J. Safra Sarasin Holding AG Has $871,000 Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

J. Safra Sarasin Holding AG grew its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 52.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,484 shares of the company's stock after buying an additional 5,314 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Wheaton Precious Metals were worth $871,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Stifel Financial Corp lifted its position in shares of Wheaton Precious Metals by 29.2% during the fourth quarter. Stifel Financial Corp now owns 108,690 shares of the company's stock worth $6,113,000 after purchasing an additional 24,588 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in shares of Wheaton Precious Metals by 0.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 732,174 shares of the company's stock worth $40,644,000 after acquiring an additional 4,026 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Wheaton Precious Metals by 355.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,121 shares of the company's stock worth $682,000 after acquiring an additional 9,460 shares in the last quarter. Natixis boosted its holdings in Wheaton Precious Metals by 36.1% in the fourth quarter. Natixis now owns 42,005 shares of the company's stock valued at $2,362,000 after purchasing an additional 11,146 shares during the last quarter. Finally, Ossiam grew its stake in Wheaton Precious Metals by 84.5% during the 4th quarter. Ossiam now owns 118,593 shares of the company's stock valued at $6,672,000 after purchasing an additional 54,314 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Trading Down 0.7 %

Shares of Wheaton Precious Metals stock traded down $0.55 on Friday, reaching $81.62. 1,463,968 shares of the company were exchanged, compared to its average volume of 1,648,206. Wheaton Precious Metals Corp. has a fifty-two week low of $51.80 and a fifty-two week high of $87.42. The firm has a market capitalization of $37.03 billion, a price-to-earnings ratio of 60.91, a price-to-earnings-growth ratio of 1.91 and a beta of 0.74. The stock has a fifty day moving average price of $75.08 and a 200-day moving average price of $66.40.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported $0.44 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $395.74 million. During the same quarter in the previous 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. On average, equities 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 firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Tuesday, April 1st were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.81%. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, April 1st. Wheaton Precious Metals's payout ratio is presently 56.90%.

Analysts Set New Price Targets

WPM has been the subject of several recent analyst reports. Royal Bank of Canada raised their price objective 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. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. BMO Capital Markets started coverage on Wheaton Precious Metals in a research note on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price objective on the stock. Scotiabank boosted their target price on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research note on Monday, April 14th. Finally, National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday. One analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $83.40.

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.