Axa S.A. Sells 5,875 Shares of Wheaton Precious Metals Corp. $WPM

Axa S.A. cut its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 1.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 303,721 shares of the company’s stock after selling 5,875 shares during the quarter. Axa S.A.’s holdings in Wheaton Precious Metals were worth $27,274,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. HB Wealth Management LLC grew its position in Wheaton Precious Metals by 3.2% in the second quarter. HB Wealth Management LLC now owns 5,068 shares of the company’s stock valued at $455,000 after acquiring an additional 156 shares during the period. City State Bank raised its stake in shares of Wheaton Precious Metals by 40.0% in the second quarter. City State Bank now owns 560 shares of the company’s stock valued at $50,000 after acquiring an additional 160 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Wheaton Precious Metals by 0.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 74,262 shares of the company’s stock worth $6,669,000 after acquiring an additional 190 shares in the last quarter. Insigneo Advisory Services LLC grew its position in Wheaton Precious Metals by 3.3% during the 2nd quarter. Insigneo Advisory Services LLC now owns 6,214 shares of the company’s stock worth $558,000 after acquiring an additional 197 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. increased its holdings in Wheaton Precious Metals by 0.9% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 22,821 shares of the company’s stock valued at $2,048,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Up 3.3%

Shares of NYSE:WPM opened at $112.90 on Thursday. Wheaton Precious Metals Corp. has a 1-year low of $55.47 and a 1-year high of $114.36. The stock has a market capitalization of $51.26 billion, a P/E ratio of 51.32, a P/E/G ratio of 1.62 and a beta of 0.54. The business has a 50-day moving average price of $103.75 and a two-hundred day moving average price of $98.40.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. The company had revenue of $476.26 million for the quarter, compared to analyst estimates of $495.53 million. Wheaton Precious Metals had a net margin of 54.72% and a return on equity of 13.32%. The company’s revenue for the quarter was up 54.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, November 20th. Wheaton Precious Metals’s payout ratio is currently 30.00%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WPM. Zacks Research raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wheaton Precious Metals in a research report on Monday. Scotiabank restated an “outperform” rating on shares of Wheaton Precious Metals in a research report on Thursday, October 23rd. Bank of America boosted their target price on shares of Wheaton Precious Metals from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Finally, Royal Bank Of Canada raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $115.00 to $130.00 in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $130.78.

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.