Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI lessened its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,526 shares of the company’s stock after selling 500 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Wheaton Precious Metals were worth $3,123,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its holdings in shares of Wheaton Precious Metals by 5.7% in the 4th quarter. Pacer Advisors Inc. now owns 4,027 shares of the company’s stock valued at $226,000 after purchasing an additional 216 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Wheaton Precious Metals in the 4th quarter valued at $791,000. Blue Trust Inc. raised its stake in shares of Wheaton Precious Metals by 5.4% in the 4th quarter. Blue Trust Inc. now owns 9,471 shares of the company’s stock valued at $578,000 after acquiring an additional 484 shares during the period. Kingswood Wealth Advisors LLC raised its stake in shares of Wheaton Precious Metals by 44.3% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 6,576 shares of the company’s stock valued at $370,000 after acquiring an additional 2,019 shares during the period. Finally, PFG Investments LLC raised its stake in shares of Wheaton Precious Metals by 1.8% in the 4th quarter. PFG Investments LLC now owns 22,343 shares of the company’s stock valued at $1,257,000 after acquiring an additional 393 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

WPM stock opened at $58.81 on Monday. Wheaton Precious Metals Corp. has a 52-week low of $38.57 and a 52-week high of $68.64. The company’s 50 day simple moving average is $59.46 and its 200-day simple moving average is $60.60. The firm has a market capitalization of $26.68 billion, a P/E ratio of 43.71, a P/E/G ratio of 1.29 and a beta of 0.76.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. The firm had revenue of $308.25 million for the quarter, compared to the consensus estimate of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same period in the previous year, the firm posted $0.27 earnings per share. Sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.45 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio is currently 46.27%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WPM. UBS Group began coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 target price on the stock. Jefferies Financial Group lifted their price target on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Raymond James lifted their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, TD Securities lifted their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently 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.