International Assets Investment Management LLC Cuts Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

International Assets Investment Management LLC trimmed its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 98.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,370 shares of the company's stock after selling 273,826 shares during the quarter. International Assets Investment Management LLC's holdings in Wheaton Precious Metals were worth $254,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWA Asset Management Group LLC increased 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 during the period. GAMMA Investing LLC purchased a new position in shares of Wheaton Precious Metals during the fourth quarter worth about $41,000. Versant Capital Management Inc acquired a new position in Wheaton Precious Metals in the 4th quarter valued at about $29,000. Confluence Investment Management LLC raised its stake in Wheaton Precious Metals by 4.4% during the 4th quarter. Confluence Investment Management LLC now owns 12,656 shares of the company's stock valued at $712,000 after acquiring an additional 536 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of 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 purchasing an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.

Analyst Upgrades and Downgrades

WPM has been the subject of several recent research reports. National Bank Financial raised Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a report on Thursday, October 10th. TD Securities raised their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Jefferies Financial Group boosted their price target on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Raymond James raised their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Finally, UBS Group initiated coverage on Wheaton Precious Metals in a report on Monday, November 18th. They issued a "buy" rating and a $78.00 target price for the company. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Wheaton Precious Metals presently has an average rating of "Moderate Buy" and a consensus target price of $71.67.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock traded down $1.25 during mid-day trading on Monday, hitting $55.92. 277,536 shares of the company were exchanged, compared to its average volume of 1,370,988. Wheaton Precious Metals Corp. has a 12-month low of $38.57 and a 12-month high of $68.64. The business's 50 day simple moving average is $60.25 and its two-hundred day simple moving average is $60.35. The company has a market capitalization of $25.37 billion, a P/E ratio of 41.73, a PEG ratio of 1.67 and a beta of 0.76.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its earnings results on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.34. The company had revenue of $308.25 million for the quarter, compared to analyst estimates of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same period in the prior year, the firm earned $0.27 EPS. Equities research analysts predict that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio is currently 46.27%.

About Wheaton Precious Metals

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.