9,946 Shares in Wheaton Precious Metals Corp. $WPM Bought by United Capital Management of KS Inc.

United Capital Management of KS Inc. acquired a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 9,946 shares of the company’s stock, valued at approximately $1,169,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. grew its stake in Wheaton Precious Metals by 144.4% during the 4th quarter. Assetmark Inc. now owns 220 shares of the company’s stock worth $26,000 after buying an additional 130 shares during the last quarter. Harvest Fund Management Co. Ltd grew its stake in Wheaton Precious Metals by 100.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock worth $27,000 after buying an additional 117 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in Wheaton Precious Metals during the 4th quarter worth $28,000. Navalign LLC bought a new position in Wheaton Precious Metals during the 4th quarter worth $30,000. Finally, Eagle Bay Advisors LLC bought a new position in Wheaton Precious Metals during the 4th quarter worth $32,000. 70.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WPM has been the subject of a number of recent research reports. Scotiabank upped their price objective on Wheaton Precious Metals from $178.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. UBS Group upgraded Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Friday, March 27th. TD Securities upped their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a research note on Thursday, April 9th. They set an “outperform” rating and a $240.00 price objective for the company. Finally, Wall Street Zen downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Thirteen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and a consensus target price of $155.64.

Wheaton Precious Metals Stock Performance

NYSE:WPM opened at $116.09 on Friday. Wheaton Precious Metals Corp. has a 1 year low of $85.59 and a 1 year high of $165.76. The stock has a market cap of $52.72 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 2.13 and a beta of 0.51. The business has a fifty day moving average of $132.81 and a 200-day moving average of $131.73.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.04. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The company had revenue of $901.47 million during the quarter, compared to analysts’ expectations of $868.35 million. During the same quarter in the prior year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was up 91.7% compared to the same quarter last year. On average, equities research analysts predict that Wheaton Precious Metals Corp. will post 4.98 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were paid a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio is presently 19.70%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.