Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Stack Financial Management Inc

Stack Financial Management Inc trimmed its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 368,213 shares of the company’s stock after selling 6,603 shares during the period. Wheaton Precious Metals makes up about 2.1% of Stack Financial Management Inc’s holdings, making the stock its 22nd biggest holding. Stack Financial Management Inc owned 0.08% of Wheaton Precious Metals worth $18,168,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CVA Family Office LLC acquired a new stake in Wheaton Precious Metals in the 4th quarter valued at $26,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Wheaton Precious Metals in the 4th quarter valued at $31,000. Fifth Third Bancorp boosted its position in Wheaton Precious Metals by 230.7% in the 4th quarter. Fifth Third Bancorp now owns 863 shares of the company’s stock valued at $43,000 after buying an additional 602 shares during the last quarter. Mechanics Financial Corp boosted its position in Wheaton Precious Metals by 200.0% in the 3rd quarter. Mechanics Financial Corp now owns 900 shares of the company’s stock valued at $36,000 after buying an additional 600 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its position in Wheaton Precious Metals by 38.6% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,178 shares of the company’s stock valued at $48,000 after buying an additional 328 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Trading Up 0.5 %

WPM traded up $0.27 on Friday, hitting $54.00. 497,935 shares of the company’s stock were exchanged, compared to its average volume of 2,130,884. The firm has a market cap of $24.48 billion, a PE ratio of 45.15, a P/E/G ratio of 7.37 and a beta of 0.77. Wheaton Precious Metals Corp. has a twelve month low of $38.37 and a twelve month high of $54.45. The stock has a fifty day moving average of $46.35 and a two-hundred day moving average of $46.28.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, March 14th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. The firm had revenue of $313.47 million for the quarter, compared to analyst estimates of $284.29 million. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.76%. On average, analysts predict that Wheaton Precious Metals Corp. will post 1.21 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, April 3rd were paid a $0.155 dividend. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $0.62 annualized dividend and a dividend yield of 1.15%. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.15. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 52.10%.

Analyst Upgrades and Downgrades

WPM has been the subject of a number of analyst reports. Raymond James decreased their price objective on shares of Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating for the company in a research report on Thursday, February 22nd. TD Securities raised shares of 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 research report on Monday, March 18th. National Bank Financial cut shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 21st. BMO Capital Markets decreased their price objective on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, February 21st. Finally, Scotiabank reduced their price target on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, February 28th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $59.32.

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.