Cliftonlarsonallen Wealth Advisors LLC Reduces Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Cliftonlarsonallen Wealth Advisors LLC reduced its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 6.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,888 shares of the company’s stock after selling 797 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Wheaton Precious Metals were worth $669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in Wheaton Precious Metals during the 4th quarter worth about $29,000. Abich Financial Wealth Management LLC bought a new stake in shares of Wheaton Precious Metals during the second quarter valued at about $31,000. Laurel Wealth Advisors LLC purchased a new position in shares of Wheaton Precious Metals during the 4th quarter valued at $39,000. GAMMA Investing LLC bought a new position in shares of Wheaton Precious Metals in the fourth quarter worth $41,000. Finally, Sunbelt Securities Inc. bought a new stake in Wheaton Precious Metals during the second quarter valued at $47,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

NYSE:WPM traded down $0.11 during trading hours on Wednesday, reaching $56.80. The company’s stock had a trading volume of 120,736 shares, compared to its average volume of 1,378,479. The firm has a 50-day simple moving average of $59.89 and a 200-day simple moving average of $60.40. Wheaton Precious Metals Corp. has a 1 year low of $38.57 and a 1 year high of $68.64. The firm has a market capitalization of $25.77 billion, a price-to-earnings ratio of 42.39, a PEG ratio of 1.67 and a beta of 0.76.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. The company had revenue of $308.25 million during the quarter, compared to analyst estimates of $324.57 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. During the same quarter in the previous year, the company posted $0.27 EPS. Equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were given a dividend of $0.155 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a yield of 1.09%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 46.27%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WPM. UBS Group started coverage on Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 price target on the stock. Stifel Canada lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Raymond James increased their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Jefferies Financial Group lifted their price objective on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Moderate Buy” and an average price target of $71.67.

Wheaton Precious Metals Company Profile

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.