Franklin Resources Inc. lowered its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 438,173 shares of the company’s stock after selling 15,824 shares during the period. Franklin Resources Inc. owned 0.10% of Wheaton Precious Metals worth $21,618,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. CVA Family Office LLC bought a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $26,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth approximately $31,000. Principal Securities Inc. acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth approximately $39,000. Fifth Third Bancorp increased its holdings in shares of Wheaton Precious Metals by 230.7% during the 4th quarter. Fifth Third Bancorp now owns 863 shares of the company’s stock worth $43,000 after acquiring an additional 602 shares during the last quarter. Finally, Hexagon Capital Partners LLC increased its holdings in shares of Wheaton Precious Metals by 30.8% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,159 shares of the company’s stock worth $57,000 after acquiring an additional 273 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on WPM shares. Berenberg Bank boosted their target price on Wheaton Precious Metals from $54.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Scotiabank upped their price objective on Wheaton Precious Metals from $59.00 to $66.50 and gave the company an “outperform” rating in a report on Thursday, May 23rd. National Bank Financial lowered Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a report on Wednesday, February 21st. TD Securities raised Wheaton Precious Metals from a “hold” rating to a “buy” rating and upped their price objective for the company from $51.00 to $53.00 in a report on Monday, March 18th. Finally, BMO Capital Markets upped their price objective on Wheaton Precious Metals from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and an average price target of $61.33.
Check Out Our Latest Stock Report on WPM
Wheaton Precious Metals Stock Performance
Wheaton Precious Metals stock opened at $56.41 on Tuesday. Wheaton Precious Metals Corp. has a 52 week low of $38.37 and a 52 week high of $57.87. The stock has a market capitalization of $25.57 billion, a P/E ratio of 43.39, a price-to-earnings-growth ratio of 2.05 and a beta of 0.75. The stock has a fifty day moving average of $51.91 and a 200-day moving average of $48.27.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. Wheaton Precious Metals had a return on equity of 8.53% and a net margin of 53.74%. The company had revenue of $296.80 million during the quarter, compared to analysts’ expectations of $278.95 million. During the same quarter in the previous year, the firm earned $0.23 EPS. Wheaton Precious Metals’s revenue was up 38.7% on a year-over-year basis. On average, research analysts forecast that Wheaton Precious Metals Corp. will post 1.28 earnings per share for the current year.
Wheaton Precious Metals Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Wednesday, May 29th. Wheaton Precious Metals’s dividend payout ratio is 47.69%.
Wheaton Precious Metals Company 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.
See Also
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