Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Moerus Capital Management LLC

Moerus Capital Management LLC lowered its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 10.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 714,115 shares of the company's stock after selling 79,609 shares during the quarter. Wheaton Precious Metals comprises about 14.7% of Moerus Capital Management LLC's investment portfolio, making the stock its 3rd biggest position. Moerus Capital Management LLC owned approximately 0.16% of Wheaton Precious Metals worth $40,162,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Fielder Capital Group LLC raised its position in shares of Wheaton Precious Metals by 0.7% in the fourth quarter. Fielder Capital Group LLC now owns 24,701 shares of the company's stock valued at $1,389,000 after purchasing an additional 176 shares during the period. Signaturefd LLC raised its holdings in Wheaton Precious Metals by 1.5% in the 4th quarter. Signaturefd LLC now owns 11,877 shares of the company's stock worth $668,000 after acquiring an additional 178 shares during the period. Merit Financial Group LLC lifted its position in Wheaton Precious Metals by 3.9% during the 4th quarter. Merit Financial Group LLC now owns 4,818 shares of the company's stock worth $271,000 after acquiring an additional 179 shares during the last quarter. Insigneo Advisory Services LLC boosted its holdings in Wheaton Precious Metals by 2.2% during the third quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company's stock valued at $522,000 after acquiring an additional 187 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Wheaton Precious Metals by 1.0% in the third 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. Institutional investors and hedge funds own 70.34% of the company's stock.

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Wheaton Precious Metals Stock Performance

Shares of WPM stock traded up $3.86 during mid-day trading on Friday, reaching $81.76. The company's stock had a trading volume of 1,756,654 shares, compared to its average volume of 1,648,142. The firm's 50-day moving average is $71.56 and its two-hundred day moving average is $64.73. Wheaton Precious Metals Corp. has a 1-year low of $49.71 and a 1-year high of $82.49. The company has a market cap of $37.09 billion, a P/E ratio of 61.09, a PEG ratio of 1.91 and a beta of 0.74.

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

Wheaton Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.165 per share. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 0.81%. The ex-dividend date is Tuesday, April 1st. Wheaton Precious Metals's dividend payout ratio is currently 56.90%.

Analyst Ratings Changes

Several brokerages recently weighed in on WPM. Royal Bank of Canada increased 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. Stifel Canada raised Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Scotiabank boosted their target price on shares of Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a "sector outperform" rating in a research report on Monday, March 17th. UBS Group increased their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a report on Friday. Finally, Raymond James raised their price target on shares of Wheaton Precious Metals from $75.00 to $88.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price 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.