Jeppson Wealth Management LLC Sells 427 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Jeppson Wealth Management LLC trimmed its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 1.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,592 shares of the company’s stock after selling 427 shares during the quarter. Jeppson Wealth Management LLC’s holdings in Wheaton Precious Metals were worth $1,746,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WPM. AdvisorNet Financial Inc grew its holdings in 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 acquiring an additional 190 shares during the period. Principal Financial Group Inc. boosted its position in shares of Wheaton Precious Metals by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock worth $1,208,000 after purchasing an additional 196 shares during the last quarter. Vontobel Holding Ltd. grew its stake in shares of Wheaton Precious Metals by 0.6% during the third quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company’s stock worth $2,110,000 after purchasing an additional 197 shares during the period. Capital International Inc. CA grew its stake in shares of Wheaton Precious Metals by 2.5% during the first quarter. Capital International Inc. CA now owns 8,308 shares of the company’s stock worth $392,000 after purchasing an additional 204 shares during the period. Finally, Arkadios Wealth Advisors increased its holdings in Wheaton Precious Metals by 1.0% in the third 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. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Jefferies Financial Group raised their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Stifel Canada lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Raymond James upped their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. TD Securities increased their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Friday. Finally, Scotiabank boosted their price target on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $70.88.

Wheaton Precious Metals Stock Down 5.9 %

Wheaton Precious Metals stock opened at $61.02 on Tuesday. The company has a 50 day moving average of $62.77 and a 200-day moving average of $58.71. Wheaton Precious Metals Corp. has a twelve month low of $38.57 and a twelve month high of $68.64. The stock has a market capitalization of $27.68 billion, a PE ratio of 45.54, a price-to-earnings-growth ratio of 2.37 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.91%. The business had revenue of $308.25 million for the quarter, compared to analysts’ expectations of $324.57 million. During the same period in the previous year, the firm posted $0.27 EPS. Equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 21st will be issued a dividend of $0.155 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.02%. Wheaton Precious Metals’s payout ratio is presently 46.27%.

Wheaton Precious Metals 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.