Flagship Wealth Advisors LLC Invests $41,000 in Wheaton Precious Metals Corp. (NYSE:WPM)

Flagship Wealth Advisors LLC bought a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) during the fourth quarter, HoldingsChannel reports. The fund bought 724 shares of the company’s stock, valued at approximately $41,000.

A number of other large investors have also recently bought and sold shares of the company. Horizon Kinetics Asset Management LLC boosted its position in Wheaton Precious Metals by 6.4% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 2,931,246 shares of the company’s stock valued at $164,853,000 after buying an additional 177,071 shares during the last quarter. Signaturefd LLC boosted its position in Wheaton Precious Metals by 1.5% in 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 during the last quarter. United Capital Management of KS Inc. purchased a new stake in Wheaton Precious Metals in the fourth quarter valued at approximately $347,000. Bennbridge Ltd purchased a new stake in Wheaton Precious Metals in the fourth quarter valued at approximately $2,981,000. Finally, Farther Finance Advisors LLC boosted its position in Wheaton Precious Metals by 62.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,964 shares of the company’s stock valued at $167,000 after buying an additional 1,139 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at $75.97 on Tuesday. The company has a market cap of $34.47 billion, a price-to-earnings ratio of 56.69, a PEG ratio of 1.91 and a beta of 0.77. The stock has a 50 day simple moving average of $65.11 and a 200-day simple moving average of $62.80. Wheaton Precious Metals Corp. has a 1-year low of $43.18 and a 1-year high of $77.35.

Wheaton Precious Metals (NYSE:WPM) last announced 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 business had revenue of $380.52 million for 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 company’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 earnings per share. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Tuesday, April 1st will be paid 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 0.87%. The ex-dividend date of this dividend is Tuesday, April 1st. Wheaton Precious Metals’s dividend payout ratio is currently 46.27%.

Analyst Ratings Changes

WPM has been the topic of a number of recent research reports. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. UBS Group assumed coverage on Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 price target for the company. Finally, Scotiabank boosted their price target on Wheaton Precious Metals from $78.00 to $79.00 and gave the company a “sector outperform” rating in a report on Monday. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $72.44.

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.