Wellington Management Group LLP lowered its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 34.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,158 shares of the company's stock after selling 45,469 shares during the quarter. Wellington Management Group LLP's holdings in Wheaton Precious Metals were worth $4,960,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fielder Capital Group LLC raised its position in shares of Wheaton Precious Metals by 0.7% during the 4th quarter. Fielder Capital Group LLC now owns 24,701 shares of the company's stock worth $1,389,000 after buying an additional 176 shares in the last quarter. Signaturefd LLC boosted its stake in Wheaton Precious Metals by 1.5% during the fourth quarter. Signaturefd LLC now owns 11,877 shares of the company's stock valued at $668,000 after buying an additional 178 shares in the last quarter. Merit Financial Group LLC raised its position in Wheaton Precious Metals by 3.9% in the fourth quarter. Merit Financial Group LLC now owns 4,818 shares of the company's stock worth $271,000 after acquiring an additional 179 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Wheaton Precious Metals by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company's stock valued at $1,208,000 after acquiring an additional 196 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Wheaton Precious Metals by 5.7% during the 4th quarter. Pacer Advisors Inc. now owns 4,027 shares of the company's stock valued at $226,000 after purchasing an additional 216 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company's stock.
Wall Street Analyst Weigh In
WPM has been the subject of a number of research reports. Scotiabank raised their target price on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a report on Monday. Royal Bank of Canada boosted their target price on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a "sector perform" rating in a research 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. UBS Group boosted their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a report on Friday. Finally, Raymond James lifted their price target on Wheaton Precious Metals from $75.00 to $88.00 and gave the company an "outperform" rating in a report on Friday, April 4th. One investment 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $76.40.
Get Our Latest Stock Report on WPM
Wheaton Precious Metals Price Performance
Shares of WPM stock traded up $0.24 during trading on Monday, reaching $82.37. The company had a trading volume of 2,606,847 shares, compared to its average volume of 1,645,294. Wheaton Precious Metals Corp. has a one year low of $49.71 and a one year high of $83.61. The company has a market capitalization of $37.37 billion, a PE ratio of 61.47, a PEG ratio of 1.91 and a beta of 0.74. The firm's 50 day simple moving average is $71.92 and its two-hundred day simple moving average is $64.86.
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). The firm had revenue of $380.52 million during the quarter, compared to the consensus estimate of $395.74 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business's revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.36 EPS. Analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.
Wheaton Precious Metals Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were given a $0.165 dividend. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Tuesday, April 1st. Wheaton Precious Metals's payout ratio is currently 56.90%.
Wheaton Precious Metals Company Profile
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Free Report)
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.
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