OneDigital Investment Advisors LLC Has $265,000 Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

OneDigital Investment Advisors LLC decreased its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,341 shares of the company’s stock after selling 181 shares during the period. OneDigital Investment Advisors LLC’s holdings in Wheaton Precious Metals were worth $265,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in WPM. Metis Global Partners LLC raised its position in shares of Wheaton Precious Metals by 15.2% in the 3rd quarter. Metis Global Partners LLC now owns 55,050 shares of the company’s stock valued at $3,362,000 after acquiring an additional 7,245 shares during the period. Plato Investment Management Ltd acquired a new stake in Wheaton Precious Metals in the third quarter worth $950,000. Empower Advisory Group LLC bought a new position in shares of Wheaton Precious Metals during the third quarter worth $217,000. Apollon Wealth Management LLC boosted its position in shares of Wheaton Precious Metals by 47.7% during the third quarter. Apollon Wealth Management LLC now owns 5,899 shares of the company’s stock worth $360,000 after purchasing an additional 1,904 shares in the last quarter. Finally, Tyler Stone Wealth Management grew its holdings in shares of Wheaton Precious Metals by 100.3% in the 3rd quarter. Tyler Stone Wealth Management now owns 4,253 shares of the company’s stock valued at $260,000 after buying an additional 2,130 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $63.82 on Friday. The firm has a 50-day moving average of $62.99 and a 200-day moving average of $59.06. The company has a market cap of $28.95 billion, a price-to-earnings ratio of 47.57, a P/E/G ratio of 2.28 and a beta of 0.77. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share (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 company had revenue of $308.25 million for the quarter, compared to analysts’ expectations of $324.57 million. During the same quarter in the prior year, the business posted $0.27 EPS. As a group, sell-side analysts expect that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.155 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.62 annualized dividend and a dividend yield of 0.97%. Wheaton Precious Metals’s dividend payout ratio is presently 46.27%.

Wall Street Analyst Weigh In

Several research firms have weighed in on WPM. Jefferies Financial Group lifted 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. UBS Group assumed coverage on Wheaton Precious Metals in a report on Monday, November 18th. They set a “buy” rating and a $78.00 price objective on the stock. Raymond James raised their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. TD Securities upped their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, National Bank Financial upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.