Wheaton Precious Metals Corp (NYSE:WPM) Stake Lowered by Legal & General Group Plc

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Legal & General Group Plc reduced its position in Wheaton Precious Metals Corp (NYSE:WPM) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,801,850 shares of the company’s stock after selling 59,662 shares during the period. Legal & General Group Plc owned about 0.41% of Wheaton Precious Metals worth $39,749,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wedbush Securities Inc. boosted its holdings in shares of Wheaton Precious Metals by 9.7% during the second quarter. Wedbush Securities Inc. now owns 29,281 shares of the company’s stock worth $646,000 after purchasing an additional 2,582 shares during the period. Pring Turner Capital Group Inc. boosted its holdings in shares of Wheaton Precious Metals by 2.7% during the first quarter. Pring Turner Capital Group Inc. now owns 103,955 shares of the company’s stock worth $2,118,000 after purchasing an additional 2,780 shares during the period. Parsons Capital Management Inc. RI boosted its holdings in shares of Wheaton Precious Metals by 8.2% during the second quarter. Parsons Capital Management Inc. RI now owns 39,221 shares of the company’s stock worth $865,000 after purchasing an additional 2,966 shares during the period. First Allied Advisory Services Inc. boosted its holdings in shares of Wheaton Precious Metals by 35.9% during the second quarter. First Allied Advisory Services Inc. now owns 16,444 shares of the company’s stock worth $361,000 after purchasing an additional 4,340 shares during the period. Finally, First Republic Investment Management Inc. boosted its holdings in shares of Wheaton Precious Metals by 7.8% during the first quarter. First Republic Investment Management Inc. now owns 63,413 shares of the company’s stock worth $1,291,000 after purchasing an additional 4,562 shares during the period. 52.23% of the stock is currently owned by institutional investors and hedge funds.

NYSE WPM traded up $0.15 during trading on Friday, reaching $15.95. The company’s stock had a trading volume of 2,384,246 shares, compared to its average volume of 2,673,298. The company has a quick ratio of 4.76, a current ratio of 4.76 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $7.06 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 5.70 and a beta of 0.21. Wheaton Precious Metals Corp has a 1-year low of $15.18 and a 1-year high of $22.86.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Tuesday, August 14th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. The firm had revenue of $212.40 million during the quarter, compared to analysts’ expectations of $203.92 million. Wheaton Precious Metals had a net margin of 36.76% and a return on equity of 5.80%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 earnings per share. equities analysts anticipate that Wheaton Precious Metals Corp will post 0.56 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Wednesday, August 29th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Tuesday, August 28th. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 57.14%.

WPM has been the subject of several research reports. Royal Bank of Canada set a $26.00 price target on shares of Wheaton Precious Metals and gave the stock a “buy” rating in a report on Monday, July 23rd. ValuEngine upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Zacks Investment Research upgraded shares of Wheaton Precious Metals from a “sell” rating to a “hold” rating in a report on Friday, July 27th. Finally, Raymond James raised their price target on shares of Wheaton Precious Metals from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, June 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $26.50.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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