UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 300,057 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 17.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,469,335 shares of the company's stock after selling 300,057 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.32% of Wheaton Precious Metals worth $89,747,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC grew its holdings in shares of Wheaton Precious Metals by 33.7% during 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. Canoe Financial LP purchased a new position in Wheaton Precious Metals in the 3rd quarter worth about $113,017,000. Barings LLC acquired a new stake in shares of Wheaton Precious Metals in the second quarter worth $65,405,000. TD Asset Management Inc grew its position in Wheaton Precious Metals by 22.5% during the second quarter. TD Asset Management Inc now owns 5,950,317 shares of the company's stock valued at $311,920,000 after purchasing an additional 1,092,480 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its position in Wheaton Precious Metals by 196.1% during the second quarter. King Luther Capital Management Corp now owns 1,013,847 shares of the company's stock valued at $53,146,000 after purchasing an additional 671,432 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Stock Performance

Shares of WPM stock traded up $1.61 on Tuesday, hitting $63.09. The company had a trading volume of 1,240,129 shares, compared to its average volume of 1,779,661. Wheaton Precious Metals Corp. has a twelve month low of $38.57 and a twelve month high of $68.64. The stock's 50-day moving average is $62.97 and its two-hundred day moving average is $59.47. The firm has a market cap of $28.62 billion, a P/E ratio of 47.16, a P/E/G ratio of 1.72 and a beta of 0.75.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, hitting analysts' consensus estimates of $0.34. The business had revenue of $308.25 million for the quarter, compared to the consensus estimate 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 in the prior year, the business earned $0.27 EPS. Equities research analysts predict that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio is currently 46.27%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. National Bank Financial upgraded Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. Stifel Canada cut Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 21st. Raymond James lifted their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. TD Securities raised their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group boosted their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently 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.