BW Gestao de Investimentos Ltda. Buys Shares of 55,000 Wheaton Precious Metals Corp. (NYSE:WPM)

BW Gestao de Investimentos Ltda. acquired a new stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 55,000 shares of the company's stock, valued at approximately $3,093,000.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Wheaton Precious Metals in the fourth quarter valued at $20,790,000. Sei Investments Co. raised its stake in shares of Wheaton Precious Metals by 25.7% in the 4th quarter. Sei Investments Co. now owns 40,769 shares of the company's stock valued at $2,293,000 after purchasing an additional 8,331 shares in the last quarter. CWA Asset Management Group LLC lifted its position in shares of Wheaton Precious Metals by 19.7% during the fourth quarter. CWA Asset Management Group LLC now owns 163,514 shares of the company's stock worth $9,196,000 after purchasing an additional 26,924 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Wheaton Precious Metals by 9.1% in the fourth quarter. Bank of New York Mellon Corp now owns 399,035 shares of the company's stock worth $22,442,000 after purchasing an additional 33,256 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Wheaton Precious Metals by 5.7% in the fourth quarter. Pacer Advisors Inc. now owns 4,027 shares of the company's stock valued at $226,000 after buying an additional 216 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WPM has been the subject of a number of research reports. UBS Group lifted their price objective on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a report on Friday, April 11th. 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. National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Wednesday, April 23rd. Scotiabank upped their target price on Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a report on Monday, April 14th. Finally, Raymond James raised their price target on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, April 15th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $83.40.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM traded down $0.81 during mid-day trading on Wednesday, hitting $84.95. The stock had a trading volume of 1,698,544 shares, compared to its average volume of 1,658,083. Wheaton Precious Metals Corp. has a 12-month low of $51.96 and a 12-month high of $87.42. The company has a market cap of $38.55 billion, a PE ratio of 63.40, a P/E/G ratio of 1.91 and a beta of 0.49. The company's 50 day moving average is $77.30 and its 200-day moving average is $67.51.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued 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 business had revenue of $380.52 million during 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 business's quarterly revenue was up 21.4% on a year-over-year basis. During the same period last year, the business earned $0.36 EPS. On average, equities research analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Tuesday, April 1st were issued a dividend of $0.165 per share. This is a boost from Wheaton Precious Metals's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Tuesday, April 1st. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 56.90%.

About Wheaton Precious Metals

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.