Signaturefd LLC Increases Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Signaturefd LLC raised its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 8.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,485 shares of the company’s stock after purchasing an additional 923 shares during the period. Signaturefd LLC’s holdings in Wheaton Precious Metals were worth $616,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. First Eagle Investment Management LLC lifted its holdings in shares of Wheaton Precious Metals by 3.2% in the third quarter. First Eagle Investment Management LLC now owns 20,998,263 shares of the company’s stock valued at $851,480,000 after purchasing an additional 644,746 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Wheaton Precious Metals by 1.6% in the third quarter. Vanguard Group Inc. now owns 16,203,069 shares of the company’s stock valued at $657,034,000 after purchasing an additional 248,541 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Wheaton Precious Metals by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,585,266 shares of the company’s stock valued at $307,583,000 after purchasing an additional 713,381 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Wheaton Precious Metals by 2.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,862,846 shares of the company’s stock valued at $197,188,000 after purchasing an additional 110,802 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Wheaton Precious Metals by 4.4% in the third quarter. Deutsche Bank AG now owns 3,623,133 shares of the company’s stock valued at $146,918,000 after buying an additional 152,826 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at $52.48 on Wednesday. Wheaton Precious Metals Corp. has a one year low of $38.37 and a one year high of $54.30. The company has a 50 day moving average price of $45.98 and a 200 day moving average price of $46.15. The firm has a market capitalization of $23.79 billion, a price-to-earnings ratio of 44.10, a price-to-earnings-growth ratio of 6.90 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, March 14th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $284.29 million. As a group, equities analysts forecast that Wheaton Precious Metals Corp. will post 1.27 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, April 3rd were paid a dividend of $0.155 per share. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a yield of 1.18%. The ex-dividend date was Tuesday, April 2nd. Wheaton Precious Metals’s payout ratio is currently 52.10%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group boosted 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. Raymond James cut their price objective on shares of Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating for the company in a research report on Thursday, February 22nd. Scotiabank cut their price objective on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating for the company in a research report on Wednesday, February 28th. BMO Capital Markets cut their price objective on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, February 21st. Finally, 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. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Wheaton Precious Metals presently has an average rating of “Moderate Buy” and a consensus 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.