Natixis Advisors LLC Lowers Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Natixis Advisors LLC cut its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 17.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,980 shares of the company's stock after selling 10,703 shares during the period. Natixis Advisors LLC's holdings in Wheaton Precious Metals were worth $2,923,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in WPM. Principal Financial Group Inc. increased 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 buying an additional 196 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Wheaton Precious Metals by 5.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 33,409 shares of the company's stock valued at $2,041,000 after purchasing an additional 1,768 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of Wheaton Precious Metals in the 3rd quarter worth approximately $67,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Wheaton Precious Metals by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 955,540 shares of the company's stock valued at $58,422,000 after purchasing an additional 36,970 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in Wheaton Precious Metals by 10.3% during the third quarter. Citigroup Inc. now owns 550,642 shares of the company's stock valued at $33,667,000 after buying an additional 51,635 shares during the period. Hedge funds and other institutional investors own 70.34% of the company's stock.

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Wheaton Precious Metals Stock Up 1.3 %

Shares of Wheaton Precious Metals stock traded up $1.00 during midday trading on Tuesday, hitting $75.91. The company had a trading volume of 986,050 shares, compared to its average volume of 1,603,516. The stock has a market cap of $34.44 billion, a price-to-earnings ratio of 56.65, a PEG ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a 12-month low of $44.57 and a 12-month high of $77.44. The company has a fifty day simple moving average of $66.95 and a 200 day simple moving average of $63.32.

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

Wheaton Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, April 1st. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 0.87%. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 56.90%.

Analyst Ratings Changes

WPM has been the topic of a number of analyst reports. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Scotiabank lifted their target price on Wheaton Precious Metals from $78.00 to $79.00 and gave the company a "sector outperform" rating in a research note on Monday, March 17th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $72.44.

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.