Wheaton Precious Metals Corp. $WPM Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp decreased its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 3.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,350,930 shares of the company’s stock after selling 49,836 shares during the period. King Luther Capital Management Corp’s holdings in Wheaton Precious Metals were worth $180,646,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WPM. AdvisorNet Financial Inc increased its stake in Wheaton Precious Metals by 2.0% during the 3rd quarter. AdvisorNet Financial Inc now owns 3,865 shares of the company’s stock valued at $501,000 after purchasing an additional 77 shares in the last quarter. Cornerstone Financial Management LLC raised its holdings in Wheaton Precious Metals by 16.5% in the second quarter. Cornerstone Financial Management LLC now owns 565 shares of the company’s stock worth $63,000 after buying an additional 80 shares during the last quarter. Silver Grove Financial Group Inc. raised its holdings in Wheaton Precious Metals by 87.1% in the third quarter. Silver Grove Financial Group Inc. now owns 189 shares of the company’s stock worth $25,000 after buying an additional 88 shares during the last quarter. Calamos Wealth Management LLC raised its holdings in Wheaton Precious Metals by 5.2% in the third quarter. Calamos Wealth Management LLC now owns 1,886 shares of the company’s stock worth $252,000 after buying an additional 93 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in shares of Wheaton Precious Metals by 36.4% in the third quarter. Mather Group LLC. now owns 352 shares of the company’s stock worth $47,000 after buying an additional 94 shares in the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Trading Down 0.8%

NYSE:WPM opened at $135.53 on Thursday. The company has a market cap of $61.56 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 2.71 and a beta of 0.56. The company has a current ratio of 0.57, a quick ratio of 0.47 and a debt-to-equity ratio of 0.16. The company has a 50 day simple moving average of $137.92 and a two-hundred day simple moving average of $133.67. Wheaton Precious Metals Corp. has a 12 month low of $98.51 and a 12 month high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.01). The firm had revenue of $771.73 million for the quarter, compared to the consensus estimate of $787.10 million. Wheaton Precious Metals had a net margin of 60.39% and a return on equity of 22.20%. Research analysts forecast that Wheaton Precious Metals Corp. will post 4.51 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be given a dividend of $0.1950 per share. This represents a $0.78 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, November 19th. Wheaton Precious Metals’s dividend payout ratio is 16.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. UBS Group increased their price target on shares of Wheaton Precious Metals from $153.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 8th. Berenberg Bank restated a “buy” rating and issued a $157.00 price objective (down from $160.00) on shares of Wheaton Precious Metals in a report on Thursday, September 17th. Royal Bank Of Canada boosted their price objective on shares of Wheaton Precious Metals from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. Raymond James Financial reaffirmed an “outperform” rating and issued a $180.00 price objective on shares of Wheaton Precious Metals in a research report on Friday, November 6th. Finally, Weiss Ratings downgraded Wheaton Precious Metals from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $172.90.

Wheaton Precious Metals Profile

Wheaton Precious Metals is a precious metals streaming company that provides mining companies with upfront financing in exchange for the right to purchase a portion of the metals produced by their mines. Its streams cover gold and silver, as well as smaller amounts of palladium and cobalt. Rather than operating mines itself, Wheaton works with mining companies around the world. Under its agreements, it typically makes an initial payment and additional payments for metals delivered, giving it exposure to mine production without directly managing mining operations.