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

D.A. Davidson & CO. trimmed its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 17.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of WPM. Continuum Advisory LLC increased 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 acquiring an additional 151 shares during the last quarter. PFG Investments LLC increased 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 acquiring an additional 172 shares during the last quarter. Signaturefd LLC increased 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 acquiring an additional 178 shares during the last quarter. PDS Planning Inc increased 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 acquiring an additional 213 shares during the last quarter. Finally, NBT Bank N A NY increased 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 acquiring an additional 234 shares during the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock traded up $2.08 during trading on Wednesday, reaching $88.80. The company's stock had a trading volume of 1,828,475 shares, compared to its average volume of 1,715,410. The business's fifty day moving average price is $86.90 and its 200-day moving average price is $75.06. The firm has a market cap of $40.31 billion, a price-to-earnings ratio of 65.29, a price-to-earnings-growth ratio of 2.80 and a beta of 0.46. Wheaton Precious Metals Corp. has a one year low of $53.05 and a one year high of $95.23.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm had revenue of $470.41 million for 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 quarterly revenue was up 58.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 earnings per share. Sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.74%. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 48.53%.

Analyst Ratings Changes

A number of research firms have recently issued reports on WPM. BMO Capital Markets began coverage on Wheaton Precious Metals in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 target price for the company. Scotiabank increased their target price on 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. Berenberg Bank increased their target price on Wheaton Precious Metals from $87.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Raymond James Financial increased their target price on Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, April 15th. Finally, Wall Street Zen upgraded Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One investment 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, Wheaton Precious Metals has a consensus rating of "Buy" and a consensus target price of $93.00.

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.