OneAscent Financial Services LLC Invests $396,000 in Wheaton Precious Metals Corp. (NYSE:WPM)

OneAscent Financial Services LLC bought a new stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,041 shares of the company's stock, valued at approximately $396,000.

A number of other large investors have also recently bought and sold shares of WPM. Versant Capital Management Inc purchased a new position in Wheaton Precious Metals in the 4th quarter valued at approximately $29,000. Promus Capital LLC purchased a new position in shares of Wheaton Precious Metals during the 4th quarter worth about $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Wheaton Precious Metals in the 4th quarter valued at $38,000. Laurel Wealth Advisors LLC purchased a new stake in Wheaton Precious Metals during the fourth quarter valued at about $39,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Price Performance

NYSE WPM traded up $3.74 on Wednesday, reaching $74.30. The stock had a trading volume of 2,878,994 shares, compared to its average volume of 1,644,509. The company has a market cap of $33.71 billion, a P/E ratio of 55.45, a price-to-earnings-growth ratio of 1.91 and a beta of 0.74. Wheaton Precious Metals Corp. has a 1-year low of $49.43 and a 1-year high of $80.43. The firm has a fifty day moving average of $71.27 and a two-hundred day moving average of $64.63.

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

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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 issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Tuesday, April 1st. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 56.90%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WPM. Royal Bank of Canada raised their target price on Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a research note on Friday, April 4th. Raymond James upped their target price on Wheaton Precious Metals from $75.00 to $88.00 and gave the company an "outperform" rating in a report on Friday, April 4th. 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. Finally, Scotiabank boosted their price target on Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a "sector outperform" rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $74.50.

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.