Wheaton Precious Metals Corp (NYSE:WPM) Shares Sold by The Manufacturers Life Insurance Company

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The Manufacturers Life Insurance Company lessened its stake in shares of Wheaton Precious Metals Corp (NYSE:WPM) by 1.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,567,527 shares of the company’s stock after selling 24,202 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Wheaton Precious Metals were worth $37,338,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Usca Ria LLC boosted its stake in shares of Wheaton Precious Metals by 3.1% in the fourth quarter. Usca Ria LLC now owns 19,978 shares of the company’s stock valued at $390,000 after purchasing an additional 601 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of Wheaton Precious Metals by 6.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 12,809 shares of the company’s stock valued at $250,000 after purchasing an additional 809 shares during the period. Gluskin Sheff & Assoc Inc. boosted its stake in shares of Wheaton Precious Metals by 1.1% in the fourth quarter. Gluskin Sheff & Assoc Inc. now owns 95,820 shares of the company’s stock valued at $1,870,000 after purchasing an additional 1,010 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Wheaton Precious Metals by 5.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 22,221 shares of the company’s stock valued at $434,000 after purchasing an additional 1,170 shares during the period. Finally, State of Tennessee Treasury Department boosted its stake in shares of Wheaton Precious Metals by 0.4% in the fourth quarter. State of Tennessee Treasury Department now owns 349,706 shares of the company’s stock valued at $6,826,000 after purchasing an additional 1,467 shares during the period. 56.05% of the stock is owned by institutional investors.

Wheaton Precious Metals stock traded up $0.38 during trading on Wednesday, reaching $23.17. The stock had a trading volume of 42,357 shares, compared to its average volume of 2,317,497. Wheaton Precious Metals Corp has a 52-week low of $15.08 and a 52-week high of $25.24. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $10.30 billion, a P/E ratio of 48.18, a P/E/G ratio of 8.41 and a beta of -0.04.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. Wheaton Precious Metals had a net margin of 50.78% and a return on equity of 3.86%. The company had revenue of $225.05 million during the quarter, compared to the consensus estimate of $202.80 million. As a group, research analysts anticipate that Wheaton Precious Metals Corp will post 0.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Friday, May 24th were paid a $0.09 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $0.36 dividend on an annualized basis and a yield of 1.55%. Wheaton Precious Metals’s dividend payout ratio is currently 75.00%.

WPM has been the subject of several recent research reports. Deutsche Bank reissued a “buy” rating and issued a $26.00 price objective (up previously from $25.00) on shares of Wheaton Precious Metals in a research note on Wednesday, April 10th. GMP Securities lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating and set a $26.00 price objective for the company. in a research note on Tuesday, April 23rd. TheStreet raised shares of Wheaton Precious Metals from a “c+” rating to a “b-” rating in a research note on Thursday, February 21st. TD Securities raised their price objective on shares of Wheaton Precious Metals from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, March 26th. Finally, Barclays lowered shares of Wheaton Precious Metals from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Wheaton Precious Metals presently has an average rating of “Hold” and a consensus price target of $31.14.

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Wheaton Precious Metals Profile

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

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Want to see what other hedge funds are holding WPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wheaton Precious Metals Corp (NYSE:WPM).

Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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