Berkeley Capital Partners LLC Has $448,000 Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Berkeley Capital Partners LLC decreased its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 6.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,960 shares of the company’s stock after selling 561 shares during the quarter. Berkeley Capital Partners LLC’s holdings in Wheaton Precious Metals were worth $448,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in WPM. Versant Capital Management Inc acquired a new position in shares of Wheaton Precious Metals in the 4th quarter worth approximately $29,000. Promus Capital LLC acquired a new position in Wheaton Precious Metals in the fourth quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Wheaton Precious Metals during the fourth quarter worth $38,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at $39,000. Finally, Quintet Private Bank Europe S.A. bought a new position in shares of Wheaton Precious Metals in the fourth quarter valued at about $39,000. 70.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on WPM shares. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Scotiabank raised their price target on shares of Wheaton Precious Metals from $78.00 to $79.00 and gave the company a “sector outperform” rating in a report on Monday. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $72.44.

Wheaton Precious Metals Price Performance

WPM opened at $76.28 on Thursday. Wheaton Precious Metals Corp. has a fifty-two week low of $43.18 and a fifty-two week high of $77.93. The company has a market cap of $34.61 billion, a price-to-earnings ratio of 56.93, a price-to-earnings-growth ratio of 1.91 and a beta of 0.76. The firm has a 50 day simple moving average of $65.86 and a 200 day simple moving average of $62.99.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, March 13th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business had revenue of $380.52 million for the quarter, compared to the consensus estimate of $395.74 million. During the same quarter in the previous year, the firm posted $0.36 EPS. The business’s revenue was up 21.4% on a year-over-year basis. As a group, analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.165 per share. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Tuesday, April 1st. Wheaton Precious Metals’s payout ratio is presently 49.25%.

Wheaton Precious Metals Company Profile

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.