Horizon Kinetics Asset Management LLC Has $164.85 Million Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Horizon Kinetics Asset Management LLC increased its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 6.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,931,246 shares of the company’s stock after buying an additional 177,071 shares during the quarter. Wheaton Precious Metals comprises approximately 2.1% of Horizon Kinetics Asset Management LLC’s investment portfolio, making the stock its 4th biggest position. Horizon Kinetics Asset Management LLC’s holdings in Wheaton Precious Metals were worth $164,853,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Fielder Capital Group LLC increased its position in Wheaton Precious Metals by 0.7% during the 4th quarter. Fielder Capital Group LLC now owns 24,701 shares of the company’s stock worth $1,389,000 after purchasing an additional 176 shares in the last quarter. Signaturefd LLC increased its position in Wheaton Precious Metals by 1.5% in the 4th quarter. Signaturefd LLC now owns 11,877 shares of the company’s stock valued at $668,000 after acquiring an additional 178 shares during the period. Merit Financial Group LLC increased 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 acquiring an additional 179 shares during the period. Insigneo Advisory Services LLC increased its position in Wheaton Precious Metals by 2.2% in the 3rd quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock valued at $522,000 after acquiring an additional 187 shares during the period. Finally, Principal Financial Group Inc. increased its position in Wheaton Precious Metals by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock valued at $1,208,000 after acquiring an additional 196 shares during the period. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Up 1.5 %

WPM opened at $73.82 on Monday. The company has a market capitalization of $33.49 billion, a price-to-earnings ratio of 55.09, a PEG ratio of 1.91 and a beta of 0.77. The firm has a 50-day moving average price of $64.72 and a 200-day moving average price of $62.70. Wheaton Precious Metals Corp. has a twelve month low of $43.18 and a twelve month high of $74.93.

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

Wheaton Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be given a $0.165 dividend. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Tuesday, April 1st. Wheaton Precious Metals’s dividend payout ratio (DPR) is 46.27%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on WPM shares. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. UBS Group started coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They issued a “buy” rating and a $78.00 price target for the company. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $71.67.

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.