Koshinski Asset Management Inc. Sells 1,068 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Koshinski Asset Management Inc. trimmed its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 7.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 13,675 shares of the company’s stock after selling 1,068 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Wheaton Precious Metals were worth $769,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Ameritas Advisory Services LLC boosted its position in Wheaton Precious Metals by 10.6% in the 4th quarter. Ameritas Advisory Services LLC now owns 9,343 shares of the company’s stock valued at $525,000 after buying an additional 897 shares during the last quarter. Merit Financial Group LLC boosted its position in Wheaton Precious Metals by 3.9% in the 4th quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock valued at $271,000 after buying an additional 179 shares during the last quarter. Avanza Fonder AB bought a new position in shares of Wheaton Precious Metals in the 4th quarter worth $2,455,000. Decker Retirement Planning Inc. bought a new position in shares of Wheaton Precious Metals in the 4th quarter worth $282,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of Wheaton Precious Metals in the 4th quarter worth $39,000. 70.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on WPM shares. Raymond James raised their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Stifel Canada lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. TD Securities raised their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. UBS Group initiated coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They issued a “buy” rating and a $78.00 price target on the stock. Finally, National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $71.67.

Wheaton Precious Metals Price Performance

WPM opened at $58.97 on Thursday. The business’s 50-day moving average price is $59.45 and its two-hundred day moving average price is $60.54. 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 $26.75 billion, a price-to-earnings ratio of 44.01, a P/E/G ratio of 1.26 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 return on equity of 8.85% and a net margin of 50.05%. The firm had revenue of $308.25 million for the quarter, compared to the consensus estimate of $324.57 million. During the same quarter last year, the business posted $0.27 EPS. Sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.45 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals’s payout ratio is 46.27%.

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.