Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 33.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,911 shares of the company's stock after selling 15,638 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Wheaton Precious Metals were worth $1,888,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Ridgewood Investments LLC bought a new stake in Wheaton Precious Metals during the 2nd quarter valued at about $31,000. Abich Financial Wealth Management LLC purchased a new stake in Wheaton Precious Metals in the 2nd quarter worth $31,000. Sunbelt Securities Inc. purchased a new position in shares of Wheaton Precious Metals in the second quarter worth about $47,000. St. Johns Investment Management Company LLC acquired a new position in shares of Wheaton Precious Metals during the 3rd quarter worth approximately $48,000. Finally, Western Pacific Wealth Management LP grew its holdings in shares of Wheaton Precious Metals by 19.6% in the first quarter. Western Pacific Wealth Management LP now owns 1,331 shares of the company's stock valued at $63,000 after purchasing an additional 218 shares during the period. 70.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have 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. Stifel Canada downgraded Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. Jefferies Financial Group raised their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Raymond James raised 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. Finally, Scotiabank raised their price objective on Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 19th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $70.88.

Wheaton Precious Metals Stock Performance

Shares of WPM traded down $0.64 during trading hours on Wednesday, hitting $59.05. The company had a trading volume of 1,342,496 shares, compared to its average volume of 1,775,497. Wheaton Precious Metals Corp. has a 52-week low of $38.57 and a 52-week high of $68.64. The firm has a fifty day moving average price of $62.76 and a 200-day moving average price of $58.75. The stock has a market capitalization of $26.79 billion, a price-to-earnings ratio of 44.07, a P/E/G ratio of 2.17 and a beta of 0.77.

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 for the quarter, meeting the consensus estimate of $0.34. The firm 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 quarter in the previous year, the company posted $0.27 EPS. Research analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 21st will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, November 21st. 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.