CWA Asset Management Group LLC Has $9.20 Million Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

CWA Asset Management Group LLC increased its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 19.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 163,514 shares of the company’s stock after buying an additional 26,924 shares during the period. CWA Asset Management Group LLC’s holdings in Wheaton Precious Metals were worth $9,196,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WPM. Charles Schwab Investment Management Inc. lifted its stake in shares of Wheaton Precious Metals by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,540 shares of the company’s stock valued at $58,422,000 after purchasing an additional 36,970 shares during the period. Well Done LLC increased its stake in Wheaton Precious Metals by 173.9% in the third quarter. Well Done LLC now owns 38,108 shares of the company’s stock valued at $2,328,000 after acquiring an additional 24,196 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new position in Wheaton Precious Metals in the 2nd quarter worth $1,016,000. Swiss National Bank boosted its holdings in shares of Wheaton Precious Metals by 0.8% during the third quarter. Swiss National Bank now owns 1,370,800 shares of the company’s stock worth $83,854,000 after purchasing an additional 10,600 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Wheaton Precious Metals during the third quarter valued at $1,287,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Trading Down 1.3 %

NYSE:WPM traded down $0.72 on Monday, hitting $56.82. 219,173 shares of the company’s stock traded hands, compared to its average volume of 1,165,045. The firm has a 50-day moving average price of $61.18 and a 200-day moving average price of $60.21. Wheaton Precious Metals Corp. has a 1 year low of $38.57 and a 1 year high of $68.64. The company has a market cap of $25.78 billion, a PE ratio of 42.40, a price-to-earnings-growth ratio of 1.67 and a beta of 0.76.

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

Wheaton Precious Metals Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently commented on WPM shares. Jefferies Financial Group upped their price objective on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Raymond James upped their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. UBS Group initiated coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective for the company. Finally, TD Securities raised their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.67.

Wheaton Precious Metals Company 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.