Aire Advisors LLC Has $337,000 Stock Position in Wheaton Precious Metals Corp. $WPM

Aire Advisors LLC trimmed its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 28.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,750 shares of the company’s stock after selling 1,500 shares during the period. Aire Advisors LLC’s holdings in Wheaton Precious Metals were worth $337,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Astoria Portfolio Advisors LLC. raised its position in Wheaton Precious Metals by 12.3% during the second quarter. Astoria Portfolio Advisors LLC. now owns 8,865 shares of the company’s stock valued at $833,000 after buying an additional 974 shares during the period. Sequoia Financial Advisors LLC raised its position in Wheaton Precious Metals by 44.9% during the second quarter. Sequoia Financial Advisors LLC now owns 7,813 shares of the company’s stock valued at $702,000 after buying an additional 2,421 shares during the period. Yousif Capital Management LLC raised its position in Wheaton Precious Metals by 8.3% during the second quarter. Yousif Capital Management LLC now owns 6,220 shares of the company’s stock valued at $559,000 after buying an additional 475 shares during the period. MGO One Seven LLC raised its position in Wheaton Precious Metals by 9.1% during the second quarter. MGO One Seven LLC now owns 19,073 shares of the company’s stock valued at $1,713,000 after buying an additional 1,588 shares during the period. Finally, Lawson Kroeker Investment Management Inc. NE acquired a new position in Wheaton Precious Metals during the second quarter valued at $224,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on WPM shares. Scotiabank boosted their target price on Wheaton Precious Metals from $108.00 to $109.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 12th. National Bankshares restated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. Raymond James Financial boosted their target price on Wheaton Precious Metals from $114.00 to $127.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. CIBC boosted their target price on Wheaton Precious Metals from $135.00 to $160.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Wheaton Precious Metals has an average rating of “Moderate Buy” and a consensus price target of $114.50.

Wheaton Precious Metals Stock Performance

WPM opened at $110.13 on Thursday. The company has a market cap of $50.00 billion, a PE ratio of 63.66, a price-to-earnings-growth ratio of 2.89 and a beta of 0.41. The stock has a 50-day moving average of $103.14 and a 200-day moving average of $92.02. Wheaton Precious Metals Corp. has a 52-week low of $55.47 and a 52-week high of $114.00.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05. The company had revenue of $503.22 million during the quarter, compared to the consensus estimate of $424.23 million. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The firm’s revenue was up 68.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 EPS. On average, research analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 21st. Wheaton Precious Metals’s dividend payout ratio is 38.15%.

Wheaton Precious Metals 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.