White Oak Capital Partners Pte. Ltd. Buys Shares of 5,986 Wheaton Precious Metals Corp. (NYSE:WPM)

White Oak Capital Partners Pte. Ltd. purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,986 shares of the company's stock, valued at approximately $336,000. Wheaton Precious Metals accounts for 0.2% of White Oak Capital Partners Pte. Ltd.'s holdings, making the stock its 12th largest position.

Other institutional investors have also modified their holdings of the company. Hsbc Holdings PLC lifted its holdings in Wheaton Precious Metals by 41.2% during the 4th quarter. Hsbc Holdings PLC now owns 826,640 shares of the company's stock worth $46,508,000 after buying an additional 241,108 shares in the last quarter. J. Safra Sarasin Holding AG raised its stake in shares of Wheaton Precious Metals by 52.3% in the fourth quarter. J. Safra Sarasin Holding AG now owns 15,484 shares of the company's stock valued at $871,000 after acquiring an additional 5,314 shares in the last quarter. Stifel Financial Corp boosted its holdings in Wheaton Precious Metals by 29.2% in the fourth quarter. Stifel Financial Corp now owns 108,690 shares of the company's stock valued at $6,113,000 after purchasing an additional 24,588 shares during the period. TD Waterhouse Canada Inc. increased its holdings in Wheaton Precious Metals by 0.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 732,174 shares of the company's stock worth $40,644,000 after purchasing an additional 4,026 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in Wheaton Precious Metals by 355.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,121 shares of the company's stock worth $682,000 after purchasing an additional 9,460 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on WPM shares. Raymond James boosted their price objective on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 15th. 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. Royal Bank of Canada raised their price objective on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a report on Friday, April 4th. UBS Group boosted their target price on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Finally, Scotiabank raised their price target on Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research note on Monday, April 14th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $83.40.

Wheaton Precious Metals Trading Down 0.2 %

Shares of Wheaton Precious Metals stock traded down $0.14 on Monday, hitting $81.51. The stock had a trading volume of 719,464 shares, compared to its average volume of 1,644,608. The stock has a market cap of $36.98 billion, a price-to-earnings ratio of 60.81, a P/E/G ratio of 1.91 and a beta of 0.74. Wheaton Precious Metals Corp. has a 52-week low of $51.80 and a 52-week high of $87.42. The company's 50 day moving average price is $75.08 and its 200 day moving average price is $66.44.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). The firm had revenue of $380.52 million during the quarter, compared to analysts' expectations of $395.74 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. Wheaton Precious Metals's quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. 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 disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were paid a $0.165 dividend. The ex-dividend date was 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 yield of 0.81%. Wheaton Precious Metals's payout ratio is currently 56.90%.

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.