Wheaton Precious Metals Corp. $WPM Stake Lessened by King Luther Capital Management Corp

King Luther Capital Management Corp reduced its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,350,930 shares of the company’s stock after selling 49,836 shares during the period. King Luther Capital Management Corp owned 0.30% of Wheaton Precious Metals worth $180,646,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. AdvisorNet Financial Inc boosted its position in Wheaton Precious Metals by 2.0% during the 3rd quarter. AdvisorNet Financial Inc now owns 3,865 shares of the company’s stock valued at $501,000 after acquiring an additional 77 shares in the last quarter. Cornerstone Financial Management LLC grew its holdings in shares of Wheaton Precious Metals by 16.5% during the 2nd quarter. Cornerstone Financial Management LLC now owns 565 shares of the company’s stock worth $63,000 after acquiring an additional 80 shares during the period. Silver Grove Financial Group Inc. raised its position in shares of Wheaton Precious Metals by 87.1% in the 3rd quarter. Silver Grove Financial Group Inc. now owns 189 shares of the company’s stock worth $25,000 after acquiring an additional 88 shares in the last quarter. Calamos Wealth Management LLC raised its position in shares of Wheaton Precious Metals by 5.2% in the 3rd quarter. Calamos Wealth Management LLC now owns 1,886 shares of the company’s stock worth $252,000 after acquiring an additional 93 shares in the last quarter. Finally, Mather Group LLC. raised its position in shares of Wheaton Precious Metals by 36.4% in the 3rd quarter. Mather Group LLC. now owns 352 shares of the company’s stock worth $47,000 after acquiring an additional 94 shares in the last quarter. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Trading Down 0.8%

NYSE:WPM opened at $135.53 on Thursday. The firm has a market capitalization of $61.56 billion, a P/E ratio of 29.46, a PEG ratio of 2.71 and a beta of 0.56. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.47. Wheaton Precious Metals Corp. has a one year low of $98.51 and a one year high of $165.76. The company’s 50-day simple moving average is $137.92 and its 200 day simple moving average is $133.67.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, November 5th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). Wheaton Precious Metals had a net margin of 60.39% and a return on equity of 22.20%. The business had revenue of $771.73 million for the quarter, compared to the consensus estimate of $787.10 million. As a group, analysts forecast that Wheaton Precious Metals Corp. will post 4.51 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be paid a $0.1950 dividend. The ex-dividend date is Thursday, November 19th. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio is presently 16.96%.

Analysts Set New Price Targets

WPM has been the subject of a number of research analyst reports. Berenberg Bank restated a “buy” rating and issued a $157.00 target price (down from $160.00) on shares of Wheaton Precious Metals in a research note on Thursday, September 17th. UBS Group upped their price target on Wheaton Precious Metals from $153.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 8th. Weiss Ratings downgraded Wheaton Precious Metals from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 23rd. Raymond James Financial reissued an “outperform” rating and set a $180.00 price objective on shares of Wheaton Precious Metals in a research report on Friday, November 6th. Finally, Royal Bank Of Canada raised their price objective on Wheaton Precious Metals from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Wheaton Precious Metals currently has a consensus rating of “Moderate Buy” and a consensus target price of $172.90.

About Wheaton Precious Metals

Wheaton Precious Metals is a precious metals streaming company that provides mining companies with upfront financing in exchange for the right to purchase a portion of the metals produced by their mines. Its streams cover gold and silver, as well as smaller amounts of palladium and cobalt. Rather than operating mines itself, Wheaton works with mining companies around the world. Under its agreements, it typically makes an initial payment and additional payments for metals delivered, giving it exposure to mine production without directly managing mining operations.