Cadinha & Co. LLC Has $1.26 Million Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Cadinha & Co. LLC lowered its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 92.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 22,435 shares of the company’s stock after selling 268,621 shares during the period. Cadinha & Co. LLC’s holdings in Wheaton Precious Metals were worth $1,262,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Merit Financial Group LLC increased its position in Wheaton Precious Metals by 3.9% during the 4th quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock worth $271,000 after buying an additional 179 shares during the period. Insigneo Advisory Services LLC increased its position in Wheaton Precious Metals by 2.2% during the third quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock worth $522,000 after acquiring an additional 187 shares during the period. Principal Financial Group Inc. raised its stake in Wheaton Precious Metals by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock worth $1,208,000 after purchasing an additional 196 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in Wheaton Precious Metals by 0.6% in the 3rd quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company’s stock valued at $2,110,000 after purchasing an additional 197 shares during the period. Finally, Arkadios Wealth Advisors grew its position in shares of Wheaton Precious Metals by 1.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company’s stock worth $1,318,000 after purchasing an additional 210 shares in the last quarter. 70.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on WPM shares. Jefferies Financial Group raised their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. 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 Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. UBS Group assumed 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. Finally, TD Securities increased their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.67.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $57.74 on Friday. The business has a 50 day moving average of $59.52 and a 200-day moving average of $60.46. Wheaton Precious Metals Corp. has a 1 year low of $38.57 and a 1 year high of $68.64. The company 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 (NYSE:WPM) last released its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The firm had revenue of $308.25 million during the quarter, compared to the consensus estimate of $324.57 million. During the same quarter last year, the firm earned $0.27 earnings per share. Equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.45 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently announced 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. 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 presently 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.