Focus Partners Advisor Solutions LLC Buys New Shares in Wheaton Precious Metals Corp. $WPM

Focus Partners Advisor Solutions LLC bought a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,080 shares of the company’s stock, valued at approximately $2,255,000.

A number of other large investors have also bought and sold shares of the stock. AQR Capital Management LLC acquired a new position in shares of Wheaton Precious Metals during the first quarter valued at about $331,000. Focus Partners Wealth boosted its position in shares of Wheaton Precious Metals by 10.7% during the 1st quarter. Focus Partners Wealth now owns 11,223 shares of the company’s stock worth $871,000 after purchasing an additional 1,081 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Wheaton Precious Metals in the 1st quarter valued at about $209,000. Sivia Capital Partners LLC acquired a new stake in shares of Wheaton Precious Metals in the 2nd quarter valued at about $239,000. Finally, Rhumbline Advisers increased its position in Wheaton Precious Metals by 28.3% in the 2nd quarter. Rhumbline Advisers now owns 2,952 shares of the company’s stock valued at $265,000 after buying an additional 652 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on WPM shares. Berenberg Bank set a $157.00 price target on Wheaton Precious Metals in a research note on Tuesday, July 28th. Wall Street Zen downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Jefferies Financial Group decreased their price objective on Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating for the company in a report on Monday, July 6th. Bank of America cut their target price on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, UBS Group cut their target price on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $165.55.

Wheaton Precious Metals Trading Up 1.8%

NYSE:WPM opened at $134.25 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.47 and a quick ratio of 4.53. Wheaton Precious Metals Corp. has a one year low of $90.94 and a one year high of $165.76. The company has a market cap of $60.97 billion, a PE ratio of 29.77, a PEG ratio of 2.38 and a beta of 0.55. The firm has a 50-day moving average of $115.96 and a 200-day moving average of $130.57.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $878.00 million during the quarter, compared to the consensus estimate of $879.29 million. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%.The company’s quarterly revenue was up 84.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 EPS. As a group, equities research analysts expect that Wheaton Precious Metals Corp. will post 4.79 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 20th. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 17.29%.

About Wheaton Precious Metals

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.