Wheaton Precious Metals Corp. $WPM Shares Sold by Keybank National Association OH

Keybank National Association OH cut its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 5.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 240,151 shares of the company’s stock after selling 14,310 shares during the period. Keybank National Association OH’s holdings in Wheaton Precious Metals were worth $31,462,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. USS Investment Management Ltd raised its holdings in Wheaton Precious Metals by 2.1% in the 1st quarter. USS Investment Management Ltd now owns 95,486 shares of the company’s stock valued at $12,507,000 after buying an additional 1,953 shares during the period. Intrua Financial LLC boosted its stake in Wheaton Precious Metals by 11.4% during the first quarter. Intrua Financial LLC now owns 1,957 shares of the company’s stock worth $256,000 after buying an additional 200 shares during the period. Lansforsakringar Fondforvaltning AB publ boosted its stake in Wheaton Precious Metals by 0.7% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 103,358 shares of the company’s stock worth $13,524,000 after buying an additional 752 shares during the period. Pictet Asset Management Holding SA increased its position in shares of Wheaton Precious Metals by 20.7% during the first quarter. Pictet Asset Management Holding SA now owns 298,718 shares of the company’s stock valued at $39,054,000 after acquiring an additional 51,323 shares during the last quarter. Finally, Value Partners Investments Inc. raised its stake in shares of Wheaton Precious Metals by 5.6% in the 1st quarter. Value Partners Investments Inc. now owns 18,575 shares of the company’s stock valued at $2,433,000 after acquiring an additional 979 shares during the period. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WPM has been the topic of several recent analyst reports. TD Cowen upped their price objective 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. Scotiabank lifted their target price on shares of Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. TD Securities upped their price target on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. BMO Capital Markets began coverage on Wheaton Precious Metals in a research note on Thursday, April 9th. They set an “outperform” rating and a $240.00 price target on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wheaton Precious Metals in a research report on Monday. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Wheaton Precious Metals has an average rating of “Moderate Buy” and a consensus price target of $154.73.

Wheaton Precious Metals Price Performance

Shares of NYSE WPM opened at $115.58 on Friday. The company has a market cap of $52.49 billion, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of 2.18 and a beta of 0.55. The stock’s 50-day moving average is $125.32 and its two-hundred day moving average is $132.67. Wheaton Precious Metals Corp. has a 1-year low of $85.59 and a 1-year high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.04. The business had revenue of $901.47 million during the quarter, compared to analysts’ expectations of $868.35 million. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The business’s quarterly revenue was up 91.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. Equities research analysts anticipate that Wheaton Precious Metals Corp. will post 4.99 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were given a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio is currently 19.70%.

About Wheaton Precious Metals

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.