Dakota Wealth Management Trims Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Dakota Wealth Management trimmed its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,053 shares of the company’s stock after selling 416 shares during the quarter. Dakota Wealth Management’s holdings in Wheaton Precious Metals were worth $847,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. FMR LLC increased its position in shares of Wheaton Precious Metals by 33.7% during the third quarter. FMR LLC now owns 14,665,913 shares of the company’s stock valued at $895,723,000 after buying an additional 3,692,594 shares during the period. The Manufacturers Life Insurance Company grew its stake in Wheaton Precious Metals by 22.5% during the third quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock valued at $211,207,000 after acquiring an additional 634,843 shares in the last quarter. National Bank of Canada FI increased its holdings in Wheaton Precious Metals by 21.3% during the 3rd quarter. National Bank of Canada FI now owns 2,923,402 shares of the company’s stock worth $178,551,000 after acquiring an additional 513,890 shares during the period. CIBC Asset Management Inc lifted its stake in Wheaton Precious Metals by 10.6% in the 3rd quarter. CIBC Asset Management Inc now owns 2,273,160 shares of the company’s stock worth $140,099,000 after purchasing an additional 218,575 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Wheaton Precious Metals by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,002,629 shares of the company’s stock valued at $121,939,000 after purchasing an additional 111,769 shares during the period. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

WPM stock opened at $60.00 on Friday. The company has a market capitalization of $27.22 billion, a PE ratio of 44.77, a price-to-earnings-growth ratio of 1.29 and a beta of 0.76. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64. The company’s 50 day moving average price is $59.46 and its two-hundred day moving average price is $60.55.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Friday, November 8th. The company reported $0.34 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 company had revenue of $308.25 million for the quarter, compared to analysts’ expectations of $324.57 million. During the same quarter last year, the company earned $0.27 EPS. On average, research analysts predict that Wheaton Precious Metals Corp. will post 1.45 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently announced 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 yield of 1.03%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio is presently 46.27%.

Wall Street Analyst Weigh In

WPM has been the topic of several research analyst reports. National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Jefferies Financial Group lifted their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, October 4th. TD Securities upped their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Raymond James lifted their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, UBS Group initiated coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and an average price target of $71.67.

About Wheaton Precious Metals

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.