Atria Wealth Solutions Inc. Sells 250 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Atria Wealth Solutions Inc. reduced its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,213 shares of the company’s stock after selling 250 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Wheaton Precious Metals were worth $715,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. NBT Bank N A NY grew its stake in shares of Wheaton Precious Metals by 129.3% during the first quarter. NBT Bank N A NY now owns 415 shares of the company’s stock valued at $32,000 after purchasing an additional 234 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Wheaton Precious Metals during the first quarter valued at approximately $49,000. Princeton Global Asset Management LLC bought a new stake in shares of Wheaton Precious Metals during the first quarter valued at approximately $52,000. Penserra Capital Management LLC grew its stake in shares of Wheaton Precious Metals by 1,812.8% during the first quarter. Penserra Capital Management LLC now owns 746 shares of the company’s stock valued at $57,000 after purchasing an additional 707 shares during the last quarter. Finally, Whittier Trust Co. grew its stake in shares of Wheaton Precious Metals by 77.4% during the first quarter. Whittier Trust Co. now owns 763 shares of the company’s stock valued at $59,000 after purchasing an additional 333 shares during the last quarter. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Stock Down 1.1%

Shares of NYSE WPM opened at $96.41 on Wednesday. The company’s fifty day moving average is $91.74 and its 200-day moving average is $81.30. The stock has a market cap of $43.77 billion, a price-to-earnings ratio of 55.73, a P/E/G ratio of 2.72 and a beta of 0.39. Wheaton Precious Metals Corp. has a twelve month low of $55.47 and a twelve month high of $103.81.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The company had revenue of $503.22 million for the quarter, compared to analysts’ expectations of $424.23 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The business’s quarterly revenue was up 68.2% compared to the same quarter last year. During the same period last year, the firm posted $0.33 earnings per share. On average, research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 38.15%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WPM shares. CIBC reissued an “outperform” rating on shares of Wheaton Precious Metals in a research note on Tuesday, July 15th. Berenberg Bank raised their price objective on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, July 3rd. Wall Street Zen cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada raised their price objective on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 4th. Finally, UBS Group set a $106.00 price objective on shares of Wheaton Precious Metals and gave the company a “neutral” rating in a research note on Monday. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $97.33.

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.