PKO Investment Management Joint Stock Co Sells 18,500 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

PKO Investment Management Joint Stock Co decreased its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 8.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 188,891 shares of the company's stock after selling 18,500 shares during the quarter. Wheaton Precious Metals comprises approximately 1.7% of PKO Investment Management Joint Stock Co's portfolio, making the stock its 14th biggest position. PKO Investment Management Joint Stock Co's holdings in Wheaton Precious Metals were worth $14,701,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Wheaton Precious Metals by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 17,672,518 shares of the company's stock worth $994,733,000 after acquiring an additional 281,123 shares in the last quarter. FMR LLC boosted its position in shares of Wheaton Precious Metals by 5.9% in the 4th quarter. FMR LLC now owns 15,529,219 shares of the company's stock worth $873,995,000 after purchasing an additional 863,306 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Wheaton Precious Metals by 5.0% in the 4th quarter. Royal Bank of Canada now owns 9,424,930 shares of the company's stock worth $530,057,000 after buying an additional 447,702 shares during the last quarter. Norges Bank bought a new position in Wheaton Precious Metals during the 4th quarter valued at approximately $472,648,000. Finally, TD Asset Management Inc. boosted its holdings in Wheaton Precious Metals by 9.6% in the fourth quarter. TD Asset Management Inc. now owns 7,156,818 shares of the company's stock worth $402,627,000 after acquiring an additional 629,743 shares in the last quarter. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Stock Performance

Shares of NYSE WPM traded down $0.62 during midday trading on Tuesday, hitting $91.27. 1,250,704 shares of the company's stock traded hands, compared to its average volume of 1,693,260. Wheaton Precious Metals Corp. has a 1 year low of $51.96 and a 1 year high of $95.23. The stock has a market capitalization of $41.42 billion, a price-to-earnings ratio of 68.11, a price-to-earnings-growth ratio of 1.91 and a beta of 0.46. The firm has a fifty day moving average of $84.25 and a 200 day moving average of $71.91.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued 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. The firm had revenue of $470.41 million during 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 company's revenue for the quarter was up 58.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 EPS. On average, equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

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. This represents a $0.66 annualized dividend and a yield of 0.72%. The ex-dividend date was Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio is presently 48.53%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Scotiabank upped their target price 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. Wall Street Zen raised Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. UBS Group boosted their price target on Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Finally, Royal Bank of Canada increased their price objective on 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. 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 MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $86.90.

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.