8,126 Shares in Wheaton Precious Metals Corp. $WPM Purchased by Comprehensive Money Management Services LLC

Comprehensive Money Management Services LLC acquired a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) during the second quarter, Holdings Channel reports. The firm acquired 8,126 shares of the company’s stock, valued at approximately $913,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Wheaton Precious Metals in the fourth quarter worth about $864,977,000. BlackRock Inc. purchased a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at approximately $581,250,000. Canada Pension Plan Investment Board purchased a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at approximately $351,708,000. Bank of America Corp DE bought a new position in Wheaton Precious Metals in the 2nd quarter worth approximately $328,309,000. Finally, Legal & General Group Plc bought a new position in Wheaton Precious Metals in the 2nd quarter worth approximately $320,838,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM opened at $158.26 on Friday. The company’s fifty day moving average price is $121.93 and its 200-day moving average price is $131.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $71.88 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 2.76 and a beta of 0.55. Wheaton Precious Metals Corp. has a one year low of $92.57 and a one year high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The company had revenue of $878.00 million during the quarter, compared to the consensus estimate of $879.29 million. During the same period in the previous year, the firm posted $0.63 EPS. The firm’s revenue was up 84.7% compared to the same quarter last year. On average, equities research analysts anticipate that Wheaton Precious Metals Corp. will post 4.79 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.195 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.78 annualized dividend and a yield of 0.5%. Wheaton Precious Metals’s payout ratio is 17.29%.

Analysts Set New Price Targets

A number of research firms recently weighed in on WPM. Berenberg Bank set a $157.00 price objective on shares of Wheaton Precious Metals in a research note on Tuesday, July 28th. Jefferies Financial Group dropped their target price on Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Bank of America cut their price target on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Weiss Ratings cut Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada decreased their price objective on Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.55.

Wheaton Precious Metals Company Profile

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.