Financial Management Professionals Inc. Sells 229 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Financial Management Professionals Inc. cut its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 26.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 649 shares of the company’s stock after selling 229 shares during the quarter. Financial Management Professionals Inc.’s holdings in Wheaton Precious Metals were worth $36,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameritas Advisory Services LLC raised its holdings in shares of Wheaton Precious Metals by 10.6% during the 4th quarter. Ameritas Advisory Services LLC now owns 9,343 shares of the company’s stock worth $525,000 after buying an additional 897 shares in the last quarter. Merit Financial Group LLC grew its position in Wheaton Precious Metals by 3.9% in the fourth quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock valued at $271,000 after acquiring an additional 179 shares during the last quarter. Avanza Fonder AB acquired a new position in Wheaton Precious Metals during the fourth quarter worth about $2,455,000. Decker Retirement Planning Inc. bought a new position in shares of Wheaton Precious Metals in the fourth quarter worth about $282,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $39,000. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Up 0.4 %

NYSE:WPM opened at $57.74 on Monday. The firm has a market capitalization of $26.19 billion, a P/E ratio of 43.09, a P/E/G ratio of 1.28 and a beta of 0.76. Wheaton Precious Metals Corp. has a twelve month low of $38.57 and a twelve month high of $68.64. The company has a fifty day moving average of $59.52 and a 200-day moving average of $60.50.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The firm had revenue of $308.25 million for the quarter, compared to analyst estimates of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same quarter in the prior year, the business earned $0.27 earnings per share. On average, analysts anticipate that Wheaton Precious Metals Corp. will post 1.45 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on WPM shares. Jefferies Financial Group increased their price objective on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, October 4th. TD Securities raised their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 8th. Raymond James upped their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. UBS Group began coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They set a “buy” rating and a $78.00 price target on the stock. Finally, Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.67.

About Wheaton Precious Metals

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.