DekaBank Deutsche Girozentrale Has $127.27 Million Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

DekaBank Deutsche Girozentrale lifted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,650,133 shares of the company's stock after purchasing an additional 21,890 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.36% of Wheaton Precious Metals worth $127,274,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Wheaton Precious Metals by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 17,672,518 shares of the company's stock valued at $994,733,000 after acquiring an additional 281,123 shares during the period. FMR LLC boosted its stake in Wheaton Precious Metals by 5.9% in the fourth quarter. FMR LLC now owns 15,529,219 shares of the company's stock valued at $873,995,000 after acquiring an additional 863,306 shares during the last quarter. Royal Bank of Canada boosted its stake in Wheaton Precious Metals by 5.0% in the fourth quarter. Royal Bank of Canada now owns 9,424,930 shares of the company's stock valued at $530,057,000 after acquiring an additional 447,702 shares during the last quarter. Norges Bank bought a new position in Wheaton Precious Metals in the fourth quarter valued at approximately $472,648,000. Finally, TD Asset Management Inc. boosted its stake in Wheaton Precious Metals by 9.6% in the fourth quarter. TD Asset Management Inc. now owns 7,156,818 shares of the company's stock valued at $402,627,000 after acquiring an additional 629,743 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Stock Down 4.7%

Shares of NYSE:WPM traded down $4.38 during midday trading on Tuesday, reaching $88.23. 291,693 shares of the company were exchanged, compared to its average volume of 1,709,054. 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 fifty day simple moving average of $86.80 and a two-hundred day simple moving average of $74.98. The firm has a market cap of $40.05 billion, a PE ratio of 65.09, a P/E/G ratio of 2.74 and a beta of 0.46.

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

Wheaton Precious Metals Dividend Announcement

The business also recently announced 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. This represents a $0.66 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Wednesday, May 28th. Wheaton Precious Metals's payout ratio is 48.53%.

Analyst Ratings Changes

WPM has been the topic of a number of recent research reports. Raymond James Financial raised their price objective on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, April 15th. Berenberg Bank raised their price objective on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. 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. BMO Capital Markets started coverage on shares of Wheaton Precious Metals in a report on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 target price on the stock. Finally, Royal Bank Of Canada increased their target price on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. One 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, Wheaton Precious Metals has an average 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.

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