Wheaton Precious Metals Corp. (NYSE:WPM) Stock Holdings Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 4.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 955,540 shares of the company's stock after buying an additional 36,970 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.21% of Wheaton Precious Metals worth $58,422,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of WPM. Well Done LLC grew its stake in shares of Wheaton Precious Metals by 173.9% during the third quarter. Well Done LLC now owns 38,108 shares of the company's stock valued at $2,328,000 after acquiring an additional 24,196 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in Wheaton Precious Metals during the 2nd quarter worth approximately $1,016,000. Swiss National Bank raised its position in shares of Wheaton Precious Metals by 0.8% in the 3rd quarter. Swiss National Bank now owns 1,370,800 shares of the company's stock valued at $83,854,000 after purchasing an additional 10,600 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Wheaton Precious Metals by 10.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,273,160 shares of the company's stock valued at $140,099,000 after buying an additional 218,575 shares during the last quarter. Finally, King Luther Capital Management Corp grew its position in shares of Wheaton Precious Metals by 48.1% during the third quarter. King Luther Capital Management Corp now owns 1,501,037 shares of the company's stock worth $91,683,000 after buying an additional 487,190 shares in the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on WPM shares. UBS Group assumed coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They issued a "buy" rating and a $78.00 price target on the stock. Scotiabank increased their price target on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 19th. Stifel Canada lowered Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. TD Securities increased their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Finally, National Bank Financial upgraded Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $71.67.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock traded up $0.59 during trading on Friday, hitting $62.33. 356,729 shares of the stock were exchanged, compared to its average volume of 1,785,437. The stock has a market cap of $28.28 billion, a PE ratio of 46.51, a P/E/G ratio of 1.73 and a beta of 0.77. The stock's fifty day moving average is $62.99 and its 200 day moving average is $59.38. Wheaton Precious Metals Corp. has a 12 month low of $38.57 and a 12 month high of $68.64.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, meeting analysts' consensus estimates of $0.34. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The company had revenue of $308.25 million for the quarter, compared to analysts' expectations of $324.57 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. Sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio (DPR) is 46.27%.

Wheaton Precious Metals Company 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.