Beddow Capital Management Inc. Has $5.81 Million Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Beddow Capital Management Inc. cut its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 0.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,166 shares of the company’s stock after selling 225 shares during the period. Wheaton Precious Metals makes up approximately 2.4% of Beddow Capital Management Inc.’s holdings, making the stock its 19th biggest position. Beddow Capital Management Inc.’s holdings in Wheaton Precious Metals were worth $5,813,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Quent Capital LLC grew its position in Wheaton Precious Metals by 136.1% during the first quarter. Quent Capital LLC now owns 5,636 shares of the company’s stock worth $266,000 after buying an additional 3,249 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Wheaton Precious Metals by 1.7% in the first quarter. Vanguard Group Inc. now owns 16,770,475 shares of the company’s stock valued at $790,392,000 after purchasing an additional 272,918 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in Wheaton Precious Metals by 6.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 10,817 shares of the company’s stock worth $510,000 after purchasing an additional 656 shares during the period. Clearbridge Investments LLC boosted its stake in Wheaton Precious Metals by 2.8% during the first quarter. Clearbridge Investments LLC now owns 705,706 shares of the company’s stock worth $33,260,000 after buying an additional 19,473 shares in the last quarter. Finally, UniSuper Management Pty Ltd increased its holdings in Wheaton Precious Metals by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 6,400 shares of the company’s stock valued at $302,000 after buying an additional 3,200 shares during the period. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Up 3.8 %

Shares of NYSE WPM opened at $60.90 on Tuesday. Wheaton Precious Metals Corp. has a twelve month low of $38.57 and a twelve month high of $68.64. The company’s fifty day moving average is $62.81 and its 200-day moving average is $58.93. The stock has a market cap of $27.63 billion, a price-to-earnings ratio of 45.45, a P/E/G ratio of 2.14 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. The firm had revenue of $308.25 million during the quarter, compared to the consensus estimate of $324.57 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. During the same quarter in the prior year, the firm posted $0.27 EPS. On average, research analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 21st will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 46.27%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Raymond James upped their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Jefferies Financial Group lifted their target price on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Scotiabank lifted their price objective on Wheaton Precious Metals from $66.50 to $72.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. National Bank Financial upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Finally, Stifel Canada cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.67.

About Wheaton Precious Metals

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.