Mn Services Vermogensbeheer B.V. Sells 12,800 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Mn Services Vermogensbeheer B.V. decreased its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 7.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,830 shares of the company's stock after selling 12,800 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Wheaton Precious Metals were worth $12,711,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Fielder Capital Group LLC increased its holdings in shares of Wheaton Precious Metals by 0.7% in the 4th quarter. Fielder Capital Group LLC now owns 24,701 shares of the company's stock worth $1,389,000 after buying an additional 176 shares during the last quarter. Signaturefd LLC grew its position in Wheaton Precious Metals by 1.5% in the fourth quarter. Signaturefd LLC now owns 11,877 shares of the company's stock worth $668,000 after acquiring an additional 178 shares in the last quarter. Veracity Capital LLC increased its stake in Wheaton Precious Metals by 3.4% during the first quarter. Veracity Capital LLC now owns 7,326 shares of the company's stock worth $569,000 after acquiring an additional 244 shares during the last quarter. Merit Financial Group LLC raised its position in Wheaton Precious Metals by 5.2% during the first quarter. Merit Financial Group LLC now owns 5,069 shares of the company's stock valued at $394,000 after purchasing an additional 251 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its stake in shares of Wheaton Precious Metals by 4.4% in the 4th quarter. Orion Portfolio Solutions LLC now owns 6,120 shares of the company's stock valued at $344,000 after purchasing an additional 258 shares during the last quarter. 70.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WPM. CIBC boosted their target price on Wheaton Precious Metals from $95.00 to $105.00 and gave the company an "outperformer" rating in a research report on Friday, May 9th. Wall Street Zen raised Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 target price on the stock. National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a research note on Wednesday, April 23rd. Finally, Scotiabank raised their price target on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a research note on Monday, April 14th. One equities research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $86.90.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock opened at $91.68 on Monday. The stock has a 50 day moving average of $83.83 and a 200 day moving average of $71.71. The firm has a market capitalization of $41.61 billion, a price-to-earnings ratio of 68.42, a PEG ratio of 1.91 and a beta of 0.46. Wheaton Precious Metals Corp. has a fifty-two week low of $51.96 and a fifty-two week high of $95.23.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $470.41 million for the quarter, compared to the consensus estimate of $446.33 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business's revenue was up 58.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. Analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were issued 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 0.72%. Wheaton Precious Metals's dividend payout ratio (DPR) is 48.53%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.