Leavell Investment Management Inc. Acquires 675 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Leavell Investment Management Inc. grew its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,516 shares of the company’s stock after acquiring an additional 675 shares during the period. Leavell Investment Management Inc.’s holdings in Wheaton Precious Metals were worth $3,347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CWM LLC grew its stake in Wheaton Precious Metals by 96.4% in the third quarter. CWM LLC now owns 5,970 shares of the company’s stock valued at $365,000 after purchasing an additional 2,930 shares in the last quarter. Ritholtz Wealth Management bought a new position in shares of Wheaton Precious Metals in the third quarter valued at $225,000. Creative Planning increased its holdings in Wheaton Precious Metals by 5.6% during the third quarter. Creative Planning now owns 44,000 shares of the company’s stock worth $2,688,000 after buying an additional 2,318 shares during the last quarter. Jamison Private Wealth Management Inc. raised its position in Wheaton Precious Metals by 80.9% during the third quarter. Jamison Private Wealth Management Inc. now owns 3,327 shares of the company’s stock worth $203,000 after acquiring an additional 1,488 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in Wheaton Precious Metals by 0.6% in the third quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company’s stock valued at $2,110,000 after acquiring an additional 197 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Up 2.3 %

Shares of NYSE WPM opened at $68.31 on Thursday. The firm has a market cap of $30.99 billion, a P/E ratio of 50.98, a price-to-earnings-growth ratio of 1.70 and a beta of 0.77. The business’s 50 day moving average is $59.97 and its 200-day moving average is $60.98. Wheaton Precious Metals Corp. has a 1-year low of $38.57 and a 1-year high of $68.64.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WPM shares. Raymond James boosted their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. UBS Group initiated 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. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, TD Securities lifted their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Wheaton Precious Metals has a consensus rating of “Buy” and a consensus price target 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.