Jeppson Wealth Management LLC Has $1.52 Million Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Jeppson Wealth Management LLC lowered its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,019 shares of the company’s stock after selling 395 shares during the period. Jeppson Wealth Management LLC’s holdings in Wheaton Precious Metals were worth $1,521,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ridgewood Investments LLC acquired a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at about $31,000. Principal Securities Inc. acquired a new stake in Wheaton Precious Metals during the fourth quarter valued at approximately $39,000. St. Johns Investment Management Company LLC bought a new stake in shares of Wheaton Precious Metals in the 1st quarter valued at approximately $52,000. Western Pacific Wealth Management LP raised its holdings in shares of Wheaton Precious Metals by 47.6% in the 4th quarter. Western Pacific Wealth Management LP now owns 1,113 shares of the company’s stock worth $55,000 after buying an additional 359 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of Wheaton Precious Metals by 25.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,231 shares of the company’s stock worth $65,000 after buying an additional 253 shares during the period. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Down 0.7 %

Shares of Wheaton Precious Metals stock traded down $0.41 during midday trading on Friday, reaching $59.47. The company had a trading volume of 79,459 shares, compared to its average volume of 1,797,396. The stock has a fifty day simple moving average of $58.57 and a 200 day simple moving average of $53.19. Wheaton Precious Metals Corp. has a 1-year low of $38.37 and a 1-year high of $63.06. The company has a market capitalization of $26.97 billion, a price-to-earnings ratio of 46.06, a price-to-earnings-growth ratio of 2.28 and a beta of 0.76.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. Wheaton Precious Metals had a return on equity of 8.54% and a net margin of 50.44%. The company had revenue of $299.06 million during the quarter, compared to analysts’ expectations of $309.54 million. During the same period last year, the firm earned $0.31 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. Sell-side analysts expect that Wheaton Precious Metals Corp. will post 1.39 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.155 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.62 dividend on an annualized basis and a yield of 1.04%. Wheaton Precious Metals’s payout ratio is presently 47.69%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WPM. Scotiabank upped their price target 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. Jefferies Financial Group upped 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 lifted their price target on shares of Wheaton Precious Metals from $60.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Berenberg Bank upped their price objective on shares of Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Finally, CIBC raised their price objective on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.50.

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.