Swiss National Bank Sells 44,100 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Swiss National Bank decreased its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,472,800 shares of the company’s stock after selling 44,100 shares during the period. Swiss National Bank’s holdings in Wheaton Precious Metals were worth $72,794,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its position in Wheaton Precious Metals by 6.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 87,860 shares of the company’s stock worth $3,563,000 after purchasing an additional 5,181 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Wheaton Precious Metals by 3.7% in the third quarter. Raymond James & Associates now owns 496,550 shares of the company’s stock valued at $20,135,000 after buying an additional 17,745 shares during the period. Stratos Wealth Partners LTD. grew its position in Wheaton Precious Metals by 106.4% during the third quarter. Stratos Wealth Partners LTD. now owns 15,505 shares of the company’s stock worth $629,000 after buying an additional 7,992 shares in the last quarter. Mackenzie Financial Corp increased its stake in Wheaton Precious Metals by 18.3% during the third quarter. Mackenzie Financial Corp now owns 3,411,151 shares of the company’s stock valued at $133,849,000 after acquiring an additional 527,358 shares during the period. Finally, Value Partners Investments Inc. increased its stake in Wheaton Precious Metals by 15.7% during the third quarter. Value Partners Investments Inc. now owns 11,731 shares of the company’s stock valued at $478,000 after acquiring an additional 1,589 shares during the period. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Down 0.6 %

NYSE:WPM opened at $52.69 on Monday. The firm has a market cap of $23.88 billion, a PE ratio of 44.28, a price-to-earnings-growth ratio of 7.13 and a beta of 0.75. Wheaton Precious Metals Corp. has a 12 month low of $38.37 and a 12 month high of $54.45. The company’s 50-day moving average price is $47.84 and its two-hundred day moving average price is $46.87.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, March 14th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The company had revenue of $313.47 million during the quarter, compared to analysts’ expectations of $284.29 million. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.76%. On average, research analysts expect that Wheaton Precious Metals Corp. will post 1.26 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd were issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, April 2nd. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.15. Wheaton Precious Metals’s dividend payout ratio is presently 52.10%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WPM shares. BMO Capital Markets decreased their price objective on Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating on the stock in a report on Wednesday, February 21st. Raymond James decreased their price target on shares of Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating on the stock in a research note on Thursday, February 22nd. CIBC increased their price objective on shares of Wheaton Precious Metals from $66.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. National Bank Financial lowered shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 21st. Finally, Scotiabank lowered their target price on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, February 28th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.32.

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.