Moody National Bank Trust Division Invests $320,000 in Wheaton Precious Metals Corp. (NYSE:WPM)

Moody National Bank Trust Division purchased a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,116 shares of the company's stock, valued at approximately $320,000.

A number of other large investors also recently bought and sold shares of WPM. Norges Bank bought a new stake in Wheaton Precious Metals during the fourth quarter valued at approximately $472,648,000. Capital International Investors purchased a new position in Wheaton Precious Metals in the 4th quarter worth about $263,810,000. Arrowstreet Capital Limited Partnership purchased a new position in Wheaton Precious Metals during the 4th quarter valued at about $72,657,000. Van ECK Associates Corp increased its position in Wheaton Precious Metals by 6.4% during the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company's stock valued at $1,154,843,000 after purchasing an additional 1,231,999 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in shares of Wheaton Precious Metals by 54.4% in the 4th quarter. Mackenzie Financial Corp now owns 3,223,154 shares of the company's stock valued at $181,227,000 after buying an additional 1,135,699 shares in the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Down 1.3%

Shares of NYSE:WPM traded down $1.16 during trading on Thursday, hitting $91.59. 2,642,685 shares of the company were exchanged, compared to its average volume of 1,680,047. The company has a market capitalization of $41.57 billion, a P/E ratio of 68.35, a price-to-earnings-growth ratio of 1.91 and a beta of 0.49. Wheaton Precious Metals Corp. has a 1-year low of $51.96 and a 1-year high of $95.23. The business's 50 day moving average is $82.00 and its 200-day moving average is $70.46.

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

Wheaton Precious Metals Announces Dividend

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 paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio (DPR) is 48.53%.

Analysts Set New Price Targets

WPM has been the subject of several research reports. Royal Bank of Canada lifted their price objective on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the company a "sector perform" rating in a research note on Wednesday. CIBC upped 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. UBS Group increased their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. BMO Capital Markets assumed 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. Finally, National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Wheaton Precious Metals currently has an average rating of "Buy" and a consensus target price of $86.90.

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.