18,902 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Acquired by Comprehensive Money Management Services LLC

Comprehensive Money Management Services LLC bought a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 18,902 shares of the company's stock, valued at approximately $1,063,000.

Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth approximately $20,790,000. Sei Investments Co. raised its position in Wheaton Precious Metals by 25.7% in the fourth quarter. Sei Investments Co. now owns 40,769 shares of the company's stock valued at $2,293,000 after purchasing an additional 8,331 shares during the last quarter. Bank of New York Mellon Corp raised its position in Wheaton Precious Metals by 9.1% in the fourth quarter. Bank of New York Mellon Corp now owns 399,035 shares of the company's stock valued at $22,442,000 after purchasing an additional 33,256 shares during the last quarter. Pacer Advisors Inc. raised its position in Wheaton Precious Metals by 5.7% in the fourth quarter. Pacer Advisors Inc. now owns 4,027 shares of the company's stock valued at $226,000 after purchasing an additional 216 shares during the last quarter. Finally, Gotham Asset Management LLC raised its position in Wheaton Precious Metals by 83.8% in the fourth quarter. Gotham Asset Management LLC now owns 6,324 shares of the company's stock valued at $356,000 after purchasing an additional 2,884 shares during the last quarter. Institutional investors own 70.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Scotiabank increased their price target on Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research note on Monday, April 14th. Royal Bank of Canada raised their target price on Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a report on Friday, April 4th. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a report on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 target price on the stock. Raymond James lifted their price target on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, April 15th. Finally, National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $85.90.

Wheaton Precious Metals Price Performance

Shares of WPM traded down $0.03 during trading hours on Thursday, hitting $86.14. The stock had a trading volume of 976,289 shares, compared to its average volume of 1,678,764. Wheaton Precious Metals Corp. has a 12 month low of $51.96 and a 12 month high of $87.42. The firm has a market capitalization of $39.09 billion, a PE ratio of 64.29, a PEG ratio of 1.91 and a beta of 0.49. The stock has a fifty day moving average price of $80.32 and a 200 day moving average price of $69.20.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.55 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $446.33 million. During the same period in the previous year, the business earned $0.36 earnings per share. The business's revenue was up 58.4% on a year-over-year basis. As a group, analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.165 per share. The ex-dividend date is Wednesday, May 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.77%. 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.