Wheaton Precious Metals Corp. $WPM Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S trimmed its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 77.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 8,266 shares of the company’s stock after selling 28,993 shares during the quarter. C WorldWide Group Holding A S’s holdings in Wheaton Precious Metals were worth $928,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd lifted its position in Wheaton Precious Metals by 100.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock valued at $27,000 after purchasing an additional 117 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at approximately $28,000. Cornerstone Planning Group LLC raised its holdings in shares of Wheaton Precious Metals by 245.5% during the first quarter. Cornerstone Planning Group LLC now owns 228 shares of the company’s stock valued at $29,000 after buying an additional 162 shares during the last quarter. Navalign LLC acquired a new position in shares of Wheaton Precious Metals during the fourth quarter worth approximately $30,000. Finally, Hollencrest Capital Management increased its position in Wheaton Precious Metals by 73.5% in the 1st quarter. Hollencrest Capital Management now owns 236 shares of the company’s stock valued at $31,000 after acquiring an additional 100 shares during the period. Institutional investors own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

WPM has been the subject of a number of analyst reports. Scotiabank reduced their price target on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. Bank of America reduced their price objective on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Weiss Ratings cut shares of Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Berenberg Bank set a $157.00 price target on shares of Wheaton Precious Metals in a research note on Tuesday, July 28th. Finally, Wall Street Zen lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $165.55.

Wheaton Precious Metals Stock Up 0.0%

NYSE WPM opened at $154.99 on Wednesday. Wheaton Precious Metals Corp. has a 12 month low of $92.57 and a 12 month high of $165.76. The company has a market capitalization of $70.39 billion, a P/E ratio of 34.37, a PEG ratio of 2.74 and a beta of 0.60. The company’s 50 day simple moving average is $127.92 and its 200 day simple moving average is $131.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.47 and a quick ratio of 0.47.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. The firm had revenue of $878.00 million for the quarter, compared to analyst estimates of $879.29 million. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The firm’s quarterly revenue was up 84.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 earnings per share. Equities research analysts expect that Wheaton Precious Metals Corp. will post 4.79 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a dividend of $0.195 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.78 annualized dividend and a dividend yield of 0.5%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 17.29%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. (NYSE:WPM) is a precious metals streaming company headquartered in Vancouver, British Columbia. Rather than operating mines directly, the company provides upfront financing to mining companies in exchange for the right to purchase a portion of the future production from specific mining projects at predetermined prices.

Wheaton’s streaming portfolio is primarily focused on gold and silver, with additional exposure to palladium and cobalt through certain agreements.