Federated Hermes Inc. Has $71.41 Million Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Federated Hermes Inc. lowered its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 22.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 919,824 shares of the company's stock after selling 263,425 shares during the quarter. Federated Hermes Inc. owned 0.20% of Wheaton Precious Metals worth $71,406,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Foundations Investment Advisors LLC purchased a new position in Wheaton Precious Metals during the first quarter valued at approximately $245,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Wheaton Precious Metals by 31.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 259,449 shares of the company's stock worth $20,130,000 after acquiring an additional 62,540 shares in the last quarter. HB Wealth Management LLC boosted its holdings in shares of Wheaton Precious Metals by 4.9% during the 1st quarter. HB Wealth Management LLC now owns 4,912 shares of the company's stock worth $381,000 after buying an additional 229 shares during the period. TD Asset Management Inc boosted its holdings in shares of Wheaton Precious Metals by 5.0% during the 1st quarter. TD Asset Management Inc now owns 7,512,351 shares of the company's stock worth $582,876,000 after buying an additional 355,533 shares during the period. Finally, Mediolanum International Funds Ltd boosted its holdings in shares of Wheaton Precious Metals by 4.0% during the 1st quarter. Mediolanum International Funds Ltd now owns 37,655 shares of the company's stock worth $2,901,000 after buying an additional 1,435 shares during the period. Institutional investors and hedge funds own 70.34% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on WPM shares. Wall Street Zen raised shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday, May 12th. CIBC reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, July 15th. Raymond James Financial upped their price objective on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, April 15th. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. Finally, Royal Bank Of Canada upped their price objective 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, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $93.00.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM traded up $0.60 on Friday, hitting $92.11. 1,622,166 shares of the company were exchanged, compared to its average volume of 1,833,638. The company's 50 day moving average price is $90.20 and its two-hundred day moving average price is $78.99. Wheaton Precious Metals Corp. has a one year low of $53.05 and a one year high of $96.83. The firm has a market capitalization of $41.81 billion, a price-to-earnings ratio of 67.73, a PEG ratio of 2.54 and a beta of 0.46.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data 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. 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 analysts' expectations of $446.33 million. During the same quarter in the prior year, the company posted $0.36 EPS. The business's revenue was up 58.4% on a year-over-year basis. Research analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.7%. Wheaton Precious Metals's dividend payout ratio 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.