Capital Analysts LLC Sells 1,170 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Capital Analysts LLC lessened its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 39.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,799 shares of the company’s stock after selling 1,170 shares during the quarter. Capital Analysts LLC’s holdings in Wheaton Precious Metals were worth $89,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of WPM. Mirae Asset Global Investments Co. Ltd. grew its position in Wheaton Precious Metals by 6.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,344,956 shares of the company’s stock worth $301,893,000 after purchasing an additional 361,138 shares during the last quarter. Bank of New York Mellon Corp grew its position in Wheaton Precious Metals by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 481,497 shares of the company’s stock worth $22,909,000 after purchasing an additional 4,497 shares during the last quarter. US Bancorp DE grew its position in Wheaton Precious Metals by 4.9% in the 1st quarter. US Bancorp DE now owns 11,778 shares of the company’s stock worth $561,000 after purchasing an additional 551 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Wheaton Precious Metals by 21.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 20,122 shares of the company’s stock worth $957,000 after purchasing an additional 3,535 shares during the last quarter. Finally, BlackRock Inc. grew its position in Wheaton Precious Metals by 245.5% in the 1st quarter. BlackRock Inc. now owns 2,530,486 shares of the company’s stock worth $120,401,000 after purchasing an additional 1,798,086 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Analysts Set New Price Targets

WPM has been the topic of several research analyst reports. CIBC raised their price target on shares of Wheaton Precious Metals from $66.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Raymond James decreased their target price on shares of Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating on the stock in a research report on Thursday, February 22nd. Scotiabank decreased their target price on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, February 28th. TD Securities upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and lifted their target price for the company from $51.00 to $53.00 in a research report on Monday, March 18th. Finally, Jefferies Financial Group initiated coverage on shares of Wheaton Precious Metals in a research report on Thursday, February 29th. They set a “buy” rating and a $49.00 target price on the stock. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.63.

Wheaton Precious Metals Stock Up 0.0 %

NYSE:WPM opened at $52.69 on Friday. The firm has a market cap of $23.88 billion, a PE ratio of 44.28, a price-to-earnings-growth ratio of 7.23 and a beta of 0.77. Wheaton Precious Metals Corp. has a 12 month low of $38.37 and a 12 month high of $54.30. The company’s 50-day moving average price is $45.72 and its two-hundred day moving average price is $45.87.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, March 14th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $313.47 million for the quarter, compared to analyst estimates of $284.29 million. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.76%. On average, research analysts expect that Wheaton Precious Metals Corp. will post 1.24 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, April 3rd were paid a $0.155 dividend. The ex-dividend date of this dividend was Tuesday, April 2nd. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.18%. Wheaton Precious Metals’s payout ratio is currently 52.10%.

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.