Wheaton Precious Metals Corp. (NYSE:WPM) Stock Holdings Lessened by Lbp Am Sa

LBP AM SA trimmed its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 23.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,730 shares of the company's stock after selling 5,834 shares during the period. LBP AM SA's holdings in Wheaton Precious Metals were worth $1,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Wheaton Precious Metals during the fourth quarter worth approximately $20,790,000. Sei Investments Co. lifted its stake in Wheaton Precious Metals by 25.7% during the fourth quarter. Sei Investments Co. now owns 40,769 shares of the company's stock worth $2,293,000 after purchasing an additional 8,331 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Wheaton Precious Metals by 37.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,109 shares of the company's stock worth $630,000 after buying an additional 2,208 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Wheaton Precious Metals by 5.8% in the first quarter. Sequoia Financial Advisors LLC now owns 5,392 shares of the company's stock valued at $419,000 after acquiring an additional 297 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC acquired a new position in Wheaton Precious Metals during the first quarter worth approximately $531,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Performance

Shares of WPM stock traded up $1.14 on Friday, hitting $91.03. The stock had a trading volume of 1,780,108 shares, compared to its average volume of 1,718,022. The firm has a market capitalization of $41.32 billion, a price-to-earnings ratio of 66.93, a P/E/G ratio of 2.64 and a beta of 0.46. Wheaton Precious Metals Corp. has a 52-week low of $53.05 and a 52-week high of $95.23. The stock's 50 day moving average is $87.39 and its 200-day moving average is $75.61.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly 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. Wheaton Precious Metals had a net margin of 42.45% and a return on equity of 10.32%. The company had revenue of $470.41 million for the quarter, compared to the consensus estimate of $446.33 million. During the same period last year, the firm posted $0.36 EPS. The company's revenue for the quarter was up 58.4% on a year-over-year basis. Equities analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 48.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on WPM shares. Wall Street Zen raised shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday, May 12th. UBS Group boosted their target price on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a report on Friday, April 11th. Royal Bank Of Canada boosted their target price on Wheaton Precious Metals from $80.00 to $90.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. Finally, Berenberg Bank boosted their price objective on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Wheaton Precious Metals currently has a consensus rating of "Buy" and an average price target of $93.00.

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.