Horizon Kinetics Asset Management LLC lifted its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,931,246 shares of the company's stock after acquiring an additional 177,071 shares during the quarter. Wheaton Precious Metals makes up approximately 2.1% of Horizon Kinetics Asset Management LLC's portfolio, making the stock its 4th largest position. Horizon Kinetics Asset Management LLC owned about 0.65% of Wheaton Precious Metals worth $164,853,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Fielder Capital Group LLC lifted its holdings in Wheaton Precious Metals by 0.7% during the fourth quarter. Fielder Capital Group LLC now owns 24,701 shares of the company's stock worth $1,389,000 after acquiring an additional 176 shares during the period. Signaturefd LLC lifted its position in shares of Wheaton Precious Metals by 1.5% during the fourth quarter. Signaturefd LLC now owns 11,877 shares of the company's stock worth $668,000 after acquiring an additional 178 shares in the last quarter. Merit Financial Group LLC boosted its stake in Wheaton Precious Metals by 3.9% in the 4th quarter. Merit Financial Group LLC now owns 4,818 shares of the company's stock worth $271,000 after purchasing an additional 179 shares during the period. Insigneo Advisory Services LLC boosted its position in shares of Wheaton Precious Metals by 2.2% in the third quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company's stock valued at $522,000 after acquiring an additional 187 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Wheaton Precious Metals by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company's stock valued at $1,208,000 after purchasing an additional 196 shares during the period. Hedge funds and other institutional investors own 70.34% of the company's stock.
Wheaton Precious Metals Trading Down 0.7 %
Shares of WPM stock traded down $0.55 during trading hours on Friday, reaching $75.02. The company's stock had a trading volume of 3,159,125 shares, compared to its average volume of 1,582,198. Wheaton Precious Metals Corp. has a one year low of $44.57 and a one year high of $77.44. The stock has a market capitalization of $34.03 billion, a P/E ratio of 55.98, a P/E/G ratio of 1.91 and a beta of 0.76. The firm's fifty day simple moving average is $66.21 and its 200 day simple moving average is $63.07.
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 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 company had revenue of $380.52 million during the quarter, compared to the consensus estimate of $395.74 million. During the same quarter last year, the firm earned $0.36 EPS. The business's revenue was up 21.4% on a year-over-year basis. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a boost from Wheaton Precious Metals's previous quarterly dividend of $0.16. Wheaton Precious Metals's dividend payout ratio is 49.25%.
Analysts Set New Price Targets
WPM has been the subject of a number of research analyst reports. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Scotiabank upped their price target on shares of Wheaton Precious Metals from $78.00 to $79.00 and gave the company a "sector outperform" rating in a research report on Monday. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $72.44.
View Our Latest Analysis on WPM
About Wheaton Precious Metals
(
Free Report)
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.
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