Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Purchases New Shares in Wheaton Precious Metals Corp. (NYSE:WPM)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 21,500 shares of the company's stock, valued at approximately $1,211,000. Wheaton Precious Metals accounts for about 1.7% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 9th biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of WPM. Orion Portfolio Solutions LLC lifted its position in shares of Wheaton Precious Metals by 4.4% during the 4th quarter. Orion Portfolio Solutions LLC now owns 6,120 shares of the company's stock worth $344,000 after purchasing an additional 258 shares during the last quarter. Pictet Asset Management Holding SA increased its position in Wheaton Precious Metals by 19.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 246,939 shares of the company's stock worth $13,892,000 after buying an additional 39,572 shares during the period. Norges Bank acquired a new position in shares of Wheaton Precious Metals during the fourth quarter worth approximately $472,648,000. Korea Investment CORP boosted its position in shares of Wheaton Precious Metals by 55.8% in the fourth quarter. Korea Investment CORP now owns 294,909 shares of the company's stock valued at $16,591,000 after acquiring an additional 105,573 shares during the period. Finally, Mufg Securities Canada LTD. boosted its position in shares of Wheaton Precious Metals by 72.1% in the fourth quarter. Mufg Securities Canada LTD. now owns 692,766 shares of the company's stock valued at $38,968,000 after acquiring an additional 290,192 shares during the period. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analyst Weigh In

WPM has been the subject of several research analyst reports. Scotiabank upped their target price 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 raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Wheaton Precious Metals currently has an average rating of "Buy" and an average price target of $72.44.

Wheaton Precious Metals Trading Down 0.7 %

NYSE WPM traded down $0.57 on Tuesday, reaching $76.89. The company's stock had a trading volume of 1,816,042 shares, compared to its average volume of 1,649,645. The firm has a market cap of $34.88 billion, a PE ratio of 57.38, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a 52 week low of $47.02 and a 52 week high of $78.10. The business has a 50-day moving average price of $68.84 and a 200 day moving average price of $63.92.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued 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 company had revenue of $380.52 million during the quarter, compared to analyst estimates of $395.74 million. During the same period in the previous year, the company posted $0.36 earnings per share. The company's quarterly revenue was up 21.4% on a year-over-year basis. Analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal 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 given a dividend of $0.165 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.86%. This is a boost from Wheaton Precious Metals's previous quarterly dividend of $0.16. Wheaton Precious Metals's dividend payout ratio (DPR) 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.