Sentry Investment Management LLC lowered its holdings in shares of Wheaton Precious Metals Corp (NYSE:WPM) by 11.7% during the first quarter, HoldingsChannel.com reports. The firm owned 141,108 shares of the company’s stock after selling 18,730 shares during the quarter. Sentry Investment Management LLC’s holdings in Wheaton Precious Metals were worth $3,361,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WPM. Legacy Bridge LLC acquired a new stake in shares of Wheaton Precious Metals during the first quarter worth about $54,000. Beutel Goodman & Co Ltd. acquired a new stake in shares of Wheaton Precious Metals during the first quarter worth about $62,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Wheaton Precious Metals during the first quarter worth about $110,000. Midas Management Corp acquired a new stake in shares of Wheaton Precious Metals during the fourth quarter worth about $117,000. Finally, Quadrant Capital Group LLC raised its position in shares of Wheaton Precious Metals by 2,358.3% during the fourth quarter. Quadrant Capital Group LLC now owns 7,252 shares of the company’s stock worth $138,000 after purchasing an additional 6,957 shares during the period. 56.35% of the stock is currently owned by institutional investors.

Shares of NYSE:WPM traded up $0.06 during mid-day trading on Monday, reaching $20.13. 257,881 shares of the stock were exchanged, compared to its average volume of 2,336,269. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.76 and a current ratio of 2.07. The company has a market cap of $8.98 billion, a PE ratio of 41.94, a PEG ratio of 7.30 and a beta of -0.05. Wheaton Precious Metals Corp has a one year low of $15.08 and a one year high of $25.24.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Friday, May 24th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, May 23rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.79%. Wheaton Precious Metals’s payout ratio is presently 75.00%.

A number of equities research analysts have recently commented on WPM shares. Raymond James set a $28.00 price target on Wheaton Precious Metals and gave the stock a “buy” rating in a research report on Thursday, March 21st. GMP Securities lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating and set a $26.00 price target on the stock. in a research report on Tuesday, April 23rd. Barclays lowered Wheaton Precious Metals from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, April 9th. Standpoint Research lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Finally, TD Securities raised their price target on Wheaton Precious Metals from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $31.14.

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About Wheaton Precious Metals

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.

Further Reading: Initial Public Offering (IPO)

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

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