Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,102,167 shares of the company's stock after selling 303,924 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.46% of Wheaton Precious Metals worth $118,173,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. US Bancorp DE boosted its holdings in Wheaton Precious Metals by 4.2% in the 3rd quarter. US Bancorp DE now owns 7,167 shares of the company's stock valued at $438,000 after purchasing an additional 290 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Wheaton Precious Metals by 31.0% in the third quarter. Farther Finance Advisors LLC now owns 1,825 shares of the company's stock valued at $111,000 after acquiring an additional 432 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Wheaton Precious Metals by 3.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 37,639 shares of the company's stock valued at $2,299,000 after acquiring an additional 1,273 shares during the period. Principal Financial Group Inc. increased its stake in Wheaton Precious Metals by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company's stock valued at $1,208,000 after buying an additional 196 shares during the period. Finally, Tyler Stone Wealth Management lifted its holdings in Wheaton Precious Metals by 100.3% in the third quarter. Tyler Stone Wealth Management now owns 4,253 shares of the company's stock valued at $260,000 after acquiring an additional 2,130 shares during the period. Hedge funds and other institutional investors own 70.34% of the company's stock.
Wheaton Precious Metals Stock Up 1.5 %
Shares of Wheaton Precious Metals stock traded up $1.10 during trading hours on Friday, hitting $73.82. 2,501,075 shares of the company's stock traded hands, compared to its average volume of 1,582,936. Wheaton Precious Metals Corp. has a twelve month low of $43.18 and a twelve month high of $74.90. The company has a market cap of $33.49 billion, a PE ratio of 55.09, a PEG ratio of 1.91 and a beta of 0.77. The stock has a 50 day simple moving average of $64.40 and a 200-day simple moving average of $62.60.
Wheaton Precious Metals Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.165 per share. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 1st. This represents a $0.66 annualized dividend and a dividend yield of 0.89%. Wheaton Precious Metals's payout ratio is 46.27%.
Analyst Ratings Changes
A number of equities research analysts recently commented on the stock. UBS Group initiated coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They issued a "buy" rating and a $78.00 price objective on the stock. 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. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $71.67.
Read Our Latest Analysis on WPM
About Wheaton Precious Metals
(
Free Report)
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.
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