Union Bancaire Privee UBP SA Sells 9,554 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Union Bancaire Privee UBP SA lowered its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 64.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,190 shares of the company's stock after selling 9,554 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Wheaton Precious Metals were worth $370,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Stephens Inc. AR raised its position in shares of Wheaton Precious Metals by 4.0% during the fourth quarter. Stephens Inc. AR now owns 11,835 shares of the company's stock worth $666,000 after acquiring an additional 454 shares during the last quarter. Savant Capital LLC boosted its stake in shares of Wheaton Precious Metals by 18.3% in the 4th quarter. Savant Capital LLC now owns 10,548 shares of the company's stock valued at $593,000 after purchasing an additional 1,628 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Wheaton Precious Metals by 2.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 319,450 shares of the company's stock worth $17,965,000 after buying an additional 8,450 shares during the period. Nations Financial Group Inc. IA ADV acquired a new stake in Wheaton Precious Metals during the 4th quarter worth $202,000. Finally, Allworth Financial LP raised its position in shares of Wheaton Precious Metals by 411.9% during the 4th quarter. Allworth Financial LP now owns 5,554 shares of the company's stock valued at $328,000 after acquiring an additional 4,469 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on WPM. Raymond James increased their target price on Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, April 15th. UBS Group boosted their price objective on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a report on Friday, April 11th. CIBC increased their target price on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an "outperformer" rating in a report on Friday, May 9th. Scotiabank lifted 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. Finally, BMO Capital Markets assumed coverage on shares of Wheaton Precious Metals in a research report on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price objective for the company. 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 data from MarketBeat, Wheaton Precious Metals currently has a consensus rating of "Buy" and an average target price of $86.90.

Wheaton Precious Metals Price Performance

Shares of WPM traded up $1.27 during midday trading on Friday, hitting $91.68. The stock had a trading volume of 1,955,173 shares, compared to its average volume of 1,692,106. The firm has a market cap of $41.61 billion, a price-to-earnings ratio of 68.42, a price-to-earnings-growth ratio of 1.91 and a beta of 0.46. The company has a 50 day simple moving average of $83.83 and a two-hundred day simple moving average of $71.57. Wheaton Precious Metals Corp. has a twelve month low of $51.96 and a twelve month high of $95.23.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $470.41 million during the quarter, compared to the consensus estimate of $446.33 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. Wheaton Precious Metals's quarterly revenue was up 58.4% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share. 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 disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were issued a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.72%. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 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.