Steward Partners Investment Advisory LLC Sells 222 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Steward Partners Investment Advisory LLC lowered its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,008 shares of the company’s stock after selling 222 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Wheaton Precious Metals were worth $675,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in WPM. FMR LLC boosted its holdings in Wheaton Precious Metals by 33.7% in the third quarter. FMR LLC now owns 14,665,913 shares of the company’s stock valued at $895,723,000 after acquiring an additional 3,692,594 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Wheaton Precious Metals by 6.4% in the fourth quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock valued at $1,154,843,000 after acquiring an additional 1,231,999 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Wheaton Precious Metals by 1,865.2% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,245,534 shares of the company’s stock valued at $76,061,000 after acquiring an additional 1,182,156 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Wheaton Precious Metals by 22.5% in the third quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock valued at $211,207,000 after acquiring an additional 634,843 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in Wheaton Precious Metals by 21.3% in the third quarter. National Bank of Canada FI now owns 2,923,402 shares of the company’s stock valued at $178,551,000 after acquiring an additional 513,890 shares in the last quarter. Institutional investors own 70.34% of the company’s stock.

Analysts Set New Price Targets

WPM has been the topic of several recent analyst reports. UBS Group initiated coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 price target on the stock. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $71.67.

Wheaton Precious Metals Stock Up 2.1 %

WPM stock opened at $71.16 on Wednesday. The business’s fifty day simple moving average is $63.80 and its two-hundred day simple moving average is $62.47. Wheaton Precious Metals Corp. has a twelve month low of $43.18 and a twelve month high of $72.00. The firm has a market cap of $32.28 billion, a price-to-earnings ratio of 53.10, a PEG ratio of 1.91 and a beta of 0.77.

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.