Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lessened its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 20.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,964 shares of the company's stock after selling 8,611 shares during the period. Rockefeller Capital Management L.P.'s holdings in Wheaton Precious Metals were worth $2,013,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WPM. Ridgewood Investments LLC bought a new stake in Wheaton Precious Metals during the 2nd quarter valued at $31,000. Abich Financial Wealth Management LLC purchased a new stake in Wheaton Precious Metals in the second quarter worth about $31,000. St. Johns Investment Management Company LLC bought a new position in Wheaton Precious Metals during the 3rd quarter worth about $48,000. Sunbelt Securities Inc. bought a new stake in shares of Wheaton Precious Metals in the 2nd quarter valued at about $47,000. Finally, First Horizon Advisors Inc. bought a new position in shares of Wheaton Precious Metals during the third quarter valued at approximately $67,000. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wall Street Analyst Weigh In

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

Wheaton Precious Metals Trading Down 2.5 %

Shares of NYSE:WPM traded down $1.60 on Friday, hitting $61.33. 1,062,204 shares of the company were exchanged, compared to its average volume of 1,745,982. The firm has a market capitalization of $27.82 billion, a P/E ratio of 45.77, a price-to-earnings-growth ratio of 1.76 and a beta of 0.75. Wheaton Precious Metals Corp. has a 1-year low of $38.57 and a 1-year high of $68.64. The stock's 50 day moving average price is $62.89 and its 200 day moving average price is $59.60.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, hitting analysts' consensus estimates of $0.34. The company had revenue of $308.25 million during the quarter, compared to analysts' expectations of $324.57 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. During the same quarter in the previous year, the firm posted $0.27 EPS. On average, equities analysts predict that Wheaton Precious Metals Corp. will post 1.44 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were issued a $0.155 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.62 annualized dividend and a yield of 1.01%. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 46.27%.

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.