Franklin Resources Inc. Has $9.46 Million Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Franklin Resources Inc. lessened its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 39.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 168,306 shares of the company's stock after selling 109,445 shares during the quarter. Franklin Resources Inc.'s holdings in Wheaton Precious Metals were worth $9,461,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quantinno Capital Management LP grew its holdings in Wheaton Precious Metals by 18.0% during the 3rd quarter. Quantinno Capital Management LP now owns 13,147 shares of the company's stock worth $803,000 after acquiring an additional 2,004 shares during the period. Wellington Management Group LLP boosted its position in shares of Wheaton Precious Metals by 42.7% in the 3rd quarter. Wellington Management Group LLP now owns 133,627 shares of the company's stock worth $8,170,000 after purchasing an additional 39,979 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Wheaton Precious Metals by 8.8% during the third quarter. MML Investors Services LLC now owns 8,285 shares of the company's stock worth $506,000 after purchasing an additional 669 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Wheaton Precious Metals during the third quarter worth $2,337,000. Finally, Continuum Advisory LLC increased its holdings in Wheaton Precious Metals by 585.2% in the third quarter. Continuum Advisory LLC now owns 1,672 shares of the company's stock valued at $99,000 after purchasing an additional 1,428 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company's stock.

Remove Ads

Wheaton Precious Metals Trading Up 5.4 %

Shares of Wheaton Precious Metals stock traded up $4.18 during trading hours on Friday, reaching $82.08. 3,609,122 shares of the company's stock were exchanged, compared to its average volume of 1,650,179. The stock has a market cap of $37.24 billion, a P/E ratio of 61.25, a P/E/G ratio of 1.91 and a beta of 0.74. The company has a 50 day moving average of $71.92 and a two-hundred day moving average of $64.86. Wheaton Precious Metals Corp. has a fifty-two week low of $49.71 and a fifty-two week high of $82.99.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). The company had revenue of $380.52 million for the quarter, compared to analyst estimates of $395.74 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business's revenue for the quarter was up 21.4% on a year-over-year basis. During the same period last year, the company posted $0.36 earnings per share. As a group, analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Tuesday, April 1st were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This is a boost from Wheaton Precious Metals's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 0.80%. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 56.90%.

Wall Street Analyst Weigh In

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

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.