Advisory Services Network LLC decreased its stake in Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 82.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,300 shares of the company’s stock after selling 88,682 shares during the period. Advisory Services Network LLC’s holdings in Wheaton Precious Metals were worth $952,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. TBH Global Asset Management LLC acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter worth about $293,000. Oxford Asset Management LLP acquired a new stake in Wheaton Precious Metals in the 4th quarter valued at approximately $300,000. US Bancorp DE raised its stake in Wheaton Precious Metals by 732.3% during the 4th quarter. US Bancorp DE now owns 92,663 shares of the company’s stock valued at $4,572,000 after acquiring an additional 81,530 shares in the last quarter. King Luther Capital Management Corp acquired a new position in Wheaton Precious Metals during the 4th quarter worth $6,154,000. Finally, Aigen Investment Management LP boosted its position in Wheaton Precious Metals by 22.3% during the 4th quarter. Aigen Investment Management LP now owns 19,044 shares of the company’s stock worth $940,000 after acquiring an additional 3,471 shares during the period. Institutional investors own 70.34% of the company’s stock.
Wheaton Precious Metals Stock Performance
NYSE WPM opened at $56.17 on Friday. The company has a market capitalization of $25.46 billion, a PE ratio of 43.21, a price-to-earnings-growth ratio of 2.02 and a beta of 0.75. Wheaton Precious Metals Corp. has a 52-week low of $38.37 and a 52-week high of $57.87. The company has a 50-day simple moving average of $52.63 and a 200 day simple moving average of $48.48.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.36 EPS for the quarter, beating the consensus estimate 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 business had revenue of $296.80 million for the quarter, compared to the consensus estimate of $278.95 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. Wheaton Precious Metals’s revenue for the quarter was up 38.7% on a year-over-year basis. As a group, analysts forecast that Wheaton Precious Metals Corp. will post 1.28 EPS for the current fiscal year.
Wheaton Precious Metals Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th will be paid a $0.155 dividend. The ex-dividend date is Wednesday, May 29th. This represents a $0.62 dividend on an annualized basis and a yield of 1.10%. Wheaton Precious Metals’s dividend payout ratio is 47.69%.
Analysts Set New Price Targets
A number of analysts have commented on WPM shares. Scotiabank upped their price objective on shares of Wheaton Precious Metals from $59.00 to $66.50 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. National Bank Financial lowered shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 21st. Raymond James reduced their target price on shares of Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating for the company in a research note on Thursday, February 22nd. BMO Capital Markets increased their price target on shares of Wheaton Precious Metals from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Finally, CIBC lifted their price objective on Wheaton Precious Metals from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $61.33.
Read Our Latest Analysis on Wheaton Precious Metals
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.
Further Reading
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