C WorldWide Group Holding A S Makes New $1.66 Million Investment in Wheaton Precious Metals Corp. (NYSE:WPM)

C WorldWide Group Holding A S acquired a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,313 shares of the company's stock, valued at approximately $1,655,000.

Other hedge funds have also recently bought and sold shares of the company. Sei Investments Co. raised its stake in Wheaton Precious Metals by 25.7% during the fourth quarter. Sei Investments Co. now owns 40,769 shares of the company's stock worth $2,293,000 after acquiring an additional 8,331 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Wheaton Precious Metals by 37.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,109 shares of the company's stock worth $630,000 after purchasing an additional 2,208 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Wheaton Precious Metals by 5.8% during the first quarter. Sequoia Financial Advisors LLC now owns 5,392 shares of the company's stock worth $419,000 after buying an additional 297 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in Wheaton Precious Metals during the first quarter worth about $531,000. Finally, Gotham Asset Management LLC boosted its holdings in Wheaton Precious Metals by 83.8% during the fourth quarter. Gotham Asset Management LLC now owns 6,324 shares of the company's stock worth $356,000 after buying an additional 2,884 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 topic of a number of recent analyst reports. Scotiabank raised their target price on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a report on Monday, April 14th. BMO Capital Markets started coverage on Wheaton Precious Metals in a research report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price target on the stock. CIBC reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday. Wall Street Zen raised Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Royal Bank Of Canada lifted their target price on Wheaton Precious Metals from $80.00 to $90.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Wheaton Precious Metals currently has an average rating of "Buy" and an average price target of $93.00.

Wheaton Precious Metals Price Performance

WPM traded up $0.11 during trading on Friday, hitting $89.11. The stock had a trading volume of 147,794 shares, compared to its average volume of 1,714,425. The company has a 50 day moving average price of $87.88 and a 200-day moving average price of $76.54. The firm has a market cap of $40.45 billion, a price-to-earnings ratio of 65.63, a P/E/G ratio of 2.60 and a beta of 0.46. Wheaton Precious Metals Corp. has a one year low of $53.05 and a one year high of $95.23.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. Wheaton Precious Metals had a return on equity of 10.32% and a net margin of 42.45%. The company had revenue of $470.41 million during the quarter, compared to analysts' expectations of $446.33 million. During the same quarter in the previous year, the firm earned $0.36 EPS. Wheaton Precious Metals's revenue was up 58.4% on a year-over-year basis. As a group, sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were given a $0.165 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.74%. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 48.53%.

Wheaton Precious Metals Company 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.

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