Cadinha & Co. LLC Sells 268,621 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Cadinha & Co. LLC lessened its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 92.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,435 shares of the company’s stock after selling 268,621 shares during the period. Cadinha & Co. LLC’s holdings in Wheaton Precious Metals were worth $1,262,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of WPM. Versant Capital Management Inc bought a new position in shares of Wheaton Precious Metals during the 4th quarter valued at about $29,000. Abich Financial Wealth Management LLC bought a new position in Wheaton Precious Metals in the second quarter valued at approximately $31,000. Laurel Wealth Advisors LLC acquired a new position in shares of Wheaton Precious Metals in the fourth quarter valued at approximately $39,000. GAMMA Investing LLC bought a new stake in shares of Wheaton Precious Metals during the fourth quarter worth $41,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of Wheaton Precious Metals during the second quarter worth $47,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Up 0.4 %

Shares of Wheaton Precious Metals stock opened at $57.74 on Friday. The stock has a market cap of $26.19 billion, a P/E ratio of 43.09, a P/E/G ratio of 1.28 and a beta of 0.76. Wheaton Precious Metals Corp. has a 12-month low of $38.57 and a 12-month high of $68.64. The business’s 50 day moving average is $59.52 and its 200-day moving average is $60.46.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $308.25 million for the quarter, compared to analyst estimates of $324.57 million. During the same period in the previous year, the business earned $0.27 EPS. On average, sell-side analysts expect that Wheaton Precious Metals Corp. will post 1.45 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were paid a $0.155 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.62 annualized dividend and a yield of 1.07%. Wheaton Precious Metals’s dividend payout ratio is 46.27%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WPM. UBS Group started coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 target price for the company. Raymond James upped their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Stifel Canada lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. TD Securities upped their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, 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. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Moderate Buy” and an average target price of $71.67.

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.