Creative Financial Designs Inc. ADV Buys 2,321 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Creative Financial Designs Inc. ADV grew its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 64.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,942 shares of the company’s stock after buying an additional 2,321 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Wheaton Precious Metals were worth $363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AdvisorNet Financial Inc increased its stake in shares of Wheaton Precious Metals by 6.1% during the 2nd quarter. AdvisorNet Financial Inc now owns 3,330 shares of the company’s stock worth $175,000 after purchasing an additional 190 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Wheaton Precious Metals by 0.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company’s stock worth $2,110,000 after acquiring an additional 197 shares during the period. Capital International Inc. CA lifted its holdings in shares of Wheaton Precious Metals by 2.5% during the 1st quarter. Capital International Inc. CA now owns 8,308 shares of the company’s stock worth $392,000 after acquiring an additional 204 shares during the period. Arkadios Wealth Advisors lifted its stake in Wheaton Precious Metals by 1.0% in the 3rd quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company’s stock valued at $1,318,000 after purchasing an additional 210 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Wheaton Precious Metals by 4.9% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,607 shares of the company’s stock valued at $281,000 after purchasing an additional 217 shares during the last quarter. 70.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on WPM shares. Jefferies Financial Group upped their price target on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, October 4th. National Bank Financial upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. CIBC increased their price objective on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Stifel Canada cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Scotiabank increased their price objective on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $70.25.

Wheaton Precious Metals Trading Down 1.3 %

Wheaton Precious Metals stock opened at $65.13 on Friday. Wheaton Precious Metals Corp. has a 1-year low of $38.57 and a 1-year high of $68.64. The firm has a market capitalization of $29.55 billion, a price-to-earnings ratio of 51.69, a price-to-earnings-growth ratio of 2.40 and a beta of 0.77. The firm’s fifty day moving average price is $62.53 and its two-hundred day moving average price is $58.14.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.54%. The company had revenue of $299.06 million for the quarter, compared to analyst estimates of $309.54 million. During the same period last year, the firm earned $0.31 earnings per share. The firm’s revenue was up 12.9% on a year-over-year basis. On average, research analysts forecast that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.62 annualized dividend and a dividend yield of 0.95%. Wheaton Precious Metals’s payout ratio is 49.21%.

Wheaton Precious Metals Company 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.