Moody National Bank Trust Division Buys Shares of 4,116 Wheaton Precious Metals Corp. (NYSE:WPM)

Moody National Bank Trust Division bought a new stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,116 shares of the company's stock, valued at approximately $320,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fielder Capital Group LLC lifted its holdings in Wheaton Precious Metals by 0.7% during the fourth quarter. Fielder Capital Group LLC now owns 24,701 shares of the company's stock worth $1,389,000 after acquiring an additional 176 shares during the period. Signaturefd LLC raised its stake in shares of Wheaton Precious Metals by 1.5% during the 4th quarter. Signaturefd LLC now owns 11,877 shares of the company's stock worth $668,000 after purchasing an additional 178 shares during the period. Pacer Advisors Inc. raised its stake in shares of Wheaton Precious Metals by 5.7% during the 4th quarter. Pacer Advisors Inc. now owns 4,027 shares of the company's stock worth $226,000 after purchasing an additional 216 shares during the period. Orion Portfolio Solutions LLC boosted its holdings in shares of Wheaton Precious Metals by 4.4% in the 4th quarter. Orion Portfolio Solutions LLC now owns 6,120 shares of the company's stock worth $344,000 after buying an additional 258 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in Wheaton Precious Metals by 8.1% during the fourth quarter. Concurrent Investment Advisors LLC now owns 4,492 shares of the company's stock valued at $253,000 after buying an additional 336 shares during the period. Hedge funds and other institutional investors own 70.34% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on WPM shares. CIBC increased their target price on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the company an "outperformer" rating in a research report on Friday, May 9th. Wall Street Zen raised shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Raymond James lifted their target price on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 15th. UBS Group boosted their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Finally, Scotiabank lifted their price objective on shares of 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. One analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $85.90.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock traded down $0.07 during midday trading on Tuesday, reaching $91.76. 1,570,857 shares of the stock were exchanged, compared to its average volume of 1,678,351. Wheaton Precious Metals Corp. has a 52 week low of $51.96 and a 52 week high of $91.88. The firm has a market cap of $41.64 billion, a PE ratio of 68.48, a PEG ratio of 1.91 and a beta of 0.49. The company's fifty day moving average is $81.10 and its 200-day moving average is $69.94.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, topping 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 firm had revenue of $470.41 million for the quarter, compared to analysts' expectations of $446.33 million. During the same quarter in the prior year, the firm posted $0.36 earnings per share. The business's quarterly revenue was up 58.4% on a year-over-year basis. On average, sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be paid a $0.165 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.72%. Wheaton Precious Metals's dividend payout ratio is currently 48.53%.

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.