DF Dent & Co. Inc. Sells 14,000 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

DF Dent & Co. Inc. trimmed its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 31.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,200 shares of the company's stock after selling 14,000 shares during the period. DF Dent & Co. Inc.'s holdings in Wheaton Precious Metals were worth $1,755,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in shares of Wheaton Precious Metals in the fourth quarter worth $29,000. Promus Capital LLC acquired a new position in Wheaton Precious Metals during the 4th quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Wheaton Precious Metals in the fourth quarter worth about $38,000. Headlands Technologies LLC boosted its holdings in shares of Wheaton Precious Metals by 494.9% in the fourth quarter. Headlands Technologies LLC now owns 696 shares of the company's stock valued at $39,000 after acquiring an additional 579 shares in the last quarter. Finally, Laurel Wealth Advisors LLC bought a new position in Wheaton Precious Metals during the 4th quarter valued at $39,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WPM. Scotiabank raised their price objective on shares of Wheaton Precious Metals from $78.00 to $79.00 and gave the company a "sector outperform" rating in a research report on Monday, March 17th. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Raymond James increased their price objective on Wheaton Precious Metals from $75.00 to $88.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, Royal Bank of Canada raised their price objective on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a research report on Friday, April 4th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Wheaton Precious Metals has a consensus rating of "Buy" and a consensus price target of $74.50.

Remove Ads

Wheaton Precious Metals Price Performance

WPM stock traded up $3.74 on Wednesday, reaching $74.30. 2,878,994 shares of the company were exchanged, compared to its average volume of 1,644,509. The stock's fifty day moving average price is $71.27 and its 200 day moving average price is $64.63. Wheaton Precious Metals Corp. has a 12 month low of $49.43 and a 12 month high of $80.43. The firm has a market capitalization of $33.71 billion, a PE ratio of 55.45, 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01). The business had revenue of $380.52 million during the quarter, compared to the consensus estimate of $395.74 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company's quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. As a group, research analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be issued a $0.165 dividend. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 1st. This represents a $0.66 annualized dividend and a dividend yield of 0.89%. Wheaton Precious Metals's dividend payout ratio is presently 56.90%.

About Wheaton Precious Metals

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.