Financial Management Professionals Inc. Sells 229 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Financial Management Professionals Inc. lessened its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 26.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 649 shares of the company’s stock after selling 229 shares during the period. Financial Management Professionals Inc.’s holdings in Wheaton Precious Metals were worth $36,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC raised its holdings in shares of Wheaton Precious Metals by 33.7% in the 3rd quarter. FMR LLC now owns 14,665,913 shares of the company’s stock valued at $895,723,000 after acquiring an additional 3,692,594 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Wheaton Precious Metals by 22.5% in 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 purchasing an additional 634,843 shares in the last quarter. National Bank of Canada FI lifted its position in Wheaton Precious Metals by 21.3% during the third quarter. National Bank of Canada FI now owns 2,923,402 shares of the company’s stock valued at $178,551,000 after purchasing an additional 513,890 shares during the last quarter. CIBC Asset Management Inc grew 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 buying an additional 218,575 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of 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 worth $121,939,000 after buying an additional 111,769 shares during the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Trading Up 0.4 %

Shares of WPM stock opened at $57.74 on Monday. The stock has a market capitalization of $26.19 billion, a P/E ratio of 43.09, a P/E/G ratio of 1.28 and a beta of 0.76. The firm’s 50 day moving average is $59.52 and its 200 day moving average is $60.50. 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 for the quarter, hitting the consensus estimate of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The firm had revenue of $308.25 million for the quarter, compared to analysts’ expectations of $324.57 million. During the same quarter in the prior year, the business earned $0.27 EPS. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 1.45 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were given a dividend of $0.155 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.07%. Wheaton Precious Metals’s payout ratio is currently 46.27%.

Wall Street Analyst Weigh In

WPM has been the subject of several research reports. Jefferies Financial Group upped their target price on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. TD Securities upped their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 8th. National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Raymond James upped their target price on 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, Stifel Canada downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus 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.