Mufg Securities Canada LTD. Buys 290,192 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Mufg Securities Canada LTD. raised its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 72.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 692,766 shares of the company's stock after buying an additional 290,192 shares during the period. Wheaton Precious Metals makes up about 1.4% of Mufg Securities Canada LTD.'s investment portfolio, making the stock its 19th largest holding. Mufg Securities Canada LTD. owned approximately 0.15% of Wheaton Precious Metals worth $38,968,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Versant Capital Management Inc purchased a new position in shares of Wheaton Precious Metals in the fourth quarter worth approximately $29,000. Promus Capital LLC acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Wheaton Precious Metals during the fourth quarter valued at $38,000. Laurel Wealth Advisors LLC purchased a new stake in Wheaton Precious Metals in the 4th quarter worth about $39,000. Finally, Quintet Private Bank Europe S.A. purchased a new stake in Wheaton Precious Metals in the 4th quarter worth about $39,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

Shares of WPM traded up $0.24 during mid-day trading on Friday, hitting $76.86. The company's stock had a trading volume of 2,242,598 shares, compared to its average volume of 1,647,236. Wheaton Precious Metals Corp. has a one year low of $47.02 and a one year high of $77.86. The stock's 50-day moving average is $68.44 and its two-hundred day moving average is $63.78. The firm has a market capitalization of $34.87 billion, a PE ratio of 57.36, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77.

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Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its 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 firm had revenue of $380.52 million during the quarter, compared to analyst estimates of $395.74 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The business's revenue for the quarter was up 21.4% compared to the same quarter last year. Analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.165 per share. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.66 annualized dividend and a dividend yield of 0.86%. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 56.90%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WPM. Scotiabank upped their target price on Wheaton Precious Metals from $78.00 to $79.00 and gave the company a "sector outperform" rating in a report on Monday, March 17th. Stifel Canada upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target 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.