37,811 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Bought by Alps Advisors Inc.

Alps Advisors Inc. purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,811 shares of the company's stock, valued at approximately $2,935,000.

A number of other hedge funds have also recently added to or reduced their stakes in WPM. Jones Financial Companies Lllp boosted its holdings in Wheaton Precious Metals by 68.1% during the fourth quarter. Jones Financial Companies Lllp now owns 3,615 shares of the company's stock worth $203,000 after buying an additional 1,464 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Wheaton Precious Metals by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 993,432 shares of the company's stock worth $55,889,000 after buying an additional 37,892 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in Wheaton Precious Metals by 4.1% during the fourth quarter. Proficio Capital Partners LLC now owns 8,640 shares of the company's stock valued at $486,000 after purchasing an additional 340 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Wheaton Precious Metals during the fourth quarter valued at $20,790,000. Finally, Farther Finance Advisors LLC lifted its holdings in Wheaton Precious Metals by 62.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,964 shares of the company's stock valued at $167,000 after purchasing an additional 1,139 shares in the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Trading Up 1.3%

WPM traded up $1.14 during trading hours on Friday, hitting $91.03. 1,780,108 shares of the company's stock were exchanged, compared to its average volume of 1,720,857. Wheaton Precious Metals Corp. has a 12-month low of $53.05 and a 12-month high of $95.23. The firm has a 50 day moving average of $87.39 and a 200 day moving average of $75.74. The firm has a market cap of $41.32 billion, a P/E ratio of 66.93, a price-to-earnings-growth ratio of 2.68 and a beta of 0.46.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its earnings results 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. 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 42.45% and a return on equity of 10.32%. The company's revenue for the quarter was up 58.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 EPS. As a group, research analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio (DPR) is 48.53%.

Wall Street Analyst Weigh In

Several research firms have issued reports on WPM. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. BMO Capital Markets initiated coverage on shares of Wheaton Precious Metals in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price target on the stock. Royal Bank Of Canada raised their price target on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Wall Street Zen raised shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Raymond James Financial boosted their price target on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $93.00.

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.