Union Bancaire Privee UBP SA Takes $791,000 Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Union Bancaire Privee UBP SA purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,744 shares of the company's stock, valued at approximately $791,000.

Other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in Wheaton Precious Metals by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,540 shares of the company's stock worth $58,422,000 after acquiring an additional 36,970 shares during the period. Well Done LLC grew its position in shares of Wheaton Precious Metals by 173.9% in the third quarter. Well Done LLC now owns 38,108 shares of the company's stock valued at $2,328,000 after purchasing an additional 24,196 shares during the period. Swiss National Bank increased its stake in Wheaton Precious Metals by 0.8% in the third quarter. Swiss National Bank now owns 1,370,800 shares of the company's stock valued at $83,854,000 after purchasing an additional 10,600 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Wheaton Precious Metals during the third quarter worth about $1,287,000. Finally, CWA Asset Management Group LLC boosted its stake in Wheaton Precious Metals by 19.7% in the 4th 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 during the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM traded up $0.03 during mid-day trading on Wednesday, hitting $60.40. 1,137,726 shares of the company traded hands, compared to its average volume of 1,386,139. The firm's 50 day simple moving average is $59.39 and its 200 day simple moving average is $60.61. The firm has a market cap of $27.40 billion, a P/E ratio of 45.08, a PEG ratio of 1.29 and a beta of 0.76. Wheaton Precious Metals Corp. has a 52-week low of $38.57 and a 52-week high of $68.64.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.34. The company had revenue of $308.25 million for the quarter, compared to analyst estimates of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same quarter last year, the firm posted $0.27 earnings per share. Equities research analysts expect that Wheaton Precious Metals Corp. will post 1.45 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were given a $0.155 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a yield of 1.03%. Wheaton Precious Metals's payout ratio is currently 46.27%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WPM. UBS Group initiated coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They set a "buy" rating and a $78.00 price objective on the stock. Stifel Canada lowered shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. Jefferies Financial Group upped their price objective on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, October 4th. TD Securities increased their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Finally, Raymond James boosted their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $71.67.

About Wheaton Precious Metals

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.