Vanguard Group Inc. Purchases 281,123 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Vanguard Group Inc. boosted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,672,518 shares of the company's stock after buying an additional 281,123 shares during the period. Vanguard Group Inc. owned about 3.90% of Wheaton Precious Metals worth $994,733,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in shares of Wheaton Precious Metals by 6.4% in the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company's stock valued at $1,154,843,000 after acquiring an additional 1,231,999 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its position in Wheaton Precious Metals by 6.4% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 2,931,246 shares of the company's stock valued at $164,853,000 after buying an additional 177,071 shares during the period. National Bank of Canada FI lifted its stake in Wheaton Precious Metals by 21.3% in the 3rd quarter. National Bank of Canada FI now owns 2,923,402 shares of the company's stock worth $178,551,000 after acquiring an additional 513,890 shares in the last quarter. CIBC Asset Management Inc boosted its position in Wheaton Precious Metals by 11.8% during the 4th quarter. CIBC Asset Management Inc now owns 2,541,133 shares of the company's stock worth $144,356,000 after acquiring an additional 267,973 shares during the period. Finally, Geode Capital Management LLC grew its stake in Wheaton Precious Metals by 5.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,002,629 shares of the company's stock valued at $121,939,000 after acquiring an additional 111,769 shares in the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

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Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM traded down $1.57 during midday trading on Tuesday, hitting $75.89. The company's stock had a trading volume of 904,417 shares, compared to its average volume of 1,611,870. The stock's 50 day simple moving average is $68.84 and its 200 day simple moving average is $63.92. The stock has a market capitalization of $34.43 billion, a price-to-earnings ratio of 56.66, a PEG ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a fifty-two week low of $48.00 and a fifty-two week high of $78.04.

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 net margin of 50.05% and a return on equity of 8.85%. The business had revenue of $380.52 million during the quarter, compared to analyst estimates of $395.74 million. During the same period last year, the business earned $0.36 EPS. The business's quarterly revenue was up 21.4% compared to the same quarter last year. As a group, analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 0.87%. Wheaton Precious Metals's dividend payout ratio is 56.90%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WPM. 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. Scotiabank boosted their target price on shares of Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a "sector outperform" rating in a research report on Monday, March 17th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average 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.