Cerity Partners LLC Purchases 2,868 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Cerity Partners LLC boosted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 31.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,870 shares of the company’s stock after acquiring an additional 2,868 shares during the quarter. Cerity Partners LLC’s holdings in Wheaton Precious Metals were worth $586,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WPM. Massachusetts Financial Services Co. MA raised its position in Wheaton Precious Metals by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,585,266 shares of the company’s stock worth $307,583,000 after acquiring an additional 713,381 shares in the last quarter. First Eagle Investment Management LLC raised its position in Wheaton Precious Metals by 3.2% during the third quarter. First Eagle Investment Management LLC now owns 20,998,263 shares of the company’s stock worth $851,480,000 after acquiring an additional 644,746 shares in the last quarter. Mackenzie Financial Corp raised its position in Wheaton Precious Metals by 18.3% during the third quarter. Mackenzie Financial Corp now owns 3,411,151 shares of the company’s stock worth $133,849,000 after acquiring an additional 527,358 shares in the last quarter. JPMorgan Chase & Co. raised its position in Wheaton Precious Metals by 22.1% during the third quarter. JPMorgan Chase & Co. now owns 2,586,800 shares of the company’s stock worth $104,895,000 after acquiring an additional 468,782 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Wheaton Precious Metals by 4,659.7% in the fourth quarter. International Assets Investment Management LLC now owns 326,040 shares of the company’s stock valued at $16,087,000 after purchasing an additional 319,190 shares during the period. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Trading Up 0.1 %

WPM opened at $52.55 on Thursday. The company’s 50 day moving average is $46.17 and its 200-day moving average is $46.24. Wheaton Precious Metals Corp. has a 1-year low of $38.37 and a 1-year high of $54.30. The company has a market cap of $23.82 billion, a P/E ratio of 44.16, a PEG ratio of 6.90 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, March 14th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.76%. The company had revenue of $313.47 million for the quarter, compared to the consensus estimate of $284.29 million. On average, equities analysts forecast that Wheaton Precious Metals Corp. will post 1.27 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd were paid a $0.155 dividend. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, April 2nd. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 52.10%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on WPM shares. Jefferies Financial Group increased their price objective on shares of Wheaton Precious Metals from $52.00 to $61.00 and gave the company a “buy” rating in a research report on Monday. BMO Capital Markets dropped their price objective on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 21st. Raymond James dropped their price objective on shares of Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating on the stock in a research report on Thursday, February 22nd. National Bank Financial lowered shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 21st. Finally, CIBC increased their price objective on shares of Wheaton Precious Metals from $66.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $59.32.

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.