Klein Pavlis & Peasley Financial Inc. Raises Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Klein Pavlis & Peasley Financial Inc. raised its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,628 shares of the company’s stock after purchasing an additional 482 shares during the quarter. Wheaton Precious Metals accounts for approximately 2.9% of Klein Pavlis & Peasley Financial Inc.’s holdings, making the stock its 9th biggest holding. Klein Pavlis & Peasley Financial Inc.’s holdings in Wheaton Precious Metals were worth $3,231,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Principal Securities Inc. bought a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $39,000. St. Johns Investment Management Company LLC bought a new position in shares of Wheaton Precious Metals in the first quarter worth about $52,000. Western Pacific Wealth Management LP increased its stake in Wheaton Precious Metals by 47.6% in the 4th quarter. Western Pacific Wealth Management LP now owns 1,113 shares of the company’s stock worth $55,000 after buying an additional 359 shares during the period. Hexagon Capital Partners LLC lifted its holdings in Wheaton Precious Metals by 30.8% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,159 shares of the company’s stock valued at $57,000 after buying an additional 273 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in Wheaton Precious Metals by 25.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,231 shares of the company’s stock valued at $65,000 after buying an additional 253 shares during the period. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM traded up $0.13 during trading on Tuesday, hitting $62.43. The company’s stock had a trading volume of 878,088 shares, compared to its average volume of 1,835,876. The company has a market capitalization of $28.31 billion, a PE ratio of 48.02, a P/E/G ratio of 2.20 and a beta of 0.76. The business has a 50 day moving average price of $57.49 and a two-hundred day moving average price of $52.50. Wheaton Precious Metals Corp. has a fifty-two week low of $38.37 and a fifty-two week high of $63.06.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $299.06 million for the quarter, compared to the consensus estimate of $309.54 million. Wheaton Precious Metals had a return on equity of 8.54% and a net margin of 50.44%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 EPS. As a group, equities analysts expect that Wheaton Precious Metals Corp. will post 1.38 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st will be issued a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.99%. Wheaton Precious Metals’s dividend payout ratio is presently 47.69%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Berenberg Bank raised their target price on shares of Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. CIBC raised their target price on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Bank of America upped their price target on shares of Wheaton Precious Metals from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. TD Securities cut their price objective on shares of Wheaton Precious Metals from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Finally, BMO Capital Markets boosted their price objective on shares of Wheaton Precious Metals from $59.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 21st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $67.50.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.