Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 21.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 489,232 shares of the company's stock after selling 132,540 shares during the period. Russell Investments Group Ltd. owned 0.11% of Wheaton Precious Metals worth $27,496,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of WPM. Quantinno Capital Management LP grew its holdings in shares of Wheaton Precious Metals by 18.0% in the third quarter. Quantinno Capital Management LP now owns 13,147 shares of the company's stock valued at $803,000 after purchasing an additional 2,004 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Wheaton Precious Metals by 42.7% in the 3rd quarter. Wellington Management Group LLP now owns 133,627 shares of the company's stock valued at $8,170,000 after acquiring an additional 39,979 shares during the period. MML Investors Services LLC grew its holdings in shares of Wheaton Precious Metals by 8.8% during the third quarter. MML Investors Services LLC now owns 8,285 shares of the company's stock worth $506,000 after buying an additional 669 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Wheaton Precious Metals in the 3rd quarter valued at $2,337,000. Finally, Continuum Advisory LLC raised its stake in shares of Wheaton Precious Metals by 585.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,672 shares of the company's stock worth $99,000 after buying an additional 1,428 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

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Wheaton Precious Metals Price Performance

Shares of NYSE:WPM traded up $4.18 during trading on Friday, reaching $82.08. 3,609,122 shares of the company's stock traded hands, compared to its average volume of 1,650,179. The company has a 50 day moving average of $71.92 and a 200-day moving average of $64.86. Wheaton Precious Metals Corp. has a 12 month low of $49.71 and a 12 month high of $82.99. The stock has a market capitalization of $37.24 billion, a P/E ratio of 61.25, a price-to-earnings-growth ratio of 1.91 and a beta of 0.74.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its earnings results on Thursday, March 13th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). The company 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 business's quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 earnings per share. Equities research analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm 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. This represents a $0.66 dividend on an annualized basis and a yield of 0.80%. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, April 1st. Wheaton Precious Metals's dividend payout ratio is 56.90%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada lifted their price target 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. Stifel Canada upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Raymond James boosted their price objective on shares of Wheaton Precious Metals from $75.00 to $88.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Scotiabank increased 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. Finally, UBS Group raised their price objective on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research note on Friday. 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 data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $75.60.

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.