D.A. Davidson & CO. Has $1.84 Million Position in Wheaton Precious Metals Corp. (NYSE:WPM)

D.A. Davidson & CO. lowered its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 4.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,195 shares of the company’s stock after selling 1,567 shares during the period. D.A. Davidson & CO.’s holdings in Wheaton Precious Metals were worth $1,844,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. FMR LLC boosted its stake in shares of Wheaton Precious Metals by 33.7% in 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 raised its holdings in Wheaton Precious Metals by 22.5% in the 3rd 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. Dynamic Technology Lab Private Ltd bought a new stake in shares of Wheaton Precious Metals during the 3rd quarter valued at $1,287,000. Pekin Hardy Strauss Inc. grew its holdings in shares of Wheaton Precious Metals by 6.6% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 14,496 shares of the company’s stock worth $885,000 after purchasing an additional 901 shares in the last quarter. Finally, Cerity Partners LLC increased its position in shares of Wheaton Precious Metals by 31.3% in the third quarter. Cerity Partners LLC now owns 17,290 shares of the company’s stock worth $1,056,000 after purchasing an additional 4,124 shares during the period. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM opened at $62.33 on Friday. Wheaton Precious Metals Corp. has a 52-week low of $38.57 and a 52-week high of $68.64. The company has a market capitalization of $28.28 billion, a PE ratio of 46.51, a price-to-earnings-growth ratio of 1.73 and a beta of 0.77. The company has a fifty day moving average of $62.99 and a 200-day moving average of $59.38.

Wheaton Precious Metals (NYSE:WPM) last issued 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 return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $308.25 million during the quarter, compared to analysts’ expectations of $324.57 million. During the same quarter in the prior year, the firm earned $0.27 EPS. On average, equities analysts forecast that Wheaton Precious Metals Corp. will post 1.44 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 21st will be given a dividend of $0.155 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.62 annualized dividend and a yield of 0.99%. Wheaton Precious Metals’s dividend payout ratio is presently 46.27%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Scotiabank upped their price objective on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. TD Securities increased their price target 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 boosted their price objective 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. National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Finally, UBS Group started coverage on Wheaton Precious Metals in a report on Monday, November 18th. They set a “buy” rating and a $78.00 price target for the company. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company 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.