Cambridge Investment Research Advisors Inc. Sells 9,962 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Cambridge Investment Research Advisors Inc. lowered its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 14.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,388 shares of the company's stock after selling 9,962 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Wheaton Precious Metals were worth $4,455,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of WPM. Raymond James Financial Inc. acquired a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $20,790,000. Sei Investments Co. increased its stake in shares of 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 purchasing an additional 8,331 shares during the period. Bank of New York Mellon Corp boosted its holdings in 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. Dynamic Advisor Solutions LLC acquired a new stake in Wheaton Precious Metals during the first quarter worth approximately $531,000. Finally, Gotham Asset Management LLC raised its holdings in Wheaton Precious Metals by 83.8% in the 4th quarter. Gotham Asset Management LLC now owns 6,324 shares of the company's stock valued at $356,000 after acquiring an additional 2,884 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WPM shares. Wall Street Zen upgraded Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. CIBC boosted their target price on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the company an "outperformer" rating in a research report on Friday, May 9th. UBS Group increased their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. Finally, Scotiabank boosted their price target on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a report on Monday, April 14th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $92.75.

Wheaton Precious Metals Stock Up 0.7%

Wheaton Precious Metals stock traded up $0.61 during trading hours on Wednesday, hitting $89.99. The stock had a trading volume of 674,957 shares, compared to its average volume of 1,708,646. The business's 50 day simple moving average is $86.08 and its 200-day simple moving average is $73.96. Wheaton Precious Metals Corp. has a one year low of $52.12 and a one year high of $95.23. The stock has a market cap of $40.85 billion, a price-to-earnings ratio of 66.12, a P/E/G ratio of 2.74 and a beta of 0.46.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. Wheaton Precious Metals had a net margin of 42.45% and a return on equity of 10.32%. The business had revenue of $470.41 million for the quarter, compared to the consensus estimate of $446.33 million. During the same period last year, the company earned $0.36 EPS. The firm's revenue was up 58.4% compared to the same quarter last year. Research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were paid a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.73%. Wheaton Precious Metals's dividend 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.