Parsons Capital Management Inc. RI Sells 500 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Parsons Capital Management Inc. RI reduced its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,526 shares of the company’s stock after selling 500 shares during the period. Parsons Capital Management Inc. RI’s holdings in Wheaton Precious Metals were worth $3,123,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Merit Financial Group LLC grew its holdings in Wheaton Precious Metals by 3.9% during 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 period. Insigneo Advisory Services LLC grew its holdings in Wheaton Precious Metals by 2.2% during the third quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock valued at $522,000 after purchasing an additional 187 shares during the period. Principal Financial Group Inc. grew its holdings in 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 during the period. Vontobel Holding Ltd. grew its holdings in Wheaton Precious Metals by 0.6% during the third quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company’s stock valued at $2,110,000 after purchasing an additional 197 shares during the period. Finally, Arkadios Wealth Advisors lifted its stake in Wheaton Precious Metals by 1.0% in the third quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company’s stock valued at $1,318,000 after buying an additional 210 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

WPM stock opened at $58.81 on Monday. The company’s 50-day simple moving average is $59.46 and its 200 day simple moving average is $60.60. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $68.64. The company has a market capitalization of $26.68 billion, a PE ratio of 43.71, a price-to-earnings-growth ratio of 1.29 and a beta of 0.76.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business had revenue of $308.25 million for the quarter, compared to the consensus estimate of $324.57 million. During the same period in the prior year, the company posted $0.27 earnings per share. On average, analysts forecast that Wheaton Precious Metals Corp. will post 1.45 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were given 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 1.05%. Wheaton Precious Metals’s dividend payout ratio is 46.27%.

Wall Street Analyst Weigh In

WPM has been the topic of a number of research reports. Raymond James lifted their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Stifel Canada lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Jefferies Financial Group boosted their price objective on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Finally, UBS Group assumed coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective on the stock. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $71.67.

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.