Wheaton Precious Metals Corp. (NYSE:WPM) Stock Holdings Lowered by Fiera Capital Corp

Fiera Capital Corp cut its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 8.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 353,996 shares of the company's stock after selling 31,963 shares during the period. Fiera Capital Corp owned 0.08% of Wheaton Precious Metals worth $27,498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of WPM. Cerity Partners LLC grew its position in shares of Wheaton Precious Metals by 5.5% in the 1st quarter. Cerity Partners LLC now owns 20,271 shares of the company's stock valued at $1,574,000 after buying an additional 1,058 shares during the last quarter. Sei Investments Co. boosted its stake in Wheaton Precious Metals by 25.7% during the 4th quarter. Sei Investments Co. now owns 40,769 shares of the company's stock worth $2,293,000 after purchasing an additional 8,331 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Wheaton Precious Metals by 37.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,109 shares of the company's stock worth $630,000 after purchasing an additional 2,208 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Wheaton Precious Metals by 5.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,392 shares of the company's stock worth $419,000 after acquiring an additional 297 shares during the period. Finally, Dynamic Advisor Solutions LLC acquired a new stake in shares of Wheaton Precious Metals in the 1st quarter worth $531,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock traded up $0.60 during trading on Friday, reaching $92.11. The company had a trading volume of 1,622,166 shares, compared to its average volume of 1,833,638. Wheaton Precious Metals Corp. has a 12-month low of $53.05 and a 12-month high of $96.83. The stock's 50 day moving average price is $90.20 and its two-hundred day moving average price is $78.99. 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 posted 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 analysts' expectations of $446.33 million. Wheaton Precious Metals had a net margin of 42.45% and a return on equity of 10.32%. The firm's quarterly revenue was up 58.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. As a group, research analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were paid a dividend of $0.165 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.66 annualized dividend and a yield of 0.7%. Wheaton Precious Metals's payout ratio is presently 48.53%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Raymond James Financial raised their target price on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 15th. CIBC restated an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, July 15th. Scotiabank raised their target price on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a report on Monday, April 14th. Berenberg Bank raised their target price on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Finally, BMO Capital Markets started 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. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Wheaton Precious Metals currently has an average rating of "Buy" and an average target price of $93.00.

About Wheaton Precious Metals

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.