Quantinno Capital Management LP Purchases 2,004 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Quantinno Capital Management LP lifted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 18.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,147 shares of the company’s stock after buying an additional 2,004 shares during the quarter. Quantinno Capital Management LP’s holdings in Wheaton Precious Metals were worth $803,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Ridgewood Investments LLC bought a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at $31,000. Abich Financial Wealth Management LLC acquired a new position in Wheaton Precious Metals in the second quarter valued at about $31,000. St. Johns Investment Management Company LLC bought a new position in Wheaton Precious Metals in the 3rd quarter valued at approximately $48,000. Sunbelt Securities Inc. acquired a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at $47,000. Finally, First Horizon Advisors Inc. acquired a new stake in Wheaton Precious Metals during the 3rd quarter worth approximately $67,000. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Down 1.4 %

WPM opened at $60.56 on Friday. Wheaton Precious Metals Corp. has a 12 month low of $38.57 and a 12 month high of $68.64. The company has a market cap of $27.47 billion, a PE ratio of 45.19, a price-to-earnings-growth ratio of 1.77 and a beta of 0.75. The company has a 50 day moving average of $62.99 and a 200 day moving average of $59.77.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The firm had revenue of $308.25 million during the quarter, compared to analyst estimates of $324.57 million. During the same period last year, the company earned $0.27 earnings per share. Research analysts forecast that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were given a $0.155 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.02%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 46.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Raymond James increased their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Scotiabank boosted their target price on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Jefferies Financial Group increased their price objective on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, UBS Group assumed coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They issued a “buy” rating and a $78.00 target price for the company. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.67.

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.