Janus Henderson Group PLC Sells 168,742 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Janus Henderson Group PLC cut its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 67.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,544 shares of the company's stock after selling 168,742 shares during the quarter. Janus Henderson Group PLC's holdings in Wheaton Precious Metals were worth $5,043,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in WPM. Van ECK Associates Corp increased its holdings in Wheaton Precious Metals by 1.0% in the 2nd quarter. Van ECK Associates Corp now owns 19,984,984 shares of the company's stock valued at $1,047,621,000 after buying an additional 197,426 shares during the period. FMR LLC raised its stake in shares of Wheaton Precious Metals by 33.7% in the third quarter. FMR LLC now owns 14,665,913 shares of the company's stock worth $895,723,000 after acquiring an additional 3,692,594 shares during the last quarter. TD Asset Management Inc lifted its holdings in Wheaton Precious Metals by 22.5% during the 2nd quarter. TD Asset Management Inc now owns 5,950,317 shares of the company's stock worth $311,920,000 after buying an additional 1,092,480 shares in the last quarter. Cibc World Market Inc. boosted its holdings in Wheaton Precious Metals by 3.1% in the second quarter. Cibc World Market Inc. now owns 3,574,648 shares of the company's stock valued at $187,490,000 after acquiring an additional 108,976 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Wheaton Precious Metals by 22.5% during 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 last quarter. 70.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WPM shares. TD Securities upped their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a "buy" rating in a report on Friday, November 8th. National Bank Financial raised Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research report on Thursday, October 10th. Stifel Canada cut shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 21st. Raymond James increased their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Finally, Scotiabank boosted their price target on Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 19th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Wheaton Precious Metals currently has a consensus rating of "Moderate Buy" and an average target price of $71.67.

Wheaton Precious Metals Stock Performance

NYSE:WPM traded up $2.27 during mid-day trading on Wednesday, reaching $64.05. 1,319,172 shares of the company's stock were exchanged, compared to its average volume of 1,767,224. The firm has a market capitalization of $29.06 billion, a PE ratio of 47.79, a price-to-earnings-growth ratio of 1.72 and a beta of 0.75. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64. The business's fifty day simple moving average is $62.97 and its two-hundred day simple moving average is $59.73.

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 analysts' consensus estimates of $0.34. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The firm had revenue of $308.25 million during the quarter, compared to the consensus estimate of $324.57 million. During the same period in the prior year, the company posted $0.27 EPS. As a group, equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders 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 dividend on an annualized basis and a yield of 0.97%. Wheaton Precious Metals's payout ratio is presently 46.27%.

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.