Natixis Investment Managers International Sells 137,950 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Natixis Investment Managers International decreased its holdings in Wheaton Precious Metals Corp. (NYSE:WPMFree Report) by 16.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 681,940 shares of the company’s stock after selling 137,950 shares during the quarter. Wheaton Precious Metals accounts for approximately 2.4% of Natixis Investment Managers International’s investment portfolio, making the stock its 17th biggest holding. Natixis Investment Managers International’s holdings in Wheaton Precious Metals were worth $33,647,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. CVA Family Office LLC bought a new position in Wheaton Precious Metals in the 4th quarter valued at about $26,000. McGlone Suttner Wealth Management Inc. bought a new position in Wheaton Precious Metals in the 4th quarter valued at about $31,000. Principal Securities Inc. bought a new position in Wheaton Precious Metals in the 4th quarter valued at about $39,000. Fifth Third Bancorp lifted its position in Wheaton Precious Metals by 230.7% in the 4th quarter. Fifth Third Bancorp now owns 863 shares of the company’s stock valued at $43,000 after acquiring an additional 602 shares in the last quarter. Finally, Western Pacific Wealth Management LP lifted its position in Wheaton Precious Metals by 47.6% in the 4th quarter. Western Pacific Wealth Management LP now owns 1,113 shares of the company’s stock valued at $55,000 after acquiring an additional 359 shares in the last quarter. Institutional investors own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

WPM has been the topic of several recent analyst reports. Jefferies Financial Group lifted their target price on shares of Wheaton Precious Metals from $52.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. National Bank Financial cut shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 21st. CIBC lifted their target price on shares of Wheaton Precious Metals from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 22nd. TD Securities raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and lifted their target price for the stock from $51.00 to $53.00 in a research report on Monday, March 18th. Finally, Raymond James lowered their price target on shares of Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating on the stock in a report on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.33.

Get Our Latest Stock Analysis on Wheaton Precious Metals

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock traded down $3.00 during mid-day trading on Friday, reaching $52.59. The company’s stock had a trading volume of 2,449,319 shares, compared to its average volume of 1,558,605. Wheaton Precious Metals Corp. has a 12-month low of $38.37 and a 12-month high of $57.87. The company has a market capitalization of $23.84 billion, a P/E ratio of 40.45, a PEG ratio of 2.01 and a beta of 0.78. The firm’s fifty day moving average price is $53.63 and its two-hundred day moving average price is $48.86.

Wheaton Precious Metals (NYSE:WPMGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.07. The company had revenue of $296.80 million during the quarter, compared to analyst estimates of $278.95 million. Wheaton Precious Metals had a net margin of 53.74% and a return on equity of 8.53%. The firm’s quarterly revenue was up 38.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. On average, research analysts predict that Wheaton Precious Metals Corp. will post 1.28 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Wednesday, May 29th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 47.69%.

Wheaton Precious Metals Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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