Blue Trust Inc. Sells 3,713 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Blue Trust Inc. lowered its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 41.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,274 shares of the company’s stock after selling 3,713 shares during the quarter. Blue Trust Inc.’s holdings in Wheaton Precious Metals were worth $297,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning boosted its stake in shares of Wheaton Precious Metals by 5.6% in the 3rd quarter. Creative Planning now owns 44,000 shares of the company’s stock valued at $2,688,000 after purchasing an additional 2,318 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Wheaton Precious Metals by 26.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,633 shares of the company’s stock valued at $344,000 after purchasing an additional 1,171 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Wheaton Precious Metals by 5,864.8% in the 3rd quarter. International Assets Investment Management LLC now owns 278,196 shares of the company’s stock valued at $16,992,000 after purchasing an additional 273,532 shares during the last quarter. Grimes & Company Inc. bought a new position in shares of Wheaton Precious Metals in the 3rd quarter valued at about $229,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Wheaton Precious Metals by 12.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 19,007 shares of the company’s stock valued at $1,162,000 after purchasing an additional 2,157 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at $68.71 on Wednesday. The company has a market capitalization of $31.17 billion, a P/E ratio of 51.28, a price-to-earnings-growth ratio of 1.70 and a beta of 0.77. The company’s 50 day moving average price is $60.46 and its two-hundred day moving average price is $61.27. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $69.58.

Analyst Ratings Changes

WPM has been the topic of several recent research reports. TD Securities raised their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 8th. UBS Group began coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They issued a “buy” rating and a $78.00 price target on the stock. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Raymond James increased their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Wheaton Precious Metals has an average rating of “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.