Kingswood Wealth Advisors LLC Sells 295 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Kingswood Wealth Advisors LLC reduced its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 2.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,741 shares of the company’s stock after selling 295 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Wheaton Precious Metals were worth $481,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. West Family Investments Inc. grew its stake in shares of Wheaton Precious Metals by 0.6% during the 2nd quarter. West Family Investments Inc. now owns 43,777 shares of the company’s stock worth $1,892,000 after acquiring an additional 249 shares in the last quarter. Parsons Capital Management Inc. RI grew its stake in shares of Wheaton Precious Metals by 0.4% during the 3rd quarter. Parsons Capital Management Inc. RI now owns 57,361 shares of the company’s stock worth $2,326,000 after acquiring an additional 250 shares in the last quarter. Transatlantique Private Wealth LLC grew its stake in shares of Wheaton Precious Metals by 3.6% during the 3rd quarter. Transatlantique Private Wealth LLC now owns 7,808 shares of the company’s stock worth $317,000 after acquiring an additional 270 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of Wheaton Precious Metals by 54.7% during the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 792 shares of the company’s stock worth $31,000 after acquiring an additional 280 shares in the last quarter. Finally, Prospera Financial Services Inc grew its stake in shares of Wheaton Precious Metals by 2.0% during the 1st quarter. Prospera Financial Services Inc now owns 15,419 shares of the company’s stock worth $743,000 after acquiring an additional 299 shares in the last quarter. 70.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WPM has been the subject of several analyst reports. Scotiabank decreased their target price on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating for the company in a research note on Wednesday, February 28th. National Bank Financial cut shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 21st. Jefferies Financial Group initiated coverage on shares of Wheaton Precious Metals in a research note on Thursday, February 29th. They issued a “buy” rating and a $49.00 target price for the company. TD Securities raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and raised their target price for the company from $51.00 to $53.00 in a research note on Monday, March 18th. Finally, Raymond James decreased their target price on shares of Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating for the company in a research note on Thursday, February 22nd. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $60.81.

Wheaton Precious Metals Stock Performance

WPM opened at $46.29 on Thursday. Wheaton Precious Metals Corp. has a fifty-two week low of $38.37 and a fifty-two week high of $52.76. The company has a market capitalization of $20.97 billion, a P/E ratio of 38.90, a P/E/G ratio of 11.60 and a beta of 0.76. The stock has a fifty day moving average of $44.54 and a 200-day moving average of $45.03.

Wheaton Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Wednesday, April 3rd will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Tuesday, April 2nd. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. Wheaton Precious Metals’s payout ratio is 50.42%.

About Wheaton Precious Metals

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 10, 2017. Wheaton Precious Metals Corp.