Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd lessened its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 16.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,039 shares of the company's stock after selling 11,353 shares during the period. Te Ahumairangi Investment Management Ltd's holdings in Wheaton Precious Metals were worth $3,153,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cerity Partners LLC boosted its stake in shares of Wheaton Precious Metals by 31.3% during the third quarter. Cerity Partners LLC now owns 17,290 shares of the company's stock valued at $1,056,000 after acquiring an additional 4,124 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Wheaton Precious Metals by 3.2% during the 3rd quarter. Captrust Financial Advisors now owns 43,718 shares of the company's stock worth $2,670,000 after purchasing an additional 1,362 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Wheaton Precious Metals during the third quarter worth about $523,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Wheaton Precious Metals in the third quarter valued at approximately $5,253,000. Finally, HighTower Advisors LLC lifted its stake in shares of Wheaton Precious Metals by 61.4% during the third quarter. HighTower Advisors LLC now owns 235,675 shares of the company's stock valued at $14,381,000 after buying an additional 89,671 shares during the period. 70.34% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

WPM has been the subject of several 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 increased their target price on Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a "sector outperform" rating in a research report on Monday, March 17th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $72.44.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM traded up $0.90 during trading on Thursday, reaching $78.56. 3,416,483 shares of the stock were exchanged, compared to its average volume of 1,637,663. Wheaton Precious Metals Corp. has a 12-month low of $49.41 and a 12-month high of $80.41. The firm's 50-day moving average price is $69.95 and its 200 day moving average price is $64.22. The firm has a market cap of $35.64 billion, a price-to-earnings ratio of 58.62, a price-to-earnings-growth ratio of 1.91 and a beta of 0.74.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $395.74 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. Wheaton Precious Metals's revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 EPS. As a group, equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a boost from Wheaton Precious Metals's previous quarterly dividend of $0.16. Wheaton Precious Metals's payout ratio is currently 56.90%.

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.