U.S. Capital Wealth Advisors LLC Sells 539 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

U.S. Capital Wealth Advisors LLC decreased its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 95,341 shares of the company’s stock after selling 539 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Wheaton Precious Metals were worth $5,823,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Financial Sense Advisors Inc. boosted its position in Wheaton Precious Metals by 54.0% during the first quarter. Financial Sense Advisors Inc. now owns 56,836 shares of the company’s stock worth $2,679,000 after purchasing an additional 19,924 shares during the period. Mediolanum International Funds Ltd bought a new stake in Wheaton Precious Metals during the 1st quarter valued at $1,752,000. Russell Investments Group Ltd. lifted its position in shares of Wheaton Precious Metals by 8.5% during the first quarter. Russell Investments Group Ltd. now owns 878,049 shares of the company’s stock worth $41,227,000 after acquiring an additional 68,755 shares in the last quarter. SageView Advisory Group LLC bought a new position in shares of Wheaton Precious Metals in the first quarter worth $770,000. Finally, Well Done LLC grew its position in shares of Wheaton Precious Metals by 173.9% in the third quarter. Well Done LLC now owns 38,108 shares of the company’s stock valued at $2,328,000 after purchasing an additional 24,196 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

WPM traded down $1.10 during midday trading on Wednesday, hitting $67.43. The stock had a trading volume of 518,960 shares, compared to its average volume of 1,758,311. Wheaton Precious Metals Corp. has a 1 year low of $38.57 and a 1 year high of $68.64. The business has a fifty day moving average of $61.49 and a 200 day moving average of $57.37. The company has a market cap of $30.59 billion, a P/E ratio of 54.39, a price-to-earnings-growth ratio of 2.45 and a beta of 0.78.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.54%. The company had revenue of $299.06 million during the quarter, compared to analysts’ expectations of $309.54 million. During the same quarter in the prior year, the company earned $0.31 EPS. The firm’s revenue was up 12.9% on a year-over-year basis. On average, equities research analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.155 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.92%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 49.21%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. TD Securities dropped their price objective on Wheaton Precious Metals from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Bank of America increased their price target on shares of Wheaton Precious Metals from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Jefferies Financial Group upped their target price on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Berenberg Bank raised their price target on shares of Wheaton Precious Metals from $64.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Finally, National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.88.

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.