Wellington Management Group LLP Sells 45,469 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Wellington Management Group LLP lowered its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 34.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 88,158 shares of the company's stock after selling 45,469 shares during the quarter. Wellington Management Group LLP's holdings in Wheaton Precious Metals were worth $4,960,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in WPM. Promus Capital LLC bought a new position in Wheaton Precious Metals during the fourth quarter valued at about $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Wheaton Precious Metals in the fourth quarter worth $38,000. Quintet Private Bank Europe S.A. bought a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $39,000. Headlands Technologies LLC increased its holdings in Wheaton Precious Metals by 494.9% during the 4th quarter. Headlands Technologies LLC now owns 696 shares of the company's stock worth $39,000 after acquiring an additional 579 shares during the period. Finally, Flagship Wealth Advisors LLC bought a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $41,000. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Stock Down 3.1%

Shares of Wheaton Precious Metals stock traded down $2.88 on Friday, hitting $88.71. The stock had a trading volume of 2,541,288 shares, compared to its average volume of 1,682,555. Wheaton Precious Metals Corp. has a one year low of $51.96 and a one year high of $95.23. The stock has a market cap of $40.26 billion, a price-to-earnings ratio of 66.20, a PEG ratio of 1.91 and a beta of 0.46. The stock's 50-day simple moving average is $82.23 and its two-hundred day simple moving average is $70.64.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The company had revenue of $470.41 million during the quarter, compared to analyst estimates of $446.33 million. During the same quarter last year, the firm posted $0.36 earnings per share. The firm's revenue was up 58.4% on a year-over-year basis. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 28th. Wheaton Precious Metals's payout ratio is 48.53%.

Analyst Ratings Changes

WPM has been the topic of a number of analyst reports. Royal Bank of Canada upped their target price on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a report on Wednesday. UBS Group raised their target price on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Wall Street Zen raised shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Raymond James raised their target price on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, April 15th. Finally, Scotiabank raised their target price on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research note on Monday, April 14th. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Wheaton Precious Metals currently has a consensus rating of "Buy" and a consensus price target of $86.90.

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.