Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Purchases New Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 21,500 shares of the company's stock, valued at approximately $1,211,000. Wheaton Precious Metals accounts for 3.6% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s portfolio, making the stock its 6th biggest position.

Several other institutional investors also recently bought and sold shares of WPM. Promus Capital LLC acquired a new stake in shares of Wheaton Precious Metals during the fourth quarter worth about $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $38,000. Quintet Private Bank Europe S.A. acquired a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $39,000. Headlands Technologies LLC lifted its holdings in Wheaton Precious Metals by 494.9% during the 4th quarter. Headlands Technologies LLC now owns 696 shares of the company's stock worth $39,000 after buying an additional 579 shares in the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new position in Wheaton Precious Metals in the 4th quarter valued at approximately $41,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Trading Down 1.2%

Shares of NYSE WPM traded down $1.05 during mid-day trading on Tuesday, reaching $85.57. The company had a trading volume of 1,944,498 shares, compared to its average volume of 1,678,665. The firm has a 50 day simple moving average of $79.90 and a two-hundred day simple moving average of $68.97. Wheaton Precious Metals Corp. has a 52-week low of $51.96 and a 52-week high of $87.42. The stock has a market cap of $38.83 billion, a P/E ratio of 63.86, 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 (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $470.41 million during the quarter, compared to the consensus estimate of $446.33 million. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Wheaton Precious Metals's revenue for the quarter was up 58.4% on a year-over-year basis. On average, equities analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Wednesday, May 28th. Wheaton Precious Metals's payout ratio is currently 48.53%.

Analyst Ratings Changes

A number of analysts have recently weighed in on WPM shares. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. Wall Street Zen upgraded Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday, May 12th. CIBC increased their price target on Wheaton Precious Metals from $95.00 to $105.00 and gave the company an "outperformer" rating in a research report on Friday, May 9th. 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. Finally, UBS Group upped 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. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $85.90.

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.