Douglas Lane & Associates LLC Boosts Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Douglas Lane & Associates LLC increased its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 515,605 shares of the company's stock after acquiring an additional 13,388 shares during the quarter. Douglas Lane & Associates LLC owned approximately 0.11% of Wheaton Precious Metals worth $28,998,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of WPM. FMR LLC boosted its position in shares of Wheaton Precious Metals by 33.7% during the 3rd quarter. FMR LLC now owns 14,665,913 shares of the company's stock worth $895,723,000 after purchasing an additional 3,692,594 shares in the last quarter. Canoe Financial LP bought a new position in Wheaton Precious Metals in the third quarter worth approximately $113,017,000. Barings LLC acquired a new stake in Wheaton Precious Metals in the second quarter valued at approximately $65,405,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Wheaton Precious Metals by 1,865.2% during 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 acquiring an additional 1,182,156 shares in the last quarter. Finally, King Luther Capital Management Corp raised its position in shares of Wheaton Precious Metals by 196.1% during the second quarter. King Luther Capital Management Corp now owns 1,013,847 shares of the company's stock worth $53,146,000 after purchasing an additional 671,432 shares during the period. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Up 1.8 %

WPM stock traded up $1.02 during midday trading on Wednesday, hitting $57.86. The company's stock had a trading volume of 1,640,552 shares, compared to its average volume of 1,463,548. The stock has a market cap of $26.25 billion, a price-to-earnings ratio of 43.18, a PEG ratio of 1.67 and a beta of 0.76. The stock's 50-day moving average price is $60.57 and its 200 day moving average price is $60.24. Wheaton Precious Metals Corp. has a 1 year low of $38.57 and a 1 year high of $68.64.

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

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were issued a $0.155 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.07%. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 46.27%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WPM. National Bank Financial raised shares of Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research report on Thursday, October 10th. TD Securities boosted their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Raymond James raised their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. UBS Group initiated coverage on Wheaton Precious Metals in a report on Monday, November 18th. They set a "buy" rating and a $78.00 price objective for the company. Finally, Jefferies Financial Group raised their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a "buy" rating in a report on Friday, October 4th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $71.67.

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.