Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lessened its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 41.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,135 shares of the company's stock after selling 5,835 shares during the quarter. Cresset Asset Management LLC's holdings in Wheaton Precious Metals were worth $458,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Crestline Management LP bought a new position in Wheaton Precious Metals during the 4th quarter worth approximately $9,785,000. Cetera Investment Advisers grew its holdings in Wheaton Precious Metals by 95.2% in the 4th quarter. Cetera Investment Advisers now owns 76,724 shares of the company's stock worth $4,315,000 after acquiring an additional 37,421 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Wheaton Precious Metals by 2.0% in the fourth quarter. Captrust Financial Advisors now owns 44,592 shares of the company's stock valued at $2,508,000 after acquiring an additional 874 shares during the period. BW Gestao de Investimentos Ltda. bought a new position in shares of Wheaton Precious Metals during the fourth quarter valued at about $3,093,000. Finally, Baird Financial Group Inc. boosted its holdings in shares of Wheaton Precious Metals by 1.2% during the fourth quarter. Baird Financial Group Inc. now owns 205,610 shares of the company's stock worth $11,564,000 after purchasing an additional 2,360 shares during the period. 70.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WPM has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price target on Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a report on Friday, April 4th. Raymond James boosted their target price on Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, April 15th. Stifel Canada upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. CIBC upped their price objective on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an "outperformer" rating in a report on Friday, May 9th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research note on Wednesday, April 23rd. One investment 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 stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $85.90.

Wheaton Precious Metals Trading Up 1.8%

NYSE WPM traded up $1.45 during trading hours on Tuesday, hitting $81.81. 294,828 shares of the company's stock traded hands, compared to its average volume of 1,668,219. The business's fifty day moving average price is $78.87 and its two-hundred day moving average price is $68.24. The firm has a market capitalization of $37.13 billion, a P/E ratio of 60.99, a P/E/G ratio of 1.91 and a beta of 0.49. Wheaton Precious Metals Corp. has a 52 week low of $51.96 and a 52 week high of $87.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, topping 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 the consensus estimate of $446.33 million. During the same quarter in the prior year, the firm posted $0.36 EPS. Wheaton Precious Metals's quarterly revenue was up 58.4% compared to the same quarter last year. On average, sell-side analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio is currently 48.53%.

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.