Janney Montgomery Scott LLC Acquires 3,750 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Janney Montgomery Scott LLC boosted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 10.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,043 shares of the company’s stock after acquiring an additional 3,750 shares during the period. Janney Montgomery Scott LLC’s holdings in Wheaton Precious Metals were worth $3,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mission Wealth Management LP bought a new stake in shares of Wheaton Precious Metals in the 1st quarter valued at about $227,000. Exchange Traded Concepts LLC boosted its holdings in shares of Wheaton Precious Metals by 5,413.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 53,154 shares of the company’s stock valued at $4,126,000 after buying an additional 52,190 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new stake in shares of Wheaton Precious Metals in the 1st quarter valued at about $531,000. Focus Financial Network Inc. bought a new stake in shares of Wheaton Precious Metals in the 1st quarter valued at about $235,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Wheaton Precious Metals by 21.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 22,515 shares of the company’s stock valued at $1,747,000 after buying an additional 3,995 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Trading Down 1.8%

WPM opened at $88.54 on Wednesday. Wheaton Precious Metals Corp. has a 12-month low of $51.96 and a 12-month high of $95.23. The firm has a market capitalization of $40.19 billion, a PE ratio of 65.10, a P/E/G ratio of 2.76 and a beta of 0.46. The firm has a 50 day moving average of $85.59 and a two-hundred day moving average of $73.01.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Wheaton Precious Metals had a net margin of 42.45% and a return on equity of 10.32%. The company had revenue of $470.41 million during the quarter, compared to analyst estimates of $446.33 million. During the same period last year, the firm posted $0.36 EPS. Wheaton Precious Metals’s revenue for the quarter was up 58.4% compared to the same quarter last year. As a group, analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, May 28th. Wheaton Precious Metals’s dividend payout ratio is presently 48.53%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WPM. UBS Group raised their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a “buy” rating in a report on Friday, April 11th. Raymond James Financial increased their price objective on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, April 15th. BMO Capital Markets assumed coverage on shares of Wheaton Precious Metals in a research report on Wednesday, April 16th. They issued an “outperform” rating and a $129.00 price objective for the company. National Bankshares reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. Finally, CIBC increased their price objective on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the company an “outperformer” rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Buy” and a consensus price target of $86.90.

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.