Wheaton Precious Metals Corp. (NYSE:WPM) Stock Holdings Lowered by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co reduced its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 8.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 188,891 shares of the company's stock after selling 18,500 shares during the quarter. Wheaton Precious Metals accounts for approximately 1.7% of PKO Investment Management Joint Stock Co's holdings, making the stock its 14th largest holding. PKO Investment Management Joint Stock Co's holdings in Wheaton Precious Metals were worth $14,701,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Wheaton Precious Metals by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 17,672,518 shares of the company's stock worth $994,733,000 after buying an additional 281,123 shares in the last quarter. FMR LLC increased its position in shares of Wheaton Precious Metals by 5.9% during the fourth quarter. FMR LLC now owns 15,529,219 shares of the company's stock worth $873,995,000 after acquiring an additional 863,306 shares during the last quarter. Royal Bank of Canada increased its position in shares of Wheaton Precious Metals by 5.0% during the fourth quarter. Royal Bank of Canada now owns 9,424,930 shares of the company's stock worth $530,057,000 after acquiring an additional 447,702 shares during the last quarter. Norges Bank acquired a new position in shares of Wheaton Precious Metals in the fourth quarter worth about $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 valued at $402,627,000 after purchasing an additional 629,743 shares during the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WPM. Royal Bank Of Canada raised their price objective on Wheaton Precious Metals from $80.00 to $90.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. 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 report on Monday, April 14th. BMO Capital Markets began coverage on shares of Wheaton Precious Metals in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price target for the company. Wall Street Zen upgraded shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Raymond James Financial raised their price objective on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, April 15th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $86.90.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock traded down $1.78 during trading hours on Friday, reaching $89.29. The company's stock had a trading volume of 2,400,385 shares, compared to its average volume of 1,697,087. Wheaton Precious Metals Corp. has a one year low of $51.96 and a one year high of $95.23. The company's 50 day simple moving average is $85.19 and its 200 day simple moving average is $72.38. The stock has a market cap of $40.52 billion, a P/E ratio of 65.66, a price-to-earnings-growth ratio of 2.84 and a beta of 0.46.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping 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% on a year-over-year basis. During the same quarter last year, the company posted $0.36 earnings per share. On average, sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Wednesday, May 28th. 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.