Wheaton Precious Metals Corp. (NYSE:WPM) Stake Lessened by Meixler Investment Management Ltd.

Meixler Investment Management Ltd. lessened its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 14.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,349 shares of the company’s stock after selling 1,517 shares during the period. Meixler Investment Management Ltd.’s holdings in Wheaton Precious Metals were worth $571,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ridgewood Investments LLC acquired a new stake in Wheaton Precious Metals during the 2nd quarter worth about $31,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Wheaton Precious Metals in the second quarter worth approximately $31,000. St. Johns Investment Management Company LLC acquired a new stake in shares of Wheaton Precious Metals during the third quarter worth approximately $48,000. Sunbelt Securities Inc. purchased a new position in Wheaton Precious Metals during the second quarter valued at approximately $47,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in Wheaton Precious Metals by 25.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,231 shares of the company’s stock valued at $65,000 after buying an additional 253 shares during the period. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WPM. Stifel Canada lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Raymond James boosted their target price on 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 Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. TD Securities lifted their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a report on Friday. Finally, Scotiabank increased their price objective on Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and an average target price of $70.88.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM opened at $64.82 on Monday. 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 cap of $29.40 billion, a P/E ratio of 48.37, a P/E/G ratio of 2.37 and a beta of 0.77. The stock’s 50-day moving average is $62.79 and its 200-day moving average is $58.66.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 21st will be issued a $0.155 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.62 annualized dividend and a yield of 0.96%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 46.27%.

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.