231,785 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Purchased by Intellus Advisors LLC

Intellus Advisors LLC bought a new stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 231,785 shares of the company's stock, valued at approximately $13,036,000. Wheaton Precious Metals comprises approximately 2.3% of Intellus Advisors LLC's investment portfolio, making the stock its 15th largest position. Intellus Advisors LLC owned about 0.05% of Wheaton Precious Metals at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in Wheaton Precious Metals by 1.0% in the third quarter. Principal Financial Group Inc. now owns 19,761 shares of the company's stock worth $1,208,000 after acquiring an additional 196 shares during the period. Natixis Advisors LLC lifted its stake in Wheaton Precious Metals by 13.2% in the third quarter. Natixis Advisors LLC now owns 62,683 shares of the company's stock valued at $3,829,000 after purchasing an additional 7,332 shares during the last quarter. MAI Capital Management increased its position in Wheaton Precious Metals by 4.5% in the third quarter. MAI Capital Management now owns 8,054 shares of the company's stock worth $492,000 after buying an additional 346 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Wheaton Precious Metals by 5.6% in the third quarter. PNC Financial Services Group Inc. now owns 33,409 shares of the company's stock worth $2,041,000 after buying an additional 1,768 shares during the last quarter. Finally, First Horizon Advisors Inc. purchased a new position in shares of Wheaton Precious Metals during the 3rd quarter valued at $67,000. 70.34% of the stock is owned by institutional investors.

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Wheaton Precious Metals Trading Up 1.7 %

Shares of WPM traded up $1.30 during mid-day trading on Tuesday, reaching $76.21. 761,009 shares of the stock traded hands, compared to its average volume of 1,599,404. Wheaton Precious Metals Corp. has a 1 year low of $44.57 and a 1 year high of $77.44. The company has a market cap of $34.57 billion, a price-to-earnings ratio of 56.87, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. The firm has a fifty day moving average price of $66.95 and a 200 day moving average price of $63.32.

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 business had revenue of $380.52 million during the quarter, compared to analysts' expectations of $395.74 million. During the same period in the previous year, the business earned $0.36 EPS. The business's revenue was up 21.4% on a year-over-year basis. On average, sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Tuesday, April 1st will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.87%. 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 currently 56.90%.

Analyst Ratings Changes

Several brokerages recently weighed in on WPM. Scotiabank lifted their price objective on Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a "sector outperform" rating in a report on Monday, March 17th. Stifel Canada raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $72.44.

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.