EP Wealth Advisors LLC Buys 5,299 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

EP Wealth Advisors LLC grew its stake 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 and Exchange Commission (SEC). The institutional investor owned 10,684 shares of the company's stock after acquiring an additional 5,299 shares during the period. EP Wealth Advisors LLC's holdings in Wheaton Precious Metals were worth $601,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Crestline Management LP bought a new position in Wheaton Precious Metals in the fourth quarter worth approximately $9,785,000. Cetera Investment Advisers lifted its holdings in shares of Wheaton Precious Metals by 95.2% in the 4th quarter. Cetera Investment Advisers now owns 76,724 shares of the company's stock worth $4,315,000 after buying an additional 37,421 shares during the period. Captrust Financial Advisors grew its position in shares of Wheaton Precious Metals by 2.0% during the 4th quarter. Captrust Financial Advisors now owns 44,592 shares of the company's stock worth $2,508,000 after buying an additional 874 shares in the last quarter. BW Gestao de Investimentos Ltda. purchased a new position in shares of Wheaton Precious Metals during the fourth quarter valued at $3,093,000. Finally, Baird Financial Group Inc. increased its stake in shares of Wheaton Precious Metals by 1.2% during the fourth quarter. Baird Financial Group Inc. now owns 205,610 shares of the company's stock valued at $11,564,000 after buying an additional 2,360 shares during the period. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Up 4.0%

WPM opened at $85.76 on Monday. The company has a market cap of $38.92 billion, a P/E ratio of 64.00, a price-to-earnings-growth ratio of 1.91 and a beta of 0.49. The firm's 50-day moving average price is $77.91 and its 200-day moving average price is $67.74. Wheaton Precious Metals Corp. has a 52-week low of $51.96 and a 52-week high of $87.42.

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

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.66 annualized dividend and a yield of 0.77%. Wheaton Precious Metals's payout ratio is presently 56.90%.

Analyst Ratings Changes

Several research analysts have issued reports on WPM shares. CIBC increased their target price on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an "outperformer" rating in a report on Friday. Raymond James lifted their price objective on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, April 15th. Royal Bank of Canada boosted their price objective on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a "sector perform" rating in a research note on Friday, April 4th. National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. Finally, UBS Group upped their price objective on Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. One equities research 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 stock. Based on data from MarketBeat, Wheaton Precious Metals has a consensus rating of "Buy" and a consensus target price 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.

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