Inlet Private Wealth LLC Has $1.91 Million Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Inlet Private Wealth LLC cut its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 12.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,970 shares of the company's stock after selling 4,900 shares during the period. Inlet Private Wealth LLC's holdings in Wheaton Precious Metals were worth $1,910,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WPM. SeaBridge Investment Advisors LLC boosted its stake in shares of Wheaton Precious Metals by 3.8% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 62,290 shares of the company's stock worth $3,503,000 after buying an additional 2,266 shares during the last quarter. Forsta AP Fonden boosted its stake in shares of Wheaton Precious Metals by 1.1% during the 4th quarter. Forsta AP Fonden now owns 98,500 shares of the company's stock worth $5,541,000 after buying an additional 1,100 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Wheaton Precious Metals by 25.6% during the 4th quarter. Perigon Wealth Management LLC now owns 9,939 shares of the company's stock worth $571,000 after buying an additional 2,025 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Wheaton Precious Metals by 5.7% during the 4th quarter. Pacer Advisors Inc. now owns 4,027 shares of the company's stock worth $226,000 after buying an additional 216 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in Wheaton Precious Metals in the 4th quarter valued at about $791,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WPM. Stifel Canada downgraded shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. National Bank Financial upgraded shares of Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. UBS Group began coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They issued a "buy" rating and a $78.00 target price for the company. Raymond James increased their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Finally, TD Securities increased their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a "buy" rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $71.67.

Wheaton Precious Metals Stock Up 2.9 %

Shares of WPM traded up $1.84 during mid-day trading on Wednesday, hitting $65.86. 1,604,044 shares of the company's stock were exchanged, compared to its average volume of 1,409,771. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $68.64. The stock's 50-day simple moving average is $59.39 and its 200-day simple moving average is $60.67. The firm has a market cap of $29.88 billion, a price-to-earnings ratio of 49.15, a price-to-earnings-growth ratio of 1.61 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $308.25 million for the quarter, compared to analysts' expectations of $324.57 million. During the same period last year, the firm earned $0.27 earnings per share. Analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were paid a $0.155 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a yield of 0.94%. Wheaton Precious Metals's dividend payout ratio (DPR) is 46.27%.

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.