Blue Trust Inc. Grows Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Blue Trust Inc. lifted its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,471 shares of the company’s stock after buying an additional 484 shares during the quarter. Blue Trust Inc.’s holdings in Wheaton Precious Metals were worth $578,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $29,000. Laurel Wealth Advisors LLC purchased a new stake in Wheaton Precious Metals during the fourth quarter worth $39,000. GAMMA Investing LLC acquired a new stake in Wheaton Precious Metals during the fourth quarter valued at $41,000. Sunbelt Securities Inc. purchased a new position in Wheaton Precious Metals in the second quarter valued at $47,000. Finally, St. Johns Investment Management Company LLC acquired a new position in shares of Wheaton Precious Metals in the third quarter worth about $48,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WPM shares. Stifel Canada lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. TD Securities boosted their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 8th. UBS Group initiated coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They set a “buy” rating and a $78.00 target price on the stock. National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group increased their price objective on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, October 4th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.67.

Wheaton Precious Metals Trading Up 4.5 %

NYSE:WPM opened at $63.15 on Friday. Wheaton Precious Metals Corp. has a twelve month low of $38.57 and a twelve month high of $68.64. The company has a market cap of $28.65 billion, a P/E ratio of 47.13, a P/E/G ratio of 1.29 and a beta of 0.76. The company’s 50-day moving average price is $59.33 and its 200-day moving average price is $60.62.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business had revenue of $308.25 million for the quarter, compared to analyst estimates of $324.57 million. During the same period last year, the company posted $0.27 EPS. On average, analysts expect that Wheaton Precious Metals Corp. will post 1.45 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio is currently 46.27%.

Wheaton Precious Metals Company 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.