SG Americas Securities LLC Has $672,000 Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

SG Americas Securities LLC lowered its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 28.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,956 shares of the company's stock after selling 4,696 shares during the period. SG Americas Securities LLC's holdings in Wheaton Precious Metals were worth $672,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in Wheaton Precious Metals by 33.7% in the third quarter. FMR LLC now owns 14,665,913 shares of the company's stock valued at $895,723,000 after purchasing an additional 3,692,594 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Wheaton Precious Metals by 22.5% in the third quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company's stock worth $211,207,000 after buying an additional 634,843 shares during the period. National Bank of Canada FI lifted its stake in Wheaton Precious Metals by 21.3% in the third quarter. National Bank of Canada FI now owns 2,923,402 shares of the company's stock valued at $178,551,000 after buying an additional 513,890 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Wheaton Precious Metals by 10.6% during the third quarter. CIBC Asset Management Inc now owns 2,273,160 shares of the company's stock valued at $140,099,000 after acquiring an additional 218,575 shares during the period. Finally, Geode Capital Management LLC lifted its position in Wheaton Precious Metals by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,002,629 shares of the company's stock valued at $121,939,000 after purchasing an additional 111,769 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

Shares of NYSE WPM traded up $1.19 during mid-day trading on Monday, hitting $63.66. 1,013,473 shares of the stock were exchanged, compared to its average volume of 1,379,807. Wheaton Precious Metals Corp. has a twelve month low of $38.57 and a twelve month high of $68.64. The stock's fifty day simple moving average is $59.30 and its two-hundred day simple moving average is $60.63. The company has a market cap of $28.88 billion, a P/E ratio of 47.50, a PEG ratio of 1.61 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, meeting analysts' consensus estimates of $0.34. The firm 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 period last year, the firm posted $0.27 EPS. As a group, equities research analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio is presently 46.27%.

Wall Street Analyst Weigh In

WPM has been the subject of several research analyst reports. National Bank Financial raised shares of Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a report on Thursday, October 10th. TD Securities upped their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a "buy" rating in a report on Friday, November 8th. UBS Group initiated coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They set a "buy" rating and a $78.00 price target on the stock. Stifel Canada lowered Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. Finally, Raymond James boosted their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. One 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 a consensus rating of "Moderate Buy" and a consensus price target of $71.67.

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.