LPL Financial LLC Has $11.34 Million Position in Wheaton Precious Metals Corp. (NYSE:WPM)

LPL Financial LLC grew its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 12.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 201,671 shares of the company's stock after buying an additional 22,139 shares during the period. LPL Financial LLC's holdings in Wheaton Precious Metals were worth $11,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Fox Run Management L.L.C. acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at about $1,024,000. Hillsdale Investment Management Inc. boosted its position in Wheaton Precious Metals by 4.9% during the 4th quarter. Hillsdale Investment Management Inc. now owns 147,200 shares of the company's stock worth $8,276,000 after acquiring an additional 6,900 shares during the last quarter. Intellus Advisors LLC bought a new position in shares of Wheaton Precious Metals during the 4th quarter worth approximately $13,036,000. Sei Investments Co. raised its holdings in shares of Wheaton Precious Metals by 25.7% in the fourth quarter. Sei Investments Co. now owns 40,769 shares of the company's stock valued at $2,293,000 after purchasing an additional 8,331 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Wheaton Precious Metals by 5.0% in the fourth quarter. American Century Companies Inc. now owns 615,705 shares of the company's stock worth $34,629,000 after purchasing an additional 29,147 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Trading Up 1.2 %

WPM stock opened at $78.56 on Friday. The firm has a market capitalization of $35.64 billion, a PE ratio of 58.62, a PEG ratio of 1.91 and a beta of 0.74. The business's 50 day simple moving average is $69.95 and its 200 day simple moving average is $64.22. Wheaton Precious Metals Corp. has a 1-year low of $49.41 and a 1-year high of $80.43.

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Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced 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 company had revenue of $380.52 million during the quarter, compared to analyst estimates of $395.74 million. During the same quarter last year, the company posted $0.36 EPS. The firm's quarterly revenue was up 21.4% on a year-over-year basis. As a group, sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, April 1st. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 0.84%. Wheaton Precious Metals's payout ratio is 56.90%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Scotiabank lifted 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 note on Monday, March 17th. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Wheaton Precious Metals has a consensus rating of "Buy" and a consensus target price of $72.44.

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.

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