CWA Asset Management Group LLC Has $716,000 Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

CWA Asset Management Group LLC decreased its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 94.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,224 shares of the company's stock after selling 154,290 shares during the period. CWA Asset Management Group LLC's holdings in Wheaton Precious Metals were worth $716,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of Wheaton Precious Metals during the fourth quarter valued at approximately $20,790,000. Sei Investments Co. raised its stake in 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 in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Wheaton Precious Metals by 9.1% in the fourth quarter. Bank of New York Mellon Corp now owns 399,035 shares of the company's stock worth $22,442,000 after purchasing an additional 33,256 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new position in shares of Wheaton Precious Metals during the first quarter valued at $531,000. Finally, Gotham Asset Management LLC raised its stake in shares of Wheaton Precious Metals by 83.8% during the fourth quarter. Gotham Asset Management LLC now owns 6,324 shares of the company's stock valued at $356,000 after purchasing an additional 2,884 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Scotiabank raised their price objective on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research note on Monday, April 14th. Raymond James Financial upped their target price on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 15th. CIBC lifted their price target on Wheaton Precious Metals from $95.00 to $105.00 and gave the company an "outperformer" rating in a research report on Friday, May 9th. Finally, Royal Bank Of Canada boosted their price objective on Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $86.90.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock traded down $1.63 during midday trading on Tuesday, reaching $88.54. The stock had a trading volume of 2,213,696 shares, compared to its average volume of 1,690,414. Wheaton Precious Metals Corp. has a twelve month low of $51.96 and a twelve month high of $95.23. The firm has a market cap of $40.19 billion, a price-to-earnings ratio of 65.10, a PEG ratio of 2.76 and a beta of 0.46. The firm's fifty day simple moving average is $85.49 and its two-hundred day simple moving average is $72.90.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its 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. The company had revenue of $470.41 million during the quarter, compared to analyst estimates of $446.33 million. Wheaton Precious Metals had a return on equity of 10.32% and a net margin of 42.45%. The company's revenue for the quarter was up 58.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 earnings per share. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.165 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.75%. Wheaton Precious Metals's payout ratio is presently 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.