Rockefeller Capital Management L.P. increased its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 9.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,190 shares of the company’s stock after purchasing an additional 5,321 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Wheaton Precious Metals were worth $2,828,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Edmond DE Rothschild Holding S.A. grew its holdings in Wheaton Precious Metals by 13.4% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 49,600 shares of the company’s stock valued at $1,895,000 after buying an additional 5,850 shares during the period. Quilter Plc grew its holdings in Wheaton Precious Metals by 286.2% in the 1st quarter. Quilter Plc now owns 40,842 shares of the company’s stock valued at $1,560,000 after buying an additional 30,267 shares during the period. Caption Management LLC purchased a new stake in Wheaton Precious Metals in the 1st quarter valued at about $813,000. Stifel Financial Corp grew its holdings in Wheaton Precious Metals by 55.3% in the 1st quarter. Stifel Financial Corp now owns 86,807 shares of the company’s stock valued at $3,317,000 after buying an additional 30,893 shares during the period. Finally, CoreCommodity Management LLC grew its holdings in Wheaton Precious Metals by 322.5% in the 1st quarter. CoreCommodity Management LLC now owns 55,120 shares of the company’s stock valued at $2,106,000 after buying an additional 42,075 shares during the period. Hedge funds and other institutional investors own 55.50% of the company’s stock.
Several research firms have commented on WPM. Berenberg Bank restated a “buy” rating on shares of Wheaton Precious Metals in a report on Thursday, July 8th. Raymond James set a $60.00 price objective on Wheaton Precious Metals and gave the company an “outperform” rating in a research note on Monday, August 16th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $58.30.
Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, August 12th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $330.39 million for the quarter, compared to analyst estimates of $320.49 million. Wheaton Precious Metals had a return on equity of 10.84% and a net margin of 50.90%. On average, sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.51 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 9th. Investors of record on Friday, August 27th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 26th. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 1.46%. Wheaton Precious Metals’s payout ratio is 53.57%.
About Wheaton Precious Metals
Wheaton Precious Metals Corp. is a mining company, which engages in the sale of precious metals and cobalt production. It operates through the following segments: Gold, Silver, Palladium, Cobalt, and Other. It focuses on the following precious metals streams: Salobo, Penasquito, Antamina, Constancia, Stillwater, San Dimas, Sudhury, Zinkgruvan, Yauliyacu, Neves-Corvo, Pascua-Lama, Rosemont, Voisey’s Bay, and others.
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