Inlet Private Wealth LLC Sells 200 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Inlet Private Wealth LLC decreased its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 0.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 38,870 shares of the company’s stock after selling 200 shares during the period. Inlet Private Wealth LLC’s holdings in Wheaton Precious Metals were worth $2,374,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. TD Asset Management Inc increased its holdings in shares of Wheaton Precious Metals by 71.2% during the first quarter. TD Asset Management Inc now owns 4,857,837 shares of the company’s stock valued at $229,026,000 after acquiring an additional 2,019,722 shares in the last quarter. AMF Tjanstepension AB raised its holdings in Wheaton Precious Metals by 593.5% in the second quarter. AMF Tjanstepension AB now owns 1,608,134 shares of the company’s stock worth $84,388,000 after buying an additional 1,376,231 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Wheaton Precious Metals by 31.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,672,800 shares of the company’s stock worth $272,975,000 after buying an additional 1,342,264 shares in the last quarter. Barings LLC purchased a new stake in shares of Wheaton Precious Metals during the second quarter valued at approximately $65,405,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Wheaton Precious Metals by 16.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,309,175 shares of the company’s stock valued at $344,483,000 after acquiring an additional 1,010,307 shares in the last quarter. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Shares of NYSE WPM traded up $0.72 during midday trading on Thursday, reaching $63.46. The stock had a trading volume of 630,841 shares, compared to its average volume of 1,758,117. The company has a market capitalization of $28.78 billion, a price-to-earnings ratio of 48.26, a price-to-earnings-growth ratio of 2.20 and a beta of 0.78. Wheaton Precious Metals Corp. has a 12-month low of $38.57 and a 12-month high of $64.82. The stock has a 50-day moving average of $60.69 and a 200-day moving average of $56.85.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. Wheaton Precious Metals had a return on equity of 8.54% and a net margin of 50.44%. The business had revenue of $299.06 million during the quarter, compared to analyst estimates of $309.54 million. During the same quarter in the prior year, the business posted $0.31 EPS. Wheaton Precious Metals’s revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, analysts forecast that Wheaton Precious Metals Corp. will post 1.43 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were paid a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.62 annualized dividend and a yield of 0.98%. Wheaton Precious Metals’s payout ratio is 47.69%.

Wall Street Analysts Forecast Growth

WPM has been the topic of a number of research analyst reports. Jefferies Financial Group upped their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, October 4th. CIBC boosted 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 note on Wednesday, July 10th. Berenberg Bank upped their price objective on Wheaton Precious Metals from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Finally, TD Securities reduced their price target on shares of Wheaton Precious Metals from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, Wheaton Precious Metals presently has an average rating of “Buy” and an average price target of $69.88.

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.