Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,047,771 shares of the company's stock after selling 70,949 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.55% of Wheaton Precious Metals worth $547,118,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Proficio Capital Partners LLC raised its stake in Wheaton Precious Metals by 4.1% in the fourth quarter. Proficio Capital Partners LLC now owns 8,640 shares of the company's stock valued at $486,000 after buying an additional 340 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $20,790,000. Farther Finance Advisors LLC boosted its stake in Wheaton Precious Metals by 62.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,964 shares of the company's stock worth $167,000 after purchasing an additional 1,139 shares in the last quarter. Signaturefd LLC increased its stake in Wheaton Precious Metals by 1.5% during the 4th quarter. Signaturefd LLC now owns 11,877 shares of the company's stock valued at $668,000 after purchasing an additional 178 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC increased its stake in Wheaton Precious Metals by 6.4% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 2,931,246 shares of the company's stock valued at $164,853,000 after purchasing an additional 177,071 shares in the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WPM has been the subject of a number of research reports. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday, June 24th. Wall Street Zen raised shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday, May 12th. UBS Group increased their price objective 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. Royal Bank Of Canada lifted their price objective on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. Finally, BMO Capital Markets began coverage on Wheaton Precious Metals in a report on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price target for the company. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Wheaton Precious Metals currently has a consensus rating of "Buy" and a consensus target price of $93.00.

Wheaton Precious Metals Stock Down 0.8%

NYSE:WPM traded down $0.71 during trading hours on Tuesday, hitting $90.67. 1,714,453 shares of the stock traded hands, compared to its average volume of 1,725,323. The company has a market cap of $41.16 billion, a price-to-earnings ratio of 66.67, a price-to-earnings-growth ratio of 2.68 and a beta of 0.46. Wheaton Precious Metals Corp. has a 1 year low of $53.05 and a 1 year high of $95.23. The stock has a 50 day moving average price of $87.39 and a 200 day moving average price of $75.87.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its 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. Wheaton Precious Metals had a return on equity of 10.32% and a net margin of 42.45%. The firm had revenue of $470.41 million for the quarter, compared to the consensus estimate of $446.33 million. During the same period in the prior year, the firm earned $0.36 EPS. The firm's revenue was up 58.4% on a year-over-year basis. Equities analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio (DPR) is 48.53%.

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.