Wheaton Precious Metals Corp. (NYSE:WPM) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 615,705 shares of the company's stock after buying an additional 29,147 shares during the period. American Century Companies Inc. owned approximately 0.14% of Wheaton Precious Metals worth $34,629,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WPM. Van ECK Associates Corp lifted its position in Wheaton Precious Metals by 6.4% during the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company's stock worth $1,154,843,000 after acquiring an additional 1,231,999 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Wheaton Precious Metals by 1,865.2% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,245,534 shares of the company's stock valued at $76,061,000 after purchasing an additional 1,182,156 shares during the period. National Bank of Canada FI boosted its stake in shares of Wheaton Precious Metals by 21.3% in the third quarter. National Bank of Canada FI now owns 2,923,402 shares of the company's stock valued at $178,551,000 after buying an additional 513,890 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of Wheaton Precious Metals by 5,754.4% during the 4th quarter. Proficio Capital Partners LLC now owns 485,914 shares of the company's stock worth $27,328,000 after purchasing an additional 477,614 shares during the period. Finally, Generali Asset Management SPA SGR acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at about $26,848,000. Institutional investors and hedge funds own 70.34% of the company's stock.

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Wheaton Precious Metals Price Performance

NYSE:WPM traded down $1.66 during trading hours on Tuesday, reaching $75.80. 845,186 shares of the company were exchanged, compared to its average volume of 1,645,963. The firm has a market cap of $34.39 billion, a price-to-earnings ratio of 56.64, a PEG ratio of 1.91 and a beta of 0.77. The stock has a 50 day simple moving average of $68.84 and a 200 day simple moving average of $63.92. Wheaton Precious Metals Corp. has a 52-week low of $47.02 and a 52-week high of $78.10.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly 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 firm had revenue of $380.52 million for the quarter, compared to analysts' expectations of $395.74 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. Wheaton Precious Metals's revenue was up 21.4% on a year-over-year basis. During the same period last year, the firm posted $0.36 EPS. On average, analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.165 per share. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Tuesday, April 1st. Wheaton Precious Metals's payout ratio is currently 56.90%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. 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. Scotiabank lifted their price objective on Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a "sector outperform" rating in a report on Monday, March 17th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $72.44.

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.