Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Capital World Investors

Capital World Investors reduced its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,763,998 shares of the company's stock after selling 414,367 shares during the period. Capital World Investors owned 8.54% of Wheaton Precious Metals worth $2,180,088,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of WPM. Raymond James Financial Inc. purchased a new stake in Wheaton Precious Metals during the fourth quarter worth approximately $20,790,000. Sei Investments Co. raised its position in Wheaton Precious Metals by 25.7% in the fourth quarter. Sei Investments Co. now owns 40,769 shares of the company's stock valued at $2,293,000 after purchasing an additional 8,331 shares during the period. CWA Asset Management Group LLC raised its position in Wheaton Precious Metals by 19.7% in the fourth quarter. CWA Asset Management Group LLC now owns 163,514 shares of the company's stock valued at $9,196,000 after purchasing an additional 26,924 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Wheaton Precious Metals by 9.1% during the fourth quarter. Bank of New York Mellon Corp now owns 399,035 shares of the company's stock valued at $22,442,000 after purchasing an additional 33,256 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in Wheaton Precious Metals by 5.7% during the 4th quarter. Pacer Advisors Inc. now owns 4,027 shares of the company's stock valued at $226,000 after purchasing an additional 216 shares in the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Up 0.5 %

WPM stock traded up $0.38 during mid-day trading on Thursday, reaching $81.91. The company had a trading volume of 878,358 shares, compared to its average volume of 1,845,510. The stock's 50-day simple moving average is $74.53 and its two-hundred day simple moving average is $66.05. The stock has a market capitalization of $37.16 billion, a P/E ratio of 61.14, a P/E/G ratio of 1.91 and a beta of 0.74. Wheaton Precious Metals Corp. has a one year low of $51.42 and a one year high of $87.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its 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). The business had revenue of $380.52 million for the quarter, compared to the consensus estimate of $395.74 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The firm's revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. On average, research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.81%. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, April 1st. Wheaton Precious Metals's payout ratio is 56.90%.

Wall Street Analyst Weigh In

WPM has been the subject of a number of analyst reports. Stifel Canada raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Royal Bank of Canada lifted their price objective on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a "sector perform" rating in a report on Friday, April 4th. Raymond James lifted their price target on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 15th. BMO Capital Markets started coverage on shares of Wheaton Precious Metals in a research note on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price objective on the stock. Finally, Scotiabank boosted their target price on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a research report on Monday, April 14th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Wheaton Precious Metals has a consensus rating of "Buy" and an average target price of $83.40.

About Wheaton Precious Metals

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.