Cliftonlarsonallen Wealth Advisors LLC Has $669,000 Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Cliftonlarsonallen Wealth Advisors LLC cut its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,888 shares of the company’s stock after selling 797 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Wheaton Precious Metals were worth $669,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WPM. Insigneo Advisory Services LLC increased its position in Wheaton Precious Metals by 2.2% in the 3rd quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock valued at $522,000 after acquiring an additional 187 shares during the period. Principal Financial Group Inc. increased its holdings in Wheaton Precious Metals by 1.0% in the third quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock valued at $1,208,000 after purchasing an additional 196 shares during the period. Vontobel Holding Ltd. raised its position in Wheaton Precious Metals by 0.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company’s stock worth $2,110,000 after purchasing an additional 197 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in Wheaton Precious Metals by 1.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company’s stock worth $1,318,000 after buying an additional 210 shares during the period. Finally, Western Pacific Wealth Management LP grew its position in shares of Wheaton Precious Metals by 13.9% in the 3rd quarter. Western Pacific Wealth Management LP now owns 1,732 shares of the company’s stock valued at $106,000 after buying an additional 212 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Shares of NYSE WPM traded down $0.11 during trading on Wednesday, hitting $56.80. The stock had a trading volume of 120,736 shares, compared to its average volume of 1,378,479. The firm has a fifty day moving average of $59.89 and a two-hundred day moving average of $60.40. The company has a market capitalization of $25.77 billion, a PE ratio of 42.39, a PEG ratio of 1.67 and a beta of 0.76. Wheaton Precious Metals Corp. has a 12 month low of $38.57 and a 12 month high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business had revenue of $308.25 million during the quarter, compared to the consensus estimate of $324.57 million. During the same period in the prior year, the firm posted $0.27 EPS. On average, equities analysts expect that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on WPM shares. National Bank Financial upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Stifel Canada downgraded 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 objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Jefferies Financial Group upped their price target on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, UBS Group began coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective on the stock. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.67.

Wheaton Precious Metals 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.