Keybank National Association OH Reduces Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Keybank National Association OH lessened its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 15.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 317,860 shares of the company's stock after selling 59,868 shares during the quarter. Keybank National Association OH owned approximately 0.07% of Wheaton Precious Metals worth $24,675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WPM. IFP Advisors Inc increased its position in Wheaton Precious Metals by 172.5% during the 4th quarter. IFP Advisors Inc now owns 2,153 shares of the company's stock worth $121,000 after purchasing an additional 1,363 shares in the last quarter. Bank of New York Mellon Corp increased its position in Wheaton Precious Metals by 9.1% during the 4th quarter. Bank of New York Mellon Corp now owns 399,035 shares of the company's stock worth $22,442,000 after purchasing an additional 33,256 shares in the last quarter. US Bancorp DE increased its position in Wheaton Precious Metals by 35.0% during the 4th quarter. US Bancorp DE now owns 9,673 shares of the company's stock worth $544,000 after purchasing an additional 2,506 shares in the last quarter. Jones Financial Companies Lllp increased its position in Wheaton Precious Metals by 68.1% during the 4th quarter. Jones Financial Companies Lllp now owns 3,615 shares of the company's stock worth $203,000 after purchasing an additional 1,464 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Wheaton Precious Metals during the 4th quarter worth about $236,000. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have 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 price target 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 report on Tuesday, April 15th. CIBC raised their target price on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an "outperformer" rating in a research report on Friday, May 9th. National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday, June 24th. Finally, UBS Group raised their target price on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $92.75.

Wheaton Precious Metals Stock Up 0.4%

Shares of WPM stock opened at $89.73 on Thursday. The stock has a market cap of $40.73 billion, a price-to-earnings ratio of 65.98, a price-to-earnings-growth ratio of 2.72 and a beta of 0.46. Wheaton Precious Metals Corp. has a fifty-two week low of $53.05 and a fifty-two week high of $95.23. The firm's 50 day moving average price is $86.24 and its two-hundred day moving average price is $74.06.

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 for the quarter, beating analysts' consensus estimates 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%. Wheaton Precious Metals's 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. On average, equities analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

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

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