Ameriprise Financial Inc. Sells 71,806 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Ameriprise Financial Inc. lowered its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 17.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 337,702 shares of the company's stock after selling 71,806 shares during the period. Ameriprise Financial Inc. owned 0.07% of Wheaton Precious Metals worth $19,404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WPM. Manatuck Hill Partners LLC bought a new position in shares of Wheaton Precious Metals in the 4th quarter worth approximately $844,000. Mercer Global Advisors Inc. ADV boosted its stake in shares of Wheaton Precious Metals by 7.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,577 shares of the company's stock worth $482,000 after acquiring an additional 606 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Wheaton Precious Metals by 1,321.7% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,221,522 shares of the company's stock valued at $68,720,000 after acquiring an additional 1,135,603 shares during the period. Parvin Asset Management LLC purchased a new stake in shares of Wheaton Precious Metals in the 4th quarter worth $685,000. Finally, Ion Asset Management Ltd. raised its holdings in Wheaton Precious Metals by 8.2% in the 4th quarter. Ion Asset Management Ltd. now owns 15,700 shares of the company's stock worth $883,000 after purchasing an additional 1,190 shares during the period. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock traded up $1.89 during trading on Monday, hitting $80.39. The stock had a trading volume of 1,383,407 shares, compared to its average volume of 1,673,586. The firm's fifty day simple moving average is $78.69 and its 200-day simple moving average is $68.14. Wheaton Precious Metals Corp. has a 12 month low of $51.96 and a 12 month high of $87.42. The stock has a market cap of $36.48 billion, a PE ratio of 59.99, a PEG ratio of 1.91 and a beta of 0.49.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $470.41 million during the quarter, compared to analysts' expectations of $446.33 million. During the same period in the previous year, the company earned $0.36 EPS. The firm's quarterly revenue was up 58.4% on a year-over-year basis. Analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 48.53%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BMO Capital Markets assumed coverage on Wheaton Precious Metals in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price objective on the stock. UBS Group raised their price objective on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Scotiabank lifted their target price on Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research note on Monday, April 14th. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $85.90.

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.