Balyasny Asset Management L.P. Sells 28,774 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Balyasny Asset Management L.P. lessened its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 70.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,144 shares of the company's stock after selling 28,774 shares during the period. Balyasny Asset Management L.P.'s holdings in Wheaton Precious Metals were worth $683,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in shares of Wheaton Precious Metals during the fourth quarter valued at $20,790,000. Sei Investments Co. raised its position in shares of Wheaton Precious Metals by 25.7% during the 4th quarter. Sei Investments Co. now owns 40,769 shares of the company's stock valued at $2,293,000 after acquiring an additional 8,331 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Wheaton Precious Metals by 9.1% in the 4th quarter. Bank of New York Mellon Corp now owns 399,035 shares of the company's stock valued at $22,442,000 after purchasing an additional 33,256 shares during the period. Pacer Advisors Inc. grew its stake in shares of Wheaton Precious Metals by 5.7% during the fourth quarter. Pacer Advisors Inc. now owns 4,027 shares of the company's stock worth $226,000 after purchasing an additional 216 shares during the period. Finally, Miracle Mile Advisors LLC bought a new stake in Wheaton Precious Metals in the fourth quarter valued at about $773,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Up 2.4%

Shares of WPM stock traded up $1.89 during trading on Monday, reaching $80.39. The company's stock had a trading volume of 1,383,407 shares, compared to its average volume of 1,673,586. Wheaton Precious Metals Corp. has a one year low of $51.96 and a one year high of $87.42. The business has a fifty day moving average price of $78.69 and a 200-day moving average price of $68.14. The company has a market cap of $36.48 billion, a price-to-earnings ratio of 59.99, a price-to-earnings-growth ratio of 1.91 and a beta of 0.49.

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

Wheaton Precious Metals Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. CIBC raised their target price on Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an "outperformer" rating in a report on Friday, May 9th. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. Scotiabank increased their target price on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a report on Monday, April 14th. Raymond James boosted their price target on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, April 15th. Finally, BMO Capital Markets initiated coverage on Wheaton Precious Metals in a research note on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $85.90.

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.