Cypress Wealth Services LLC Sells 333 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Cypress Wealth Services LLC trimmed its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 3.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,025 shares of the company’s stock after selling 333 shares during the period. Cypress Wealth Services LLC’s holdings in Wheaton Precious Metals were worth $564,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at about $39,000. Miracle Mile Advisors LLC acquired a new position in shares of Wheaton Precious Metals during the fourth quarter valued at about $773,000. Trust Co. of Toledo NA OH lifted its stake in shares of Wheaton Precious Metals by 20.2% in the fourth quarter. Trust Co. of Toledo NA OH now owns 27,425 shares of the company’s stock valued at $1,542,000 after buying an additional 4,600 shares during the period. Douglas Lane & Associates LLC grew its position in Wheaton Precious Metals by 2.7% during the fourth quarter. Douglas Lane & Associates LLC now owns 515,605 shares of the company’s stock worth $28,998,000 after buying an additional 13,388 shares in the last quarter. Finally, CWA Asset Management Group LLC increased its stake in Wheaton Precious Metals by 19.7% during the fourth quarter. CWA Asset Management Group LLC now owns 163,514 shares of the company’s stock valued at $9,196,000 after acquiring an additional 26,924 shares during the period. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on WPM shares. Raymond James upped 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. UBS Group began coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They issued a “buy” rating and a $78.00 price target for the company. Stifel Canada lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. 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. Finally, TD Securities boosted their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One equities 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, Wheaton Precious Metals currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.67.

Wheaton Precious Metals Trading Down 1.2 %

Shares of WPM stock opened at $57.47 on Friday. The firm’s 50 day moving average is $59.66 and its 200-day moving average is $60.36. Wheaton Precious Metals Corp. has a 1 year low of $38.57 and a 1 year high of $68.64. The firm has a market capitalization of $26.07 billion, a price-to-earnings ratio of 42.89, a PEG ratio of 1.28 and a beta of 0.76.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. The company had revenue of $308.25 million during the quarter, compared to the consensus estimate of $324.57 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. During the same quarter in the previous year, the company posted $0.27 earnings per share. On average, equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.45 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were paid a $0.155 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a yield of 1.08%. 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.