Rossby Financial LCC Acquires Shares of 10,719 Wheaton Precious Metals Corp. (NYSE:WPM)

Rossby Financial LCC purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,719 shares of the company's stock, valued at approximately $603,000.

A number of other institutional investors have also made changes to their positions in WPM. Fielder Capital Group LLC increased its position in Wheaton Precious Metals by 0.7% during the 4th quarter. Fielder Capital Group LLC now owns 24,701 shares of the company's stock worth $1,389,000 after buying an additional 176 shares during the period. Signaturefd LLC grew its stake in shares of Wheaton Precious Metals by 1.5% in the fourth quarter. Signaturefd LLC now owns 11,877 shares of the company's stock valued at $668,000 after acquiring an additional 178 shares in the last quarter. Merit Financial Group LLC increased its position in Wheaton Precious Metals by 3.9% during the fourth quarter. Merit Financial Group LLC now owns 4,818 shares of the company's stock worth $271,000 after acquiring an additional 179 shares during the period. Principal Financial Group Inc. raised its stake 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 worth $1,208,000 after purchasing an additional 196 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in Wheaton Precious Metals by 5.7% in the 4th quarter. Pacer Advisors Inc. now owns 4,027 shares of the company's stock valued at $226,000 after purchasing an additional 216 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on WPM shares. Scotiabank raised their price target on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a research report on Monday. UBS Group raised their target price on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a report on Friday, April 11th. Royal Bank of Canada upped their price target on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a "sector perform" rating in a report on Friday, April 4th. Raymond James boosted their price objective on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, BMO Capital Markets started coverage on shares of Wheaton Precious Metals in a research note on Wednesday. They issued an "outperform" rating and a $129.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $83.40.

Wheaton Precious Metals Stock Down 0.7 %

NYSE WPM traded down $0.60 during trading on Friday, hitting $84.16. 1,745,316 shares of the stock traded hands, compared to its average volume of 1,643,428. Wheaton Precious Metals Corp. has a 12-month low of $50.91 and a 12-month high of $86.20. The firm has a 50-day simple moving average of $73.28 and a 200-day simple moving average of $65.42. The company has a market capitalization of $38.18 billion, a P/E ratio of 62.81, a price-to-earnings-growth ratio of 1.91 and a beta of 0.74.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its 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). The firm had revenue of $380.52 million during the quarter, compared to analysts' expectations of $395.74 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company's revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 EPS. As a group, research 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 was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were issued a $0.165 dividend. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Tuesday, April 1st. Wheaton Precious Metals's payout ratio is currently 56.90%.

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.