EP Wealth Advisors LLC Increases Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

EP Wealth Advisors LLC boosted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 98.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,684 shares of the company's stock after acquiring an additional 5,299 shares during the quarter. EP Wealth Advisors LLC's holdings in Wheaton Precious Metals were worth $601,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WPM. Norges Bank bought a new position in Wheaton Precious Metals in the 4th quarter worth about $472,648,000. Capital International Investors bought a new position in shares of Wheaton Precious Metals during the 4th quarter valued at about $263,810,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Wheaton Precious Metals during the 4th quarter valued at about $72,657,000. Van ECK Associates Corp increased its position in shares of Wheaton Precious Metals by 6.4% during the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company's stock valued at $1,154,843,000 after purchasing an additional 1,231,999 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of Wheaton Precious Metals by 1,321.7% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,221,522 shares of the company's stock valued at $68,720,000 after purchasing an additional 1,135,603 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Trading Down 0.5%

NYSE WPM traded down $0.42 on Friday, hitting $78.35. The company's stock had a trading volume of 2,161,291 shares, compared to its average volume of 1,674,751. Wheaton Precious Metals Corp. has a 52-week low of $51.96 and a 52-week high of $87.42. The company's 50-day simple moving average is $78.69 and its 200 day simple moving average is $68.12. The firm has a market cap of $35.56 billion, a P/E ratio of 58.47, a PEG ratio of 1.91 and a beta of 0.49.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $470.41 million during the quarter, compared to analysts' expectations of $446.33 million. During the same quarter last year, the business posted $0.36 EPS. The business's revenue was up 58.4% on a year-over-year basis. On average, research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 48.53%.

Analysts Set New Price Targets

WPM has been the topic of several recent research reports. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a research report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price objective on the stock. Raymond James increased their price objective on Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, April 15th. UBS Group increased their price objective on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research report on Friday, April 11th. National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. Finally, StockNews.com upgraded Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $85.90.

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.