Capital International Sarl Has $1.91 Million Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Capital International Sarl boosted its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 34.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 33,991 shares of the company's stock after buying an additional 8,643 shares during the period. Capital International Sarl's holdings in Wheaton Precious Metals were worth $1,912,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. MML Investors Services LLC grew its holdings in Wheaton Precious Metals by 8.8% in the 3rd quarter. MML Investors Services LLC now owns 8,285 shares of the company's stock valued at $506,000 after buying an additional 669 shares in the last quarter. Barclays PLC increased its position in Wheaton Precious Metals by 9.9% during the third quarter. Barclays PLC now owns 315,914 shares of the company's stock worth $19,297,000 after acquiring an additional 28,485 shares during the period. Virtu Financial LLC acquired a new stake in Wheaton Precious Metals in the 3rd quarter worth about $284,000. Te Ahumairangi Investment Management Ltd boosted its holdings in Wheaton Precious Metals by 1.0% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 67,392 shares of the company's stock valued at $4,097,000 after purchasing an additional 668 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Wheaton Precious Metals during the 3rd quarter worth approximately $1,832,000. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock traded up $0.41 on Thursday, hitting $81.94. The stock had a trading volume of 760,433 shares, compared to its average volume of 1,843,880. The stock has a 50 day moving average of $74.53 and a 200 day moving average of $66.05. The firm has a market capitalization of $37.17 billion, a P/E ratio of 61.30, a PEG ratio of 1.91 and a beta of 0.74. Wheaton Precious Metals Corp. has a twelve month low of $51.42 and a twelve month high of $87.42.

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

Wheaton Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Tuesday, April 1st. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. Wheaton Precious Metals's payout ratio is 56.90%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WPM shares. Scotiabank boosted their price target on 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. Royal Bank of Canada increased their target price on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a "sector perform" rating in a report on Friday, April 4th. Stifel Canada raised Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. BMO Capital Markets started coverage on shares of Wheaton Precious Metals in a research note on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price objective on the stock. Finally, UBS Group raised their target price 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. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $83.40.

About Wheaton Precious Metals

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.