Wheaton Precious Metals Corp. $WPM Shares Sold by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. lessened its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 8.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,203 shares of the company’s stock after selling 5,057 shares during the quarter. Wheaton Precious Metals makes up approximately 3.9% of Klein Pavlis & Peasley Financial Inc.’s holdings, making the stock its 4th biggest holding. Klein Pavlis & Peasley Financial Inc.’s holdings in Wheaton Precious Metals were worth $6,398,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new stake in Wheaton Precious Metals during the third quarter valued at approximately $26,000. Delta Asset Management LLC TN bought a new stake in shares of Wheaton Precious Metals in the 2nd quarter valued at approximately $27,000. Pacifica Partners Inc. raised its position in shares of Wheaton Precious Metals by 27.8% during the 3rd quarter. Pacifica Partners Inc. now owns 460 shares of the company’s stock valued at $51,000 after acquiring an additional 100 shares in the last quarter. City State Bank lifted its stake in Wheaton Precious Metals by 40.0% during the second quarter. City State Bank now owns 560 shares of the company’s stock worth $50,000 after purchasing an additional 160 shares during the last quarter. Finally, Financial Consulate Inc. acquired a new position in Wheaton Precious Metals in the third quarter worth $73,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WPM has been the topic of a number of research reports. Wall Street Zen cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Jefferies Financial Group reiterated a “buy” rating and set a $145.00 price objective on shares of Wheaton Precious Metals in a research note on Sunday, December 7th. Weiss Ratings restated a “buy (b)” rating on shares of Wheaton Precious Metals in a research note on Monday, December 29th. Royal Bank Of Canada raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $115.00 to $130.00 in a report on Wednesday, December 10th. Finally, Bank of America raised their price target on Wheaton Precious Metals from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.78.

Wheaton Precious Metals Stock Down 0.0%

WPM stock opened at $135.46 on Friday. The firm’s 50-day simple moving average is $114.55 and its 200 day simple moving average is $104.46. The stock has a market cap of $61.50 billion, a PE ratio of 61.57, a price-to-earnings-growth ratio of 1.31 and a beta of 0.52. Wheaton Precious Metals Corp. has a fifty-two week low of $56.70 and a fifty-two week high of $135.72.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.59 by $0.03. The firm had revenue of $476.26 million during the quarter, compared to analysts’ expectations of $495.53 million. Wheaton Precious Metals had a net margin of 54.72% and a return on equity of 13.32%. Wheaton Precious Metals’s quarterly revenue was up 54.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 EPS. Equities analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 20th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, November 20th. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 30.00%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.