Marshall Wace LLP Trims Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Marshall Wace LLP trimmed its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 57.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,538 shares of the company's stock after selling 247,627 shares during the quarter. Marshall Wace LLP's holdings in Wheaton Precious Metals were worth $10,435,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WPM. Fielder Capital Group LLC increased its holdings in shares of Wheaton Precious Metals by 0.7% during the fourth quarter. Fielder Capital Group LLC now owns 24,701 shares of the company's stock worth $1,389,000 after buying an additional 176 shares in the last quarter. Signaturefd LLC increased its holdings in Wheaton Precious Metals by 1.5% in the 4th quarter. Signaturefd LLC now owns 11,877 shares of the company's stock worth $668,000 after purchasing an additional 178 shares in the last quarter. Merit Financial Group LLC raised its position in Wheaton Precious Metals by 3.9% in the fourth quarter. Merit Financial Group LLC now owns 4,818 shares of the company's stock valued at $271,000 after purchasing an additional 179 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Wheaton Precious Metals by 1.0% during the third quarter. Principal Financial Group Inc. now owns 19,761 shares of the company's stock valued at $1,208,000 after purchasing an additional 196 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Wheaton Precious Metals by 5.7% during the fourth quarter. Pacer Advisors Inc. now owns 4,027 shares of the company's stock valued at $226,000 after purchasing an additional 216 shares in the last quarter. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Stock Down 0.7 %

Wheaton Precious Metals stock traded down $0.55 during mid-day trading on Friday, reaching $81.62. 1,463,968 shares of the company's stock were exchanged, compared to its average volume of 1,651,251. The business's fifty day simple moving average is $74.82 and its 200 day simple moving average is $66.20. Wheaton Precious Metals Corp. has a one year low of $51.42 and a one year high of $87.42. The firm has a market capitalization of $37.03 billion, a PE ratio of 60.91, a P/E/G ratio of 1.91 and a beta of 0.74.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The company had revenue of $380.52 million during the quarter, compared to the consensus estimate of $395.74 million. During the same period in the prior year, the firm posted $0.36 EPS. The business's revenue was up 21.4% on a year-over-year basis. On average, sell-side analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Tuesday, April 1st were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.66 annualized dividend and a yield of 0.81%. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. Wheaton Precious Metals's dividend payout ratio (DPR) is 56.90%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WPM shares. Raymond James raised their price objective on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, April 15th. BMO Capital Markets initiated coverage on shares of Wheaton Precious Metals in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price objective on the stock. Scotiabank raised their target price on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a research report on Monday, April 14th. National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday. Finally, Royal Bank of Canada increased their price target on Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a research note on Friday, April 4th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $83.40.

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.