FIL Ltd Sells 383,779 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

FIL Ltd lessened its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 3.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,951,824 shares of the company's stock after selling 383,779 shares during the period. FIL Ltd owned 2.19% of Wheaton Precious Metals worth $560,026,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WPM. Raymond James Financial Inc. purchased a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at about $20,790,000. Sei Investments Co. increased its position in shares of Wheaton Precious Metals by 25.7% in the fourth quarter. Sei Investments Co. now owns 40,769 shares of the company's stock worth $2,293,000 after purchasing an additional 8,331 shares during the last quarter. CWA Asset Management Group LLC raised its stake 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 in the last quarter. Wellington Management Group LLP lifted its position in Wheaton Precious Metals by 42.7% during the third quarter. Wellington Management Group LLP now owns 133,627 shares of the company's stock valued at $8,170,000 after purchasing an additional 39,979 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Wheaton Precious Metals by 9.1% in the 4th quarter. Bank of New York Mellon Corp now owns 399,035 shares of the company's stock worth $22,442,000 after buying an additional 33,256 shares in the last quarter. Institutional investors own 70.34% of the company's stock.

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Wheaton Precious Metals Trading Up 5.4 %

NYSE WPM traded up $4.18 on Friday, hitting $82.08. The company's stock had a trading volume of 3,609,122 shares, compared to its average volume of 1,650,179. The firm has a market cap of $37.24 billion, a P/E ratio of 61.25, a PEG ratio of 1.91 and a beta of 0.74. Wheaton Precious Metals Corp. has a 52-week low of $49.71 and a 52-week high of $82.99. The company's 50-day simple moving average is $71.92 and its 200 day simple moving average is $64.86.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly 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). Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $380.52 million during the quarter, compared to the consensus estimate of $395.74 million. During the same quarter last year, the firm earned $0.36 EPS. The business's revenue was up 21.4% on a year-over-year basis. 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. Investors of record on Tuesday, April 1st were paid a $0.165 dividend. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Tuesday, April 1st. Wheaton Precious Metals's dividend payout ratio is presently 56.90%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Raymond James lifted their price objective on shares of Wheaton Precious Metals from $75.00 to $88.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Stifel Canada raised Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. UBS Group increased their price objective on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research report on Friday. Scotiabank upped their target price on Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a "sector outperform" rating in a research note on Monday, March 17th. Finally, Royal Bank of Canada upped their price objective on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a research note on Friday, April 4th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $75.60.

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.