Blair William & Co. IL Sells 173 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Blair William & Co. IL lessened its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 133,270 shares of the company’s stock after selling 173 shares during the quarter. Blair William & Co. IL’s holdings in Wheaton Precious Metals were worth $7,495,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Versant Capital Management Inc bought a new stake in Wheaton Precious Metals during the fourth quarter worth approximately $29,000. Promus Capital LLC bought a new stake in shares of Wheaton Precious Metals during the 4th quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Wheaton Precious Metals in the 4th quarter worth $38,000. Laurel Wealth Advisors LLC acquired a new position in Wheaton Precious Metals during the 4th quarter worth $39,000. Finally, Quintet Private Bank Europe S.A. bought a new stake in Wheaton Precious Metals during the fourth quarter valued at about $39,000. 70.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WPM. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Scotiabank lifted their price target 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 analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $72.44.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at $76.86 on Friday. The stock has a market cap of $34.87 billion, a P/E ratio of 57.36, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. The stock has a fifty day moving average price of $68.44 and a 200 day moving average price of $63.78. Wheaton Precious Metals Corp. has a one year low of $47.02 and a one year high of $77.86.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). The business had revenue of $380.52 million for the quarter, compared to analyst estimates of $395.74 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. Wheaton Precious Metals’s revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share. Equities research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Tuesday, April 1st will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Tuesday, April 1st. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.16. Wheaton Precious Metals’s dividend payout ratio (DPR) is 56.90%.

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.