CIBC Private Wealth Group LLC Sells 318 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

CIBC Private Wealth Group LLC lessened its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,599 shares of the company’s stock after selling 318 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Wheaton Precious Metals were worth $2,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Cerity Partners LLC raised its holdings in Wheaton Precious Metals by 31.3% in the third quarter. Cerity Partners LLC now owns 17,290 shares of the company’s stock worth $1,056,000 after buying an additional 4,124 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Wheaton Precious Metals by 3.2% during the third quarter. Captrust Financial Advisors now owns 43,718 shares of the company’s stock valued at $2,670,000 after acquiring an additional 1,362 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in Wheaton Precious Metals in the 3rd quarter worth approximately $523,000. HighTower Advisors LLC lifted its position in Wheaton Precious Metals by 61.4% in the 3rd quarter. HighTower Advisors LLC now owns 235,675 shares of the company’s stock valued at $14,381,000 after acquiring an additional 89,671 shares in the last quarter. Finally, NFJ Investment Group LLC purchased a new stake in Wheaton Precious Metals during the 3rd quarter valued at $442,000. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Up 1.2 %

NYSE WPM opened at $77.75 on Thursday. The company has a 50-day moving average price of $69.56 and a 200-day moving average price of $64.12. Wheaton Precious Metals Corp. has a 52 week low of $49.11 and a 52 week high of $78.05. The firm has a market capitalization of $35.27 billion, a P/E ratio of 58.02, a PEG ratio of 1.91 and a beta of 0.74.

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

Wheaton Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be given a $0.165 dividend. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 1st. This represents a $0.66 dividend on an annualized basis and a yield of 0.85%. Wheaton Precious Metals’s dividend payout ratio is presently 56.90%.

Wall Street Analyst Weigh In

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