Wheaton Precious Metals Corp. $WPM Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA cut its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 60.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,401 shares of the company’s stock after selling 6,671 shares during the period. Union Bancaire Privee UBP SA’s holdings in Wheaton Precious Metals were worth $577,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WPM. Value Partners Investments Inc. lifted its stake in shares of Wheaton Precious Metals by 5.6% in the first quarter. Value Partners Investments Inc. now owns 18,575 shares of the company’s stock worth $2,433,000 after acquiring an additional 979 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Wheaton Precious Metals by 10.0% during the 1st quarter. Ritholtz Wealth Management now owns 5,790 shares of the company’s stock worth $759,000 after purchasing an additional 524 shares during the last quarter. Blue Trust Inc. increased its holdings in Wheaton Precious Metals by 4.7% during the 1st quarter. Blue Trust Inc. now owns 9,955 shares of the company’s stock worth $1,304,000 after purchasing an additional 448 shares during the last quarter. RFG Advisory LLC raised its position in shares of Wheaton Precious Metals by 30.4% in the 1st quarter. RFG Advisory LLC now owns 2,405 shares of the company’s stock valued at $315,000 after purchasing an additional 560 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its position in shares of Wheaton Precious Metals by 20,240.0% in the 1st quarter. Banque Cantonale Vaudoise now owns 10,170 shares of the company’s stock valued at $1,330,000 after purchasing an additional 10,120 shares in the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Trading Up 0.0%

Shares of WPM opened at $113.32 on Monday. Wheaton Precious Metals Corp. has a 52 week low of $85.59 and a 52 week high of $165.76. The firm has a market cap of $51.46 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 2.13 and a beta of 0.51. The stock has a 50 day moving average of $128.66 and a 200-day moving average of $132.83.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.04. The firm had revenue of $901.47 million for the quarter, compared to analysts’ expectations of $868.35 million. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The firm’s revenue for the quarter was up 91.7% on a year-over-year basis. During the same period last year, the business posted $0.55 earnings per share. On average, sell-side analysts predict that Wheaton Precious Metals Corp. will post 4.99 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were issued a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. Wheaton Precious Metals’s payout ratio is 19.70%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WPM shares. BMO Capital Markets started coverage on shares of Wheaton Precious Metals in a research report on Thursday, April 9th. They set an “outperform” rating and a $240.00 price target for the company. Wall Street Zen cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. TD Securities increased their price objective on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Zacks Research downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, Scotiabank upped their target price on shares of Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. 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, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.64.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.