Capital Asset Advisory Services LLC Has $2.54 Million Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Capital Asset Advisory Services LLC cut its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 0.7% in the fourth quarter, HoldingsChannel reports. The fund owned 44,184 shares of the company’s stock after selling 300 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Wheaton Precious Metals were worth $2,542,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Merit Financial Group LLC raised its holdings in shares of Wheaton Precious Metals by 3.9% during the fourth quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock worth $271,000 after acquiring an additional 179 shares in the last quarter. Insigneo Advisory Services LLC raised its stake in shares of Wheaton Precious Metals by 2.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock worth $522,000 after purchasing an additional 187 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Wheaton Precious Metals by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock worth $1,208,000 after purchasing an additional 196 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Wheaton Precious Metals by 0.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company’s stock valued at $2,110,000 after buying an additional 197 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its stake in shares of Wheaton Precious Metals by 1.0% in the 3rd quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company’s stock valued at $1,318,000 after buying an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Up 1.8 %

WPM opened at $60.00 on Monday. The stock’s 50 day moving average price is $59.46 and its two-hundred day moving average price is $60.60. The firm has a market capitalization of $27.22 billion, a P/E 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 12-month low of $38.57 and a 12-month high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results 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 for the quarter, compared to analyst estimates of $324.57 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. As a group, analysts anticipate that Wheaton Precious Metals Corp. will post 1.45 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced 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. This represents a $0.62 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 46.27%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on WPM shares. 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 note on Friday, October 25th. 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. UBS Group began coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They set a “buy” rating and a $78.00 target price on the stock. Jefferies Financial Group boosted their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, Stifel Canada lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. One 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.com, the stock presently has an average rating of “Moderate Buy” and an average 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.