Cohen & Steers Inc. Purchases Shares of 98,372 Wheaton Precious Metals Corp. (NYSE:WPM)

Cohen & Steers Inc. acquired a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 98,372 shares of the company's stock, valued at approximately $5,532,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WPM. Barclays PLC raised its holdings in shares of Wheaton Precious Metals by 152.9% during the 4th quarter. Barclays PLC now owns 798,853 shares of the company's stock worth $44,928,000 after buying an additional 482,939 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Wheaton Precious Metals by 8.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 35,604 shares of the company's stock worth $2,002,000 after acquiring an additional 2,640 shares in the last quarter. Argent Trust Co lifted its holdings in shares of Wheaton Precious Metals by 5.8% in the fourth quarter. Argent Trust Co now owns 18,666 shares of the company's stock worth $1,050,000 after acquiring an additional 1,029 shares during the last quarter. Scotia Capital Inc. boosted its stake in shares of Wheaton Precious Metals by 9.4% in the 4th quarter. Scotia Capital Inc. now owns 148,519 shares of the company's stock valued at $8,257,000 after purchasing an additional 12,805 shares in the last quarter. Finally, CenterBook Partners LP increased its position in Wheaton Precious Metals by 118.3% during the 4th quarter. CenterBook Partners LP now owns 17,411 shares of the company's stock worth $979,000 after purchasing an additional 9,434 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WPM has been the topic of a number of research analyst reports. Scotiabank raised their target price on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research report on Monday. UBS Group boosted their price objective on Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Royal Bank of Canada increased their target price on Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a research report on Friday, April 4th. BMO Capital Markets started coverage on Wheaton Precious Metals in a report on Wednesday. They set an "outperform" rating and a $129.00 price target on the stock. Finally, Raymond James upped their price objective on Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Wheaton Precious Metals has an average rating of "Buy" and a consensus target price of $83.40.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM traded down $0.60 during trading on Friday, reaching $84.16. The stock had a trading volume of 1,745,316 shares, compared to its average volume of 1,643,428. Wheaton Precious Metals Corp. has a 52 week low of $50.91 and a 52 week high of $86.20. The firm's fifty day moving average is $73.28 and its 200 day moving average is $65.42. The stock has a market cap of $38.18 billion, a price-to-earnings ratio of 62.81, 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 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $380.52 million for the quarter, compared to the consensus estimate of $395.74 million. During the same period last year, the company posted $0.36 EPS. The business's revenue was up 21.4% compared to the same quarter last year. On average, research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were issued a $0.165 dividend. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Tuesday, April 1st. Wheaton Precious Metals's payout ratio is presently 56.90%.

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.