Buckingham Strategic Partners Buys Shares of 8,583 Wheaton Precious Metals Corp. (NYSE:WPM)

Buckingham Strategic Partners bought a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPMGet Rating) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,583 shares of the company’s stock, valued at approximately $409,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. AE Wealth Management LLC lifted its stake in Wheaton Precious Metals by 2.1% during the first quarter. AE Wealth Management LLC now owns 10,228 shares of the company’s stock worth $487,000 after purchasing an additional 207 shares during the last quarter. Advisor Partners LLC grew its holdings in Wheaton Precious Metals by 4.8% during the first quarter. Advisor Partners LLC now owns 5,699 shares of the company’s stock worth $271,000 after acquiring an additional 263 shares during the period. PCJ Investment Counsel Ltd. grew its holdings in Wheaton Precious Metals by 2.2% during the fourth quarter. PCJ Investment Counsel Ltd. now owns 15,000 shares of the company’s stock worth $644,000 after acquiring an additional 330 shares during the period. Rational Advisors LLC boosted its position in Wheaton Precious Metals by 136.2% during the 4th quarter. Rational Advisors LLC now owns 574 shares of the company’s stock worth $25,000 after acquiring an additional 331 shares during the period. Finally, Credit Agricole S A boosted its position in Wheaton Precious Metals by 50.0% during the 4th quarter. Credit Agricole S A now owns 1,200 shares of the company’s stock worth $52,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 67.90% of the company’s stock.

Wheaton Precious Metals Stock Performance

Shares of NYSE WPM opened at $33.83 on Wednesday. The stock has a 50 day moving average price of $35.69 and a 200 day moving average price of $41.76. Wheaton Precious Metals Corp. has a 52 week low of $31.56 and a 52 week high of $51.90. The stock has a market capitalization of $15.28 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 5.23 and a beta of 0.51.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Friday, August 26th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.60 annualized dividend and a yield of 1.77%. Wheaton Precious Metals’s dividend payout ratio is 36.81%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WPM. Stifel Nicolaus cut their price objective on Wheaton Precious Metals from C$71.00 to C$66.50 in a research note on Wednesday, July 20th. TD Securities decreased their price objective on Wheaton Precious Metals from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, May 9th. National Bank Financial decreased their price objective on Wheaton Precious Metals from C$70.00 to C$68.00 in a report on Monday. Raymond James reduced their price objective on Wheaton Precious Metals from $54.00 to $52.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Barclays dropped their target price on Wheaton Precious Metals from $49.00 to $41.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 19th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.94.

Wheaton Precious Metals Company Profile

(Get Rating)

Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has a portfolio of interests in the 23 operating mines and 13 development projects. The company was formerly known as Silver Wheaton Corp.

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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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