ORG Partners LLC Acquires New Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

ORG Partners LLC acquired a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,899 shares of the company’s stock, valued at approximately $99,000.

A number of other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in Wheaton Precious Metals in the fourth quarter valued at about $39,000. St. Johns Investment Management Company LLC acquired a new position in shares of Wheaton Precious Metals in the 1st quarter worth approximately $52,000. Western Pacific Wealth Management LP boosted its position in shares of Wheaton Precious Metals by 47.6% during the 4th quarter. Western Pacific Wealth Management LP now owns 1,113 shares of the company’s stock worth $55,000 after purchasing an additional 359 shares during the period. Hexagon Capital Partners LLC increased its holdings in Wheaton Precious Metals by 30.8% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,159 shares of the company’s stock valued at $57,000 after purchasing an additional 273 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its position in Wheaton Precious Metals by 25.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,231 shares of the company’s stock valued at $65,000 after purchasing an additional 253 shares during the period. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Performance

Shares of WPM stock traded up $0.07 during mid-day trading on Thursday, hitting $57.70. 369,560 shares of the stock were exchanged, compared to its average volume of 1,845,659. Wheaton Precious Metals Corp. has a 12-month low of $38.37 and a 12-month high of $63.06. The stock has a market capitalization of $26.18 billion, a price-to-earnings ratio of 44.33, a P/E/G ratio of 2.08 and a beta of 0.76. The stock’s fifty day simple moving average is $56.12 and its two-hundred day simple moving average is $51.57.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. The business had revenue of $299.06 million during 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 company’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 earnings per share. On average, research 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, August 21st. Wheaton Precious Metals’s dividend payout ratio is presently 47.69%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on WPM shares. Berenberg Bank lifted their target price 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. BMO Capital Markets lifted their price objective on shares of Wheaton Precious Metals from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, May 21st. Jefferies Financial Group increased their target price on shares of Wheaton Precious Metals from $62.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Bank of America boosted 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 note on Wednesday, June 26th. Finally, Scotiabank increased their price objective on Wheaton Precious Metals from $59.00 to $66.50 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.00.

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.