Prospera Financial Services Inc Acquires 675 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Prospera Financial Services Inc grew its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 0.8% in the third quarter, HoldingsChannel reports. The fund owned 87,251 shares of the company’s stock after purchasing an additional 675 shares during the quarter. Prospera Financial Services Inc’s holdings in Wheaton Precious Metals were worth $5,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Quent Capital LLC grew its holdings in Wheaton Precious Metals by 136.1% during the first quarter. Quent Capital LLC now owns 5,636 shares of the company’s stock valued at $266,000 after purchasing an additional 3,249 shares during the period. Vanguard Group Inc. increased its holdings in Wheaton Precious Metals by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 16,770,475 shares of the company’s stock worth $790,392,000 after acquiring an additional 272,918 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Wheaton Precious Metals by 6.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,817 shares of the company’s stock worth $510,000 after acquiring an additional 656 shares during the period. Clearbridge Investments LLC lifted its holdings in Wheaton Precious Metals by 2.8% during the first quarter. Clearbridge Investments LLC now owns 705,706 shares of the company’s stock valued at $33,260,000 after purchasing an additional 19,473 shares in the last quarter. Finally, UniSuper Management Pty Ltd boosted its position in shares of Wheaton Precious Metals by 100.0% in the first quarter. UniSuper Management Pty Ltd now owns 6,400 shares of the company’s stock worth $302,000 after purchasing an additional 3,200 shares during the period. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Price Performance

NYSE:WPM opened at $62.60 on Wednesday. The company has a market cap of $28.40 billion, a price-to-earnings ratio of 46.72, a PEG ratio of 2.14 and a beta of 0.77. Wheaton Precious Metals Corp. has a 1 year low of $38.57 and a 1 year high of $68.64. The stock’s 50 day simple moving average is $62.87 and its two-hundred day simple moving average is $59.00.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $308.25 million for the quarter, compared to analysts’ expectations of $324.57 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. As a group, analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 21st will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 46.27%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Jefferies Financial Group lifted their target price 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. National Bank Financial upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Scotiabank upped their price objective on Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. TD Securities lifted their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, UBS Group initiated coverage on Wheaton Precious Metals in a research note on Monday. They issued a “buy” rating and a $78.00 price target for the company. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $71.67.

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.