Vontobel Holding Ltd. Has $1.72 Million Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Vontobel Holding Ltd. cut its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 15.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 34,869 shares of the company’s stock after selling 6,156 shares during the quarter. Vontobel Holding Ltd.’s holdings in Wheaton Precious Metals were worth $1,720,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. CVA Family Office LLC acquired a new position in Wheaton Precious Metals during the fourth quarter valued at approximately $26,000. Atlas Capital Advisors LLC acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth $29,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Wheaton Precious Metals during the 4th quarter worth $31,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in Wheaton Precious Metals by 54.7% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 792 shares of the company’s stock valued at $31,000 after buying an additional 280 shares in the last quarter. Finally, Mechanics Financial Corp grew its position in Wheaton Precious Metals by 200.0% in the third quarter. Mechanics Financial Corp now owns 900 shares of the company’s stock valued at $36,000 after acquiring an additional 600 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Down 0.1 %

Shares of WPM stock opened at $52.65 on Friday. The stock has a 50-day moving average of $45.86 and a 200-day moving average of $45.97. The stock has a market cap of $23.87 billion, a price-to-earnings ratio of 44.24, a PEG ratio of 7.23 and a beta of 0.77. Wheaton Precious Metals Corp. has a 1-year low of $38.37 and a 1-year high of $54.30.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, March 14th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.76%. The firm had revenue of $313.47 million during the quarter, compared to analyst estimates of $284.29 million. Sell-side analysts forecast that Wheaton Precious Metals Corp. will post 1.24 earnings per share 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 given a dividend of $0.155 per share. The ex-dividend date was Tuesday, April 2nd. This represents a $0.62 dividend on an annualized basis and a yield of 1.18%. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.15. Wheaton Precious Metals’s dividend payout ratio is 52.10%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WPM. Scotiabank dropped their target price on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating for the company in a report on Wednesday, February 28th. BMO Capital Markets dropped 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 note on Wednesday, February 21st. Jefferies Financial Group assumed coverage on shares of Wheaton Precious Metals in a research note on Thursday, February 29th. They set a “buy” rating and a $49.00 target price on the stock. CIBC increased their price target on Wheaton Precious Metals from $66.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Finally, Raymond James reduced their price objective on Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating on the stock in a research report on Thursday, February 22nd. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.63.

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.