C$67.00 in a report on Friday, August 19th. Barclays reduced their target price on shares of Wheaton Precious Metals from $49.00 to $41.00 and set an "equal weight" rating for the company in a report on Tuesday, July 19th. KeyCorp reduced their target price on shares of Wheaton Precious Metals from $56.00 to $38.00 and set an "overweight" rating for the company in a report on Monday, July 18th. Finally, The Goldman Sachs Group initiated coverage on shares of Wheaton Precious Metals in a report on Monday, September 12th. They set a "buy" rating on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $54.17.
Wheaton Precious Metals Company Profile
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Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has a portfolio of interests in the 23 operating mines and 13 development projects. The company was formerly known as Silver Wheaton Corp.
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