Blair William & Co. IL Decreases Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Key Points

• Blair William & Co. IL has reduced its holdings in Wheaton Precious Metals Corp. by 20.4%, now owning 106,142 shares worth approximately $8.24 million.
• Wheaton Precious Metals reported a higher-than-expected EPS of $0.55 for the last quarter, exceeding the consensus estimate of $0.50, with revenue increasing by 58.4% year-over-year.
• The company declared a quarterly dividend of $0.165 per share, equating to an annualized dividend of $0.66 and a yield of 0.7%.

Blair William & Co. IL cut its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 20.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,142 shares of the company's stock after selling 27,128 shares during the period. Blair William & Co. IL's holdings in Wheaton Precious Metals were worth $8,240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital International Investors acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at approximately $263,810,000. Mackenzie Financial Corp grew its holdings in Wheaton Precious Metals by 54.4% during the 4th quarter. Mackenzie Financial Corp now owns 3,223,154 shares of the company's stock valued at $181,227,000 after buying an additional 1,135,699 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Wheaton Precious Metals by 1,321.7% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,221,522 shares of the company's stock worth $68,720,000 after buying an additional 1,135,603 shares in the last quarter. FMR LLC lifted its position in shares of Wheaton Precious Metals by 5.9% in the fourth quarter. FMR LLC now owns 15,529,219 shares of the company's stock valued at $873,995,000 after acquiring an additional 863,306 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Wheaton Precious Metals by 33.1% during the fourth quarter. Geode Capital Management LLC now owns 2,664,542 shares of the company's stock valued at $151,134,000 after acquiring an additional 661,913 shares during the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Trading Up 0.9%

Shares of Wheaton Precious Metals stock traded up $0.85 during trading hours on Friday, reaching $100.64. The stock had a trading volume of 3,100,591 shares, compared to its average volume of 1,757,803. Wheaton Precious Metals Corp. has a 1 year low of $54.12 and a 1 year high of $103.81. The firm has a market capitalization of $45.69 billion, a price-to-earnings ratio of 58.17, a P/E/G ratio of 2.79 and a beta of 0.39. The firm has a 50 day simple moving average of $91.54 and a two-hundred day simple moving average of $80.63.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 12.12%. The company had revenue of $503.22 million during the quarter, compared to the consensus estimate of $424.23 million. During the same period in the previous year, the firm earned $0.33 earnings per share. Wheaton Precious Metals's revenue for the quarter was up 68.2% on a year-over-year basis. Sell-side analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, August 21st. Wheaton Precious Metals's payout ratio is currently 48.53%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. UBS Group boosted 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 report on Monday, May 12th. National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday, June 24th. CIBC reissued an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday, July 15th. Finally, Raymond James Financial boosted their price objective on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price 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.