Cadinha & Co. LLC Has $1.35 Million Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Cadinha & Co. LLC lessened its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 22.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,370 shares of the company's stock after selling 5,065 shares during the quarter. Cadinha & Co. LLC's holdings in Wheaton Precious Metals were worth $1,348,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fielder Capital Group LLC increased its position in Wheaton Precious Metals by 0.7% during the fourth quarter. Fielder Capital Group LLC now owns 24,701 shares of the company's stock worth $1,389,000 after acquiring an additional 176 shares during the period. Signaturefd LLC increased its position in Wheaton Precious Metals by 1.5% during the fourth quarter. Signaturefd LLC now owns 11,877 shares of the company's stock worth $668,000 after acquiring an additional 178 shares during the period. Pacer Advisors Inc. increased its position in 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 acquiring an additional 216 shares during the period. Orion Portfolio Solutions LLC increased its position in Wheaton Precious Metals by 4.4% during the fourth quarter. Orion Portfolio Solutions LLC now owns 6,120 shares of the company's stock worth $344,000 after acquiring an additional 258 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in Wheaton Precious Metals by 8.1% during the fourth quarter. Concurrent Investment Advisors LLC now owns 4,492 shares of the company's stock worth $253,000 after acquiring an additional 336 shares during the period. Institutional investors own 70.34% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WPM. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. Scotiabank lifted their price target on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a research note on Monday, April 14th. Stifel Canada upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. CIBC lifted their price target on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an "outperformer" rating in a research note on Friday, May 9th. Finally, BMO Capital Markets began coverage on shares of Wheaton Precious Metals in a research note on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Wheaton Precious Metals has an average rating of "Buy" and a consensus price target of $85.90.

Wheaton Precious Metals Trading Up 0.9%

Shares of Wheaton Precious Metals stock traded up $0.78 during trading on Friday, reaching $86.84. The company's stock had a trading volume of 1,865,550 shares, compared to its average volume of 1,674,648. The stock has a 50-day moving average price of $80.76 and a two-hundred day moving average price of $69.64. Wheaton Precious Metals Corp. has a one year low of $51.96 and a one year high of $87.42. The stock has a market capitalization of $39.41 billion, a P/E ratio of 64.81, a price-to-earnings-growth ratio of 1.91 and a beta of 0.49.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business 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 business posted $0.36 earnings per share. The firm's revenue for the quarter was up 58.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $0.165 per share. The ex-dividend date is Wednesday, May 28th. This represents a $0.66 annualized dividend and a yield of 0.76%. Wheaton Precious Metals's dividend payout ratio is currently 48.53%.

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.