Wheaton Precious Metals Corp. $WPM Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. cut its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 44.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,891 shares of the company’s stock after selling 6,248 shares during the quarter. D.A. Davidson & CO.’s holdings in Wheaton Precious Metals were worth $709,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Wheaton Precious Metals by 1.8% in the first quarter. Vanguard Group Inc. now owns 17,996,858 shares of the company’s stock valued at $1,396,556,000 after purchasing an additional 324,340 shares during the period. TD Asset Management Inc increased its stake in shares of Wheaton Precious Metals by 5.0% during the first quarter. TD Asset Management Inc now owns 7,512,351 shares of the company’s stock worth $582,876,000 after acquiring an additional 355,533 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Wheaton Precious Metals by 10.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company’s stock worth $393,800,000 after acquiring an additional 470,651 shares during the period. JPMorgan Chase & Co. grew its position in Wheaton Precious Metals by 5.0% during the first quarter. JPMorgan Chase & Co. now owns 3,060,056 shares of the company’s stock worth $237,552,000 after buying an additional 144,782 shares during the period. Finally, Amundi grew its position in Wheaton Precious Metals by 33.2% during the first quarter. Amundi now owns 2,745,947 shares of the company’s stock worth $215,557,000 after buying an additional 683,674 shares during the period. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Trading Up 0.9%

WPM opened at $95.32 on Wednesday. The company has a fifty day simple moving average of $103.95 and a 200 day simple moving average of $93.88. The firm has a market cap of $43.27 billion, a price-to-earnings ratio of 55.10, a PEG ratio of 1.66 and a beta of 0.41. Wheaton Precious Metals Corp. has a twelve month low of $55.47 and a twelve month high of $114.36.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The business had revenue of $503.22 million during the quarter, compared to analyst estimates of $424.23 million. During the same period last year, the business earned $0.33 EPS. The business’s revenue was up 68.2% on a year-over-year basis. On average, analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, August 21st. Wheaton Precious Metals’s dividend payout ratio is 38.15%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WPM. CIBC upped their price target on shares of Wheaton Precious Metals from $135.00 to $160.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. Raymond James Financial upped their price objective on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. UBS Group upped their price objective on shares of Wheaton Precious Metals from $118.00 to $122.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Bank of America upped their price target on shares of Wheaton Precious Metals from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Finally, Wall Street Zen raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research note on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Wheaton Precious Metals has an average rating of “Moderate Buy” and a consensus target price of $119.00.

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.