TruWealth Advisors LLC Trims Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

TruWealth Advisors LLC lessened its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 19.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,078 shares of the company’s stock after selling 1,221 shares during the period. TruWealth Advisors LLC’s holdings in Wheaton Precious Metals were worth $286,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Versant Capital Management Inc acquired a new position in Wheaton Precious Metals during the 4th quarter worth $29,000. Abich Financial Wealth Management LLC acquired a new position in Wheaton Precious Metals in the second quarter worth about $31,000. Laurel Wealth Advisors LLC bought a new stake in Wheaton Precious Metals in the fourth quarter valued at about $39,000. GAMMA Investing LLC acquired a new stake in Wheaton Precious Metals during the fourth quarter valued at approximately $41,000. Finally, Sunbelt Securities Inc. bought a new position in Wheaton Precious Metals during the 2nd quarter worth approximately $47,000. Institutional investors own 70.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on WPM. UBS Group assumed coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They set a “buy” rating and a $78.00 price target on the stock. Raymond James increased their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. National Bank Financial upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Stifel Canada downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group raised their target price on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, October 4th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $71.67.

Wheaton Precious Metals Trading Up 0.4 %

Shares of NYSE:WPM opened at $57.74 on Friday. The firm’s 50 day moving average is $59.52 and its two-hundred day moving average is $60.46. The firm has a market capitalization of $26.19 billion, a P/E ratio of 43.09, a PEG ratio of 1.28 and a beta of 0.76. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, meeting 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 firm had revenue of $308.25 million for the quarter, compared to analysts’ expectations of $324.57 million. During the same period last year, the firm earned $0.27 EPS. Analysts predict that Wheaton Precious Metals Corp. will post 1.45 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 1.07%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals’s payout ratio is currently 46.27%.

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.