Pictet Asset Management Holding SA Acquires 39,572 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Pictet Asset Management Holding SA increased its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 19.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,939 shares of the company's stock after acquiring an additional 39,572 shares during the period. Pictet Asset Management Holding SA owned about 0.05% of Wheaton Precious Metals worth $13,892,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in shares of Wheaton Precious Metals in the fourth quarter worth approximately $20,790,000. CWA Asset Management Group LLC grew its holdings in 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 buying an additional 26,924 shares in the last quarter. Wellington Management Group LLP raised its position in Wheaton Precious Metals by 42.7% in the 3rd quarter. Wellington Management Group LLP now owns 133,627 shares of the company's stock valued at $8,170,000 after buying an additional 39,979 shares during the last quarter. DF Dent & Co. Inc. lifted its stake in Wheaton Precious Metals by 44.9% during the 3rd quarter. DF Dent & Co. Inc. now owns 45,200 shares of the company's stock valued at $2,761,000 after acquiring an additional 14,000 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Wheaton Precious Metals by 9.1% during the 4th quarter. Bank of New York Mellon Corp now owns 399,035 shares of the company's stock worth $22,442,000 after acquiring an additional 33,256 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Stifel Canada upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Scotiabank increased 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. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $72.44.

Wheaton Precious Metals Trading Up 1.2 %

Shares of WPM stock traded up $0.90 during trading hours on Thursday, hitting $78.56. 3,416,483 shares of the company were exchanged, compared to its average volume of 1,637,663. The stock has a market capitalization of $35.64 billion, a price-to-earnings ratio of 58.62, a P/E/G ratio of 1.91 and a beta of 0.74. The firm has a fifty day simple moving average of $69.95 and a 200 day simple moving average of $64.22. Wheaton Precious Metals Corp. has a 52-week low of $49.41 and a 52-week high of $80.41.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The firm had revenue of $380.52 million during the quarter, compared to analysts' expectations of $395.74 million. During the same period in the prior year, the business earned $0.36 earnings per share. The business's quarterly revenue was up 21.4% compared to the same quarter last year. Sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current 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 dividend of $0.165 per share. The ex-dividend date 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 dividend payout ratio is 56.90%.

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.