Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 23.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,095 shares of the company’s stock after selling 2,848 shares during the period. Corient Private Wealth LLC’s holdings in Wheaton Precious Metals were worth $512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of WPM. Van ECK Associates Corp increased its stake in shares of Wheaton Precious Metals by 6.4% in the fourth quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock worth $1,154,843,000 after acquiring an additional 1,231,999 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Wheaton Precious Metals by 1,865.2% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,245,534 shares of the company’s stock valued at $76,061,000 after purchasing an additional 1,182,156 shares during the last quarter. National Bank of Canada FI grew its position in Wheaton Precious Metals by 21.3% during the 3rd quarter. National Bank of Canada FI now owns 2,923,402 shares of the company’s stock worth $178,551,000 after purchasing an additional 513,890 shares during the period. Proficio Capital Partners LLC raised its stake in shares of Wheaton Precious Metals by 5,754.4% during the 4th quarter. Proficio Capital Partners LLC now owns 485,914 shares of the company’s stock valued at $27,328,000 after buying an additional 477,614 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Wheaton Precious Metals in the 4th quarter valued at about $20,790,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at $76.86 on Friday. The stock has a 50 day simple moving average of $68.44 and a 200-day simple moving average of $63.78. Wheaton Precious Metals Corp. has a 1-year low of $47.02 and a 1-year high of $77.86. The company has a market cap of $34.87 billion, a price-to-earnings ratio of 57.36, a PEG ratio of 1.91 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, March 13th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01). Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $380.52 million for the quarter, compared to analysts’ expectations of $395.74 million. During the same period in the previous year, the business earned $0.36 earnings per share. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. Analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Tuesday, April 1st will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.86%. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 1st. Wheaton Precious Metals’s payout ratio is presently 56.90%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WPM. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Scotiabank raised their price objective on shares of Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 17th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $72.44.

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.