Fmr LLC Boosts Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

FMR LLC raised its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,529,219 shares of the company's stock after purchasing an additional 863,306 shares during the quarter. FMR LLC owned approximately 3.42% of Wheaton Precious Metals worth $873,995,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WPM. Raymond James Financial Inc. purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at approximately $20,790,000. Sei Investments Co. lifted its position in shares of Wheaton Precious Metals by 25.7% during the fourth quarter. Sei Investments Co. now owns 40,769 shares of the company's stock worth $2,293,000 after acquiring an additional 8,331 shares in the last quarter. CWA Asset Management Group LLC lifted its position in shares of Wheaton Precious Metals by 19.7% during the fourth quarter. CWA Asset Management Group LLC now owns 163,514 shares of the company's stock worth $9,196,000 after acquiring an additional 26,924 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Wheaton Precious Metals by 42.7% in the third quarter. Wellington Management Group LLP now owns 133,627 shares of the company's stock worth $8,170,000 after acquiring an additional 39,979 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Wheaton Precious Metals by 9.1% in the fourth quarter. Bank of New York Mellon Corp now owns 399,035 shares of the company's stock valued at $22,442,000 after purchasing an additional 33,256 shares in the last quarter. Institutional investors own 70.34% of the company's stock.

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Analyst Ratings Changes

WPM has been the topic of a number of recent research reports. Royal Bank of Canada increased their price objective 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. Raymond James increased their price target on shares of Wheaton Precious Metals from $75.00 to $88.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Scotiabank boosted their price objective on shares of Wheaton Precious Metals from $78.00 to $79.00 and gave the company a "sector outperform" rating in a research note on Monday, March 17th. Stifel Canada raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, UBS Group raised their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a report on Friday. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Wheaton Precious Metals currently has a consensus rating of "Buy" and an average price target of $75.60.

Wheaton Precious Metals Trading Up 5.4 %

Shares of Wheaton Precious Metals stock traded up $4.18 on Friday, hitting $82.08. 3,609,122 shares of the company traded hands, compared to its average volume of 1,650,179. Wheaton Precious Metals Corp. has a 12-month low of $49.71 and a 12-month high of $82.99. The company has a market cap of $37.24 billion, a P/E ratio of 61.25, a P/E/G ratio of 1.91 and a beta of 0.74. The firm's 50-day simple moving average is $71.92 and its 200 day simple moving average is $64.86.

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 (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01). The firm had revenue of $380.52 million for the quarter, compared to the consensus estimate of $395.74 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The company's revenue for the quarter was up 21.4% on a year-over-year basis. During the same period last year, the firm earned $0.36 EPS. Analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.165 per share. This is a boost 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 0.80%. The ex-dividend date was Tuesday, April 1st. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 56.90%.

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.