D.A. Davidson & CO. Has $1.10 Million Stock Holdings in 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 and Exchange Commission. The firm owned 14,139 shares of the company's stock after selling 2,886 shares during the period. D.A. Davidson & CO.'s holdings in Wheaton Precious Metals were worth $1,098,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. NBT Bank N A NY boosted its stake in Wheaton Precious Metals by 129.3% in the 1st quarter. NBT Bank N A NY now owns 415 shares of the company's stock valued at $32,000 after buying an additional 234 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Wheaton Precious Metals in the fourth quarter worth $38,000. Headlands Technologies LLC boosted its stake in Wheaton Precious Metals by 494.9% in the fourth quarter. Headlands Technologies LLC now owns 696 shares of the company's stock worth $39,000 after purchasing an additional 579 shares in the last quarter. Flagship Wealth Advisors LLC acquired a new position in Wheaton Precious Metals in the fourth quarter worth $41,000. Finally, Princeton Global Asset Management LLC acquired a new position in Wheaton Precious Metals in the first quarter worth $52,000. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Stock Performance

NYSE:WPM traded up $1.14 during mid-day trading on Friday, hitting $91.03. The company had a trading volume of 1,685,601 shares, compared to its average volume of 1,718,544. Wheaton Precious Metals Corp. has a fifty-two week low of $53.05 and a fifty-two week high of $95.23. The business's fifty day moving average is $87.18 and its two-hundred day moving average is $75.38. The firm has a market cap of $41.32 billion, a P/E ratio of 66.93, a P/E/G ratio of 2.69 and a beta of 0.46.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings results 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 10.32% and a net margin of 42.45%. 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 company earned $0.36 earnings per share. The company's revenue for the quarter was up 58.4% compared to the same quarter last year. Equities analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were issued 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 dividend yield of 0.73%. Wheaton Precious Metals's payout ratio is presently 48.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Berenberg Bank boosted their price objective on Wheaton Precious Metals from $87.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Raymond James Financial boosted their price objective on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 15th. UBS Group boosted their price objective on Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. BMO Capital Markets began coverage on 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. Finally, Wall Street Zen raised Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Wheaton Precious Metals has a consensus rating of "Buy" and a consensus target price of $93.00.

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.