Generali Asset Management SPA SGR trimmed its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 318,297 shares of the company's stock after selling 8,371 shares during the period. Wheaton Precious Metals comprises approximately 0.8% of Generali Asset Management SPA SGR's investment portfolio, making the stock its 22nd biggest position. Generali Asset Management SPA SGR owned approximately 0.07% of Wheaton Precious Metals worth $40,402,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new stake in Wheaton Precious Metals during the third quarter worth approximately $26,000. Assetmark Inc. boosted its holdings in Wheaton Precious Metals by 144.4% during the fourth quarter. Assetmark Inc. now owns 220 shares of the company's stock worth $26,000 after buying an additional 130 shares in the last quarter. Root Financial Partners LLC bought a new stake in Wheaton Precious Metals during the third quarter worth approximately $29,000. Eagle Bay Advisors LLC bought a new stake in Wheaton Precious Metals during the fourth quarter worth approximately $32,000. Finally, Triumph Capital Management bought a new stake in Wheaton Precious Metals during the third quarter worth approximately $33,000. 70.34% of the stock is currently owned by institutional investors.
Key Wheaton Precious Metals News
Here are the key news stories impacting Wheaton Precious Metals this week:
Analysts Set New Price Targets
WPM has been the subject of a number of research reports. TD Cowen raised their target price on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, March 16th. TD Securities upped their price target on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, March 16th. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday, February 4th. Scotiabank upped their price target on shares of Wheaton Precious Metals from $175.00 to $178.00 and gave the company a "sector outperform" rating in a research report on Monday, March 16th. Finally, Zacks Research downgraded shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 5th. Thirteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $155.45.
View Our Latest Stock Analysis on WPM
Wheaton Precious Metals Stock Performance
Shares of NYSE:WPM opened at $131.21 on Friday. The company has a market cap of $59.58 billion, a PE ratio of 40.50, a price-to-earnings-growth ratio of 2.59 and a beta of 0.50. Wheaton Precious Metals Corp. has a 52 week low of $75.42 and a 52 week high of $165.76. The firm has a 50 day simple moving average of $138.97 and a 200 day simple moving average of $126.88.
Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.24 by $0.04. Wheaton Precious Metals had a net margin of 63.58% and a return on equity of 17.17%. The company's revenue was up 91.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 earnings per share. On average, equities analysts predict that Wheaton Precious Metals Corp. will post 4.88 earnings per share for the current year.
Wheaton Precious Metals Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.195 per share. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. Wheaton Precious Metals's dividend payout ratio (DPR) is 24.07%.
Wheaton Precious Metals Profile
(
Free Report)
Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.
The company's activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.
Featured Articles
Want to see what other hedge funds are holding WPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wheaton Precious Metals Corp. (NYSE:WPM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Wheaton Precious Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wheaton Precious Metals wasn't on the list.
While Wheaton Precious Metals currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.