Jeppson Wealth Management LLC Has $1.75 Million Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Jeppson Wealth Management LLC lowered its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,592 shares of the company’s stock after selling 427 shares during the period. Jeppson Wealth Management LLC’s holdings in Wheaton Precious Metals were worth $1,746,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WPM. Quent Capital LLC grew its holdings in shares of Wheaton Precious Metals by 136.1% in the 1st quarter. Quent Capital LLC now owns 5,636 shares of the company’s stock valued at $266,000 after acquiring an additional 3,249 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Wheaton Precious Metals during the 1st quarter worth approximately $499,000. Russell Investments Group Ltd. raised its stake in shares of Wheaton Precious Metals by 8.5% during the 1st quarter. Russell Investments Group Ltd. now owns 878,049 shares of the company’s stock worth $41,227,000 after purchasing an additional 68,755 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its holdings in shares of Wheaton Precious Metals by 27.9% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 49,131 shares of the company’s stock valued at $2,316,000 after buying an additional 10,711 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in shares of Wheaton Precious Metals by 71.2% in the first quarter. TD Asset Management Inc now owns 4,857,837 shares of the company’s stock valued at $229,026,000 after buying an additional 2,019,722 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on WPM shares. Jefferies Financial Group increased their price target on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Raymond James raised their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. TD Securities raised their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Friday. Finally, Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $70.88.

Wheaton Precious Metals Trading Down 5.9 %

Wheaton Precious Metals stock opened at $61.02 on Tuesday. The company has a market capitalization of $27.68 billion, a price-to-earnings ratio of 45.54, a PEG ratio of 2.37 and a beta of 0.77. Wheaton Precious Metals Corp. has a 12 month low of $38.57 and a 12 month high of $68.64. The stock’s 50 day moving average is $62.77 and its 200-day moving average is $58.71.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. Wheaton Precious Metals had a return on equity of 8.91% and a net margin of 50.05%. The firm had revenue of $308.25 million for the quarter, compared to analyst estimates of $324.57 million. During the same period in the prior year, the firm posted $0.27 EPS. As a group, equities research analysts predict that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 21st will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 1.02%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is 46.27%.

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.