Wheaton Precious Metals Corp. $WPM Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lowered its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 73.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,447 shares of the company’s stock after selling 42,352 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Wheaton Precious Metals were worth $1,815,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WPM. Assetmark Inc. boosted its holdings in Wheaton Precious Metals by 144.4% in the fourth quarter. Assetmark Inc. now owns 220 shares of the company’s stock valued at $26,000 after purchasing an additional 130 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Wheaton Precious Metals by 100.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock valued at $27,000 after buying an additional 117 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Wheaton Precious Metals during the 4th quarter valued at about $28,000. Navalign LLC acquired a new position in shares of Wheaton Precious Metals in the 4th quarter valued at about $30,000. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Wheaton Precious Metals in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Up 1.2%

NYSE:WPM opened at $112.21 on Wednesday. Wheaton Precious Metals Corp. has a 52 week low of $85.59 and a 52 week high of $165.76. The stock has a market capitalization of $50.96 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 2.09 and a beta of 0.51. The stock’s 50-day moving average price is $127.17 and its 200-day moving average price is $132.84.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.04. The firm had revenue of $901.47 million during the quarter, compared to analyst estimates of $868.35 million. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.Wheaton Precious Metals’s revenue for the quarter was up 91.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 EPS. Sell-side analysts expect that Wheaton Precious Metals Corp. will post 4.99 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 19.70%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WPM shares. Scotiabank upped their target price on Wheaton Precious Metals from $178.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Zacks Research downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. UBS Group lowered their price objective on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday. TD Securities raised their price objective on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Finally, TD Cowen raised their price objective on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $154.73.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.