Wheaton Precious Metals Corp. (NYSE:WPM) Shares Acquired by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC boosted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 30.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,392 shares of the company’s stock after purchasing an additional 24,657 shares during the period. Van Hulzen Asset Management LLC’s holdings in Wheaton Precious Metals were worth $5,472,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in WPM. King Luther Capital Management Corp acquired a new position in Wheaton Precious Metals in the 4th quarter valued at approximately $6,154,000. Marketfield Asset Management LLC boosted its holdings in shares of Wheaton Precious Metals by 61.0% during the 4th quarter. Marketfield Asset Management LLC now owns 88,025 shares of the company’s stock worth $4,343,000 after buying an additional 33,337 shares during the period. Financial Sense Advisors Inc. boosted its holdings in Wheaton Precious Metals by 54.0% in the 1st quarter. Financial Sense Advisors Inc. now owns 56,836 shares of the company’s stock valued at $2,679,000 after purchasing an additional 19,924 shares during the period. Mediolanum International Funds Ltd bought a new stake in Wheaton Precious Metals in the 1st quarter valued at $1,752,000. Finally, Alberta Investment Management Corp boosted its holdings in Wheaton Precious Metals by 0.8% in the 4th quarter. Alberta Investment Management Corp now owns 957,947 shares of the company’s stock valued at $47,491,000 after purchasing an additional 7,610 shares during the period. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Up 1.0 %

Shares of Wheaton Precious Metals stock opened at $58.56 on Tuesday. The stock has a market capitalization of $26.57 billion, a P/E ratio of 45.05, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78. The company has a 50-day simple moving average of $58.81 and a 200 day simple moving average of $53.57. Wheaton Precious Metals Corp. has a 12-month low of $38.37 and a 12-month high of $63.06.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $299.06 million during the quarter, compared to analysts’ expectations of $309.54 million. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.54%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the company posted $0.31 EPS. On average, equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.4 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, August 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 47.69%.

Analysts Set New Price Targets

A number of brokerages have weighed in on WPM. TD Securities reduced their price target on shares of Wheaton Precious Metals from $71.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Bank of America increased 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. BMO Capital Markets raised their price objective on shares of Wheaton Precious Metals from $59.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, May 21st. Jefferies Financial Group raised their price objective 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. 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 equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.50.

About Wheaton Precious Metals

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.