Wheaton Precious Metals Corp. (NYSE:WPM) Stake Cut by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC decreased its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,184 shares of the company’s stock after selling 300 shares during the period. Capital Asset Advisory Services LLC’s holdings in Wheaton Precious Metals were worth $2,542,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Versant Capital Management Inc acquired a new position in Wheaton Precious Metals during the 4th quarter valued at approximately $29,000. Laurel Wealth Advisors LLC acquired a new position in shares of Wheaton Precious Metals during the fourth quarter valued at $39,000. GAMMA Investing LLC bought a new position in shares of Wheaton Precious Metals during the fourth quarter worth about $41,000. Sunbelt Securities Inc. bought a new position in shares of Wheaton Precious Metals during the second quarter worth about $47,000. Finally, St. Johns Investment Management Company LLC bought a new stake in Wheaton Precious Metals in the 3rd quarter valued at about $48,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Up 1.8 %

NYSE:WPM opened at $60.00 on Monday. Wheaton Precious Metals Corp. has a 52-week low of $38.57 and a 52-week high of $68.64. The firm has a market cap of $27.22 billion, a P/E ratio of 44.77, a PEG ratio of 1.29 and a beta of 0.76. The business’s 50-day moving average price is $59.46 and its 200 day moving average price is $60.60.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. The business had revenue of $308.25 million for the quarter, compared to the consensus estimate of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same period in the previous year, the firm earned $0.27 EPS. Sell-side analysts expect that Wheaton Precious Metals Corp. will post 1.45 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.62 annualized dividend and a yield of 1.03%. Wheaton Precious Metals’s payout ratio is presently 46.27%.

Analyst Ratings Changes

Several equities research analysts have commented on WPM shares. UBS Group initiated coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 price target on the stock. Jefferies Financial Group lifted their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Raymond James raised their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Stifel Canada downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, TD Securities increased their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and an average price target of $71.67.

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.