Wheaton Precious Metals Corp. $WPM Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. cut its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 18.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 123,425 shares of the company’s stock after selling 27,978 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Wheaton Precious Metals were worth $16,522,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WPM. Capital Advisors Wealth Management LLC grew its holdings in Wheaton Precious Metals by 4.7% during the 3rd quarter. Capital Advisors Wealth Management LLC now owns 6,706 shares of the company’s stock valued at $897,000 after buying an additional 303 shares in the last quarter. Athena Wealth Management LLC lifted its holdings in shares of Wheaton Precious Metals by 21.3% in the third quarter. Athena Wealth Management LLC now owns 2,779 shares of the company’s stock worth $372,000 after buying an additional 488 shares in the last quarter. Chapin Davis Inc. purchased a new stake in shares of Wheaton Precious Metals in the third quarter worth about $227,000. Farther Finance Advisors LLC lifted its holdings in shares of Wheaton Precious Metals by 10.4% in the third quarter. Farther Finance Advisors LLC now owns 10,834 shares of the company’s stock worth $1,449,000 after buying an additional 1,017 shares in the last quarter. Finally, Dickmeyer Boyce Financial Management Inc. purchased a new stake in shares of Wheaton Precious Metals in the third quarter worth about $221,000. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM traded down $2.02 on Tuesday, hitting $136.09. The company’s stock had a trading volume of 932,770 shares, compared to its average volume of 2,204,305. The company has a market capitalization of $61.81 billion, a PE ratio of 30.17, a PEG ratio of 2.45 and a beta of 0.54. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.47 and a quick ratio of 0.47. The company has a 50-day simple moving average of $143.83 and a 200 day simple moving average of $131.38. Wheaton Precious Metals Corp. has a 1 year low of $92.57 and a 1 year high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%. The company had revenue of $878.00 million during the quarter, compared to analyst estimates of $879.29 million. During the same quarter in the previous year, the firm earned $0.63 earnings per share. Wheaton Precious Metals’s revenue was up 84.7% on a year-over-year basis. Sell-side analysts forecast that Wheaton Precious Metals Corp. will post 4.80 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were paid a $0.1950 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 20th. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 17.29%.

Wall Street Analysts Forecast Growth

WPM has been the subject of a number of analyst reports. UBS Group raised their price objective on shares of Wheaton Precious Metals from $153.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 8th. Weiss Ratings upgraded shares of Wheaton Precious Metals from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday. Berenberg Bank set a $157.00 target price on shares of Wheaton Precious Metals in a research note on Tuesday, July 28th. Scotiabank cut their price target on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a report on Tuesday, July 14th. Finally, Jefferies Financial Group reduced their price target on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and an average price target of $172.11.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. is a precious metals streaming company headquartered in Vancouver, Canada. Rather than operating mines directly, the company provides mining companies with upfront financing in exchange for the right to purchase a portion of the gold, silver, palladium, cobalt and other metals produced by designated mining operations at predetermined prices.

Wheaton’s streaming portfolio is supported by agreements with mining operations in the Americas and other regions, including Canada, the United States, Mexico, Peru, Brazil and Chile.