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

U.S. Capital Wealth Advisors LLC trimmed its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 0.6% in the 3rd quarter, HoldingsChannel.com reports. The fund 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 institutional investors also recently modified their holdings of the company. AdvisorNet Financial Inc raised its position in Wheaton Precious Metals by 6.1% during the 2nd quarter. AdvisorNet Financial Inc now owns 3,330 shares of the company’s stock valued at $175,000 after purchasing an additional 190 shares during the last quarter. Vontobel Holding Ltd. increased its stake in shares of Wheaton Precious Metals by 0.6% during the third quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company’s stock valued at $2,110,000 after buying an additional 197 shares during the period. Capital International Inc. CA raised its holdings in shares of Wheaton Precious Metals by 2.5% during the first quarter. Capital International Inc. CA now owns 8,308 shares of the company’s stock valued at $392,000 after acquiring an additional 204 shares in the last quarter. Western Pacific Wealth Management LP lifted its stake in Wheaton Precious Metals by 19.6% in the first quarter. Western Pacific Wealth Management LP now owns 1,331 shares of the company’s stock worth $63,000 after acquiring an additional 218 shares during the period. Finally, Brookstone Capital Management boosted its holdings in Wheaton Precious Metals by 5.3% in the first quarter. Brookstone Capital Management now owns 4,771 shares of the company’s stock valued at $225,000 after acquiring an additional 240 shares in the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Price Performance

WPM stock traded down $1.10 on Wednesday, reaching $67.43. 518,960 shares of the company traded hands, compared to its average volume of 1,758,311. The firm has a fifty day simple moving average of $61.49 and a 200-day simple 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 Corp. has a one year low of $38.57 and a one year high of $68.64.

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

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were issued a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.62 annualized dividend and a yield of 0.92%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 49.21%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. TD Securities decreased their price objective on shares of Wheaton Precious Metals from $71.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Jefferies Financial Group increased their price target on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Stifel Canada cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday. Berenberg Bank increased their target price on Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Finally, Scotiabank lifted their price target on Wheaton Precious Metals from $66.50 to $72.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.88.

About Wheaton Precious Metals

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.