Artemis Investment Management LLP Decreases Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Artemis Investment Management LLP lessened its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 40.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,320 shares of the company's stock after selling 46,812 shares during the period. Artemis Investment Management LLP's holdings in Wheaton Precious Metals were worth $3,897,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in WPM. FMR LLC raised its position in Wheaton Precious Metals by 33.7% in the third quarter. FMR LLC now owns 14,665,913 shares of the company's stock worth $895,723,000 after acquiring an additional 3,692,594 shares during the period. Canoe Financial LP purchased a new stake in shares of Wheaton Precious Metals in the 3rd quarter worth $113,017,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Wheaton Precious Metals by 1,865.2% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,245,534 shares of the company's stock worth $76,061,000 after purchasing an additional 1,182,156 shares during the period. Clearbridge Investments LLC lifted its position in Wheaton Precious Metals by 90.5% during the second quarter. Clearbridge Investments LLC now owns 1,344,131 shares of the company's stock valued at $70,461,000 after purchasing an additional 638,425 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Wheaton Precious Metals by 22.5% during the third quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company's stock valued at $211,207,000 after purchasing an additional 634,843 shares during the period. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WPM has been the topic of several recent research reports. National Bank Financial raised Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. TD Securities lifted their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a "buy" rating in a report on Friday, November 8th. Jefferies Financial Group increased their price objective on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. UBS Group started coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They set a "buy" rating and a $78.00 target price on the stock. Finally, Stifel Canada lowered Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.67.

Wheaton Precious Metals Stock Up 0.4 %

Wheaton Precious Metals stock traded up $0.26 during midday trading on Monday, reaching $57.74. 874,324 shares of the stock traded hands, compared to its average volume of 1,150,797. Wheaton Precious Metals Corp. has a 12 month low of $38.57 and a 12 month high of $68.64. The stock's fifty day moving average is $59.52 and its 200-day moving average is $60.50. The stock has a market cap of $26.19 billion, a P/E ratio of 43.09, a PEG ratio of 1.28 and a beta of 0.76.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, meeting analysts' consensus estimates of $0.34. The firm had revenue of $308.25 million during the quarter, compared to analyst estimates of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same period last year, the firm posted $0.27 earnings per share. On average, equities analysts predict that Wheaton Precious Metals Corp. will post 1.45 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio is 46.27%.

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.