Sei Investments Co. Has $2.29 Million Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Sei Investments Co. boosted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 25.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,769 shares of the company's stock after acquiring an additional 8,331 shares during the period. Sei Investments Co.'s holdings in Wheaton Precious Metals were worth $2,293,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at approximately $29,000. Promus Capital LLC bought a new stake in shares of Wheaton Precious Metals during the fourth quarter valued at about $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Wheaton Precious Metals in the 4th quarter valued at about $38,000. Laurel Wealth Advisors LLC acquired a new position in Wheaton Precious Metals during the 4th quarter valued at about $39,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter worth approximately $39,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Price Performance

NYSE:WPM traded up $3.74 during trading hours on Wednesday, reaching $74.30. The company's stock had a trading volume of 2,878,994 shares, compared to its average volume of 1,644,509. Wheaton Precious Metals Corp. has a one year low of $49.43 and a one year high of $80.43. The business's 50-day moving average is $71.27 and its 200-day moving average is $64.63. The company has a market cap of $33.71 billion, a price-to-earnings ratio of 55.45, a price-to-earnings-growth ratio of 1.91 and a beta of 0.74.

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Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted 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 company had revenue of $380.52 million during the quarter, compared to analyst estimates of $395.74 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The firm's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 earnings per share. On average, sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, April 1st. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.89%. Wheaton Precious Metals's payout ratio is 56.90%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WPM. Scotiabank upped their price objective on Wheaton Precious Metals from $78.00 to $79.00 and gave the company a "sector outperform" rating in a report on Monday, March 17th. Raymond James raised their target price on shares of Wheaton Precious Metals from $75.00 to $88.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Royal Bank of Canada upped their price target on Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a report on Friday, April 4th. Finally, Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $74.50.

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.