EP Wealth Advisors LLC cut its position in Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 99.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,385 shares of the company’s stock after selling 1,354,009 shares during the quarter. EP Wealth Advisors LLC’s holdings in Wheaton Precious Metals were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sprott Inc. grew its position in Wheaton Precious Metals by 4.8% in the 3rd quarter. Sprott Inc. now owns 799,533 shares of the company’s stock worth $32,421,000 after purchasing an additional 36,654 shares during the last quarter. Integrated Advisors Network LLC acquired a new stake in Wheaton Precious Metals in the 3rd quarter worth $829,000. Creative Planning grew its position in Wheaton Precious Metals by 3.5% in the 3rd quarter. Creative Planning now owns 33,650 shares of the company’s stock worth $1,365,000 after purchasing an additional 1,142 shares during the last quarter. Ironwood Investment Management LLC acquired a new stake in Wheaton Precious Metals in the 3rd quarter worth $292,000. Finally, Tudor Investment Corp Et Al acquired a new stake in Wheaton Precious Metals in the 3rd quarter worth $642,000. 58.51% of the stock is currently owned by institutional investors and hedge funds.
Wheaton Precious Metals Trading Down 1.3 %
WPM opened at $44.42 on Monday. The stock has a market capitalization of $20.13 billion, a PE ratio of 37.33, a PEG ratio of 9.67 and a beta of 0.76. Wheaton Precious Metals Corp. has a 1-year low of $38.37 and a 1-year high of $52.76. The firm has a 50-day moving average price of $45.01 and a two-hundred day moving average price of $44.91.
Wheaton Precious Metals Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Wednesday, April 3rd will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 1.40%. The ex-dividend date is Tuesday, April 2nd. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.15. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 52.10%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on WPM shares. BMO Capital Markets decreased their price target on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 21st. TD Securities downgraded shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $58.00 to $51.00 in a report on Wednesday, February 21st. Berenberg Bank reduced their price objective on shares of Wheaton Precious Metals from $57.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, February 22nd. National Bank Financial downgraded shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a report on Wednesday, February 21st. Finally, CIBC raised their price objective on shares of Wheaton Precious Metals from $66.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.50.
View Our Latest Research Report on Wheaton Precious Metals
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.
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