Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC reduced its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,047,037 shares of the company's stock after selling 299,548 shares during the quarter. Wheaton Precious Metals accounts for 2.4% of First Eagle Investment Management LLC's investment portfolio, making the stock its 14th biggest holding. First Eagle Investment Management LLC owned about 4.20% of Wheaton Precious Metals worth $1,071,205,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc purchased a new position in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $29,000. Promus Capital LLC purchased a new position in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $38,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at approximately $39,000. Finally, Quintet Private Bank Europe S.A. purchased a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at approximately $39,000. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Trading Down 0.6 %

Shares of NYSE:WPM traded down $0.49 on Tuesday, hitting $75.53. The company had a trading volume of 2,006,908 shares, compared to its average volume of 1,580,808. The company has a market cap of $34.27 billion, a PE ratio of 56.37, a PEG ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a 52-week low of $43.18 and a 52-week high of $77.55. The business has a 50 day moving average of $65.11 and a 200 day moving average of $62.80.

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Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $380.52 million during the quarter, compared to analyst estimates of $395.74 million. During the same period in the prior year, the firm earned $0.36 EPS. The business's quarterly revenue was up 21.4% on a year-over-year basis. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The firm also recently disclosed 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 a boost from Wheaton Precious Metals's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.66 annualized dividend and a dividend yield of 0.87%. Wheaton Precious Metals's dividend payout ratio (DPR) is 46.27%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. UBS Group assumed coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They issued a "buy" rating and a $78.00 price target on the stock. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, Scotiabank lifted their price target on Wheaton Precious Metals from $78.00 to $79.00 and gave the company a "sector outperform" rating in a research note on Monday. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Wheaton Precious Metals has an average rating of "Buy" and a consensus target price of $72.44.

Wheaton Precious Metals Company 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.