UniSuper Management Pty Ltd Trims Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

UniSuper Management Pty Ltd lowered its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 22.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,700 shares of the company’s stock after selling 2,500 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Wheaton Precious Metals were worth $489,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WPM. Versant Capital Management Inc purchased a new stake in Wheaton Precious Metals in the 4th quarter worth $29,000. Promus Capital LLC purchased a new position in Wheaton Precious Metals in the 4th quarter worth approximately $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Wheaton Precious Metals in the 4th quarter worth approximately $38,000. Laurel Wealth Advisors LLC purchased a new position in shares of Wheaton Precious Metals in the fourth quarter worth $39,000. Finally, Quintet Private Bank Europe S.A. bought a new position in shares of Wheaton Precious Metals during the fourth quarter worth $39,000. 70.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WPM has been the topic of several research analyst reports. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Scotiabank raised their price target on Wheaton Precious Metals from $78.00 to $79.00 and gave the company a “sector outperform” rating in a report on Monday, March 17th. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $72.44.

Wheaton Precious Metals Trading Up 1.0 %

Wheaton Precious Metals stock opened at $77.64 on Tuesday. The firm has a market capitalization of $35.22 billion, a PE ratio of 57.94, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a 12-month low of $47.02 and a 12-month high of $78.10. The firm has a 50-day moving average price of $68.84 and a 200-day moving average price of $63.92.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, March 13th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business had revenue of $380.52 million for the quarter, compared to the consensus estimate of $395.74 million. During the same period in the prior year, the company posted $0.36 EPS. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. As a group, sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be paid a $0.165 dividend. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 1st. This represents a $0.66 dividend on an annualized basis and a yield of 0.85%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 56.90%.

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.