Wheaton Precious Metals Corp. (NYSE:WPM) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 993,432 shares of the company's stock after acquiring an additional 37,892 shares during the period. Charles Schwab Investment Management Inc. owned 0.22% of Wheaton Precious Metals worth $55,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new stake in Wheaton Precious Metals in the 4th quarter valued at about $29,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $39,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $39,000. GAMMA Investing LLC acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $41,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $53,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in 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. UBS Group initiated coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They issued a "buy" rating and a $78.00 price target for the company. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $71.67.

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Wheaton Precious Metals Trading Up 1.5 %

Shares of NYSE WPM traded up $1.10 during midday trading on Friday, reaching $73.82. 2,502,491 shares of the stock were exchanged, compared to its average volume of 1,582,365. The company has a market capitalization of $33.49 billion, a P/E ratio of 55.09, a P/E/G ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a 52-week low of $43.18 and a 52-week high of $74.90. The stock has a 50 day moving average price of $64.40 and a 200-day moving average price of $62.60.

Wheaton Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors 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 a boost from Wheaton Precious Metals's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 0.89%. Wheaton Precious Metals's dividend payout ratio is currently 46.27%.

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.