Cresset Asset Management LLC Sells 5,835 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Cresset Asset Management LLC reduced its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 41.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,135 shares of the company's stock after selling 5,835 shares during the period. Cresset Asset Management LLC's holdings in Wheaton Precious Metals were worth $458,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in shares of Wheaton Precious Metals in the fourth quarter worth about $20,790,000. Sei Investments Co. grew its position in Wheaton Precious Metals by 25.7% during the fourth quarter. Sei Investments Co. now owns 40,769 shares of the company's stock worth $2,293,000 after buying an additional 8,331 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Wheaton Precious Metals by 9.1% during the fourth 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 in the last quarter. Pacer Advisors Inc. boosted its holdings in Wheaton Precious Metals by 5.7% during the fourth quarter. Pacer Advisors Inc. now owns 4,027 shares of the company's stock valued at $226,000 after purchasing an additional 216 shares in the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in Wheaton Precious Metals during the fourth quarter valued at approximately $773,000. 70.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. StockNews.com raised Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday. Raymond James boosted their target price on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, April 15th. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a report on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 target price on the stock. Finally, Royal Bank of Canada boosted their target price on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a "sector perform" rating in a report on Friday, April 4th. 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $85.90.

Wheaton Precious Metals Stock Performance

NYSE:WPM opened at $76.33 on Thursday. The stock's fifty day moving average price is $78.36 and its two-hundred day moving average price is $67.96. Wheaton Precious Metals Corp. has a 52-week low of $51.96 and a 52-week high of $87.42. The company has a market cap of $34.64 billion, a price-to-earnings ratio of 56.96, a P/E/G 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The firm had revenue of $470.41 million for the quarter, compared to the consensus estimate of $446.33 million. During the same quarter in the prior year, the business earned $0.36 EPS. The business's revenue for the quarter was up 58.4% compared to the same quarter last year. On average, equities analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th 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 Wednesday, May 28th. Wheaton Precious Metals's payout ratio is 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.

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