White Oak Capital Partners Pte. Ltd. Buys New Shares in Wheaton Precious Metals Corp. (NYSE:WPM)

White Oak Capital Partners Pte. Ltd. bought a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,986 shares of the company's stock, valued at approximately $336,000. Wheaton Precious Metals makes up 0.2% of White Oak Capital Partners Pte. Ltd.'s portfolio, making the stock its 12th biggest position.

A number of other large investors also recently made changes to their positions in WPM. Versant Capital Management Inc purchased a new position in Wheaton Precious Metals during the fourth quarter valued at approximately $29,000. Promus Capital LLC acquired a new position in shares of Wheaton Precious Metals in the fourth quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Wheaton Precious Metals during the fourth quarter worth $38,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Wheaton Precious Metals during the fourth quarter worth $39,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in Wheaton Precious Metals during the fourth quarter valued at $39,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Wall Street Analyst Weigh In

WPM has been the subject of a number of recent research reports. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research note on Wednesday. Stifel Canada raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Scotiabank boosted their target price on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a research report on Monday, April 14th. UBS Group raised their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a report on Friday, April 11th. Finally, BMO Capital Markets began coverage on shares of Wheaton Precious Metals in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $83.40.

Wheaton Precious Metals Trading Down 0.7 %

Wheaton Precious Metals stock traded down $0.55 on Friday, reaching $81.62. 1,463,968 shares of the stock were exchanged, compared to its average volume of 1,647,615. The stock has a market cap of $37.03 billion, a PE ratio of 60.91, a PEG ratio of 1.91 and a beta of 0.74. The firm has a fifty day moving average price of $75.08 and a two-hundred day moving average price of $66.36. Wheaton Precious Metals Corp. has a twelve month low of $51.80 and a twelve month high of $87.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $0.36 EPS. Equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were paid a $0.165 dividend. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, April 1st. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 56.90%.

Wheaton Precious Metals 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.