Capital International Inc. CA Boosts Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Capital International Inc. CA lifted its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 28.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 98,535 shares of the company's stock after acquiring an additional 22,005 shares during the quarter. Capital International Inc. CA's holdings in Wheaton Precious Metals were worth $5,542,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Wheaton Precious Metals during the fourth quarter worth $472,648,000. Capital International Investors acquired a new position in Wheaton Precious Metals during the 4th quarter worth about $263,810,000. Arrowstreet Capital Limited Partnership purchased a new position in Wheaton Precious Metals during the 4th quarter valued at about $72,657,000. Van ECK Associates Corp grew its position in Wheaton Precious Metals by 6.4% in the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company's stock valued at $1,154,843,000 after acquiring an additional 1,231,999 shares in the last quarter. Finally, FMR LLC increased its stake in Wheaton Precious Metals by 5.9% during the fourth quarter. FMR LLC now owns 15,529,219 shares of the company's stock worth $873,995,000 after purchasing an additional 863,306 shares during the period. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Trading Down 0.8 %

Shares of Wheaton Precious Metals stock traded down $0.66 on Friday, hitting $81.51. The stock had a trading volume of 649,442 shares, compared to its average volume of 1,648,152. Wheaton Precious Metals Corp. has a 52-week low of $51.42 and a 52-week high of $87.42. The company's 50 day moving average price is $74.82 and its 200 day moving average price is $66.20. The stock has a market cap of $36.98 billion, a price-to-earnings ratio of 60.77, a P/E/G ratio of 1.91 and a beta of 0.74.

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

Wheaton Precious Metals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders 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. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Tuesday, April 1st. Wheaton Precious Metals's dividend payout ratio (DPR) is 56.90%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Scotiabank raised their price objective on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research note on Monday, April 14th. BMO Capital Markets assumed coverage on shares of Wheaton Precious Metals in a research report on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price target for the company. Stifel Canada raised Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. UBS Group increased their price objective on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Finally, Royal Bank of Canada boosted their target price on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a "sector perform" rating in a research note on Friday, April 4th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $83.40.

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.