D.A. Davidson & CO. Sells 2,886 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

D.A. Davidson & CO. cut its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 17.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,139 shares of the company's stock after selling 2,886 shares during the quarter. D.A. Davidson & CO.'s holdings in Wheaton Precious Metals were worth $1,098,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Continuum Advisory LLC lifted its stake in Wheaton Precious Metals by 9.0% during the first quarter. Continuum Advisory LLC now owns 1,823 shares of the company's stock worth $142,000 after purchasing an additional 151 shares during the period. PFG Investments LLC lifted its stake in Wheaton Precious Metals by 0.8% during the first quarter. PFG Investments LLC now owns 22,515 shares of the company's stock worth $1,748,000 after purchasing an additional 172 shares during the period. Signaturefd LLC lifted its stake 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 purchasing an additional 178 shares during the period. PDS Planning Inc lifted its stake in Wheaton Precious Metals by 5.0% during the first quarter. PDS Planning Inc now owns 4,497 shares of the company's stock worth $349,000 after purchasing an additional 213 shares during the period. Finally, NBT Bank N A NY lifted its stake in Wheaton Precious Metals by 129.3% during the first quarter. NBT Bank N A NY now owns 415 shares of the company's stock worth $32,000 after purchasing an additional 234 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Scotiabank raised 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. CIBC boosted their price objective on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an "outperformer" rating in a research report on Friday, May 9th. BMO Capital Markets initiated coverage on shares of Wheaton Precious Metals in a report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 target price for the company. Berenberg Bank lifted their target price on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Finally, Raymond James Financial boosted their price target on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, April 15th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $93.00.

Wheaton Precious Metals Trading Up 1.2%

Shares of Wheaton Precious Metals stock traded up $1.06 during trading hours on Thursday, reaching $89.90. 1,728,317 shares of the company's stock were exchanged, compared to its average volume of 1,718,675. The company has a 50 day moving average of $87.18 and a two-hundred day moving average of $75.38. Wheaton Precious Metals Corp. has a fifty-two week low of $53.05 and a fifty-two week high of $95.23. The stock has a market cap of $40.81 billion, a P/E ratio of 66.10, a P/E/G ratio of 2.69 and a beta of 0.46.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $470.41 million during the quarter, compared to the consensus estimate of $446.33 million. During the same period in the prior year, the business posted $0.36 EPS. The company's quarterly revenue was up 58.4% on a year-over-year basis. As a group, analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced 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 was Wednesday, May 28th. This represents a $0.66 annualized dividend and a yield of 0.73%. Wheaton Precious Metals's dividend payout ratio (DPR) 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.