649,623 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Acquired by Perpetual Ltd

Perpetual Ltd purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 649,623 shares of the company's stock, valued at approximately $50,430,000. Perpetual Ltd owned 0.14% of Wheaton Precious Metals as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Wheaton Precious Metals by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 17,672,518 shares of the company's stock worth $994,733,000 after acquiring an additional 281,123 shares in the last quarter. FMR LLC lifted its stake in Wheaton Precious Metals by 5.9% in the 4th quarter. FMR LLC now owns 15,529,219 shares of the company's stock valued at $873,995,000 after buying an additional 863,306 shares in the last quarter. Royal Bank of Canada boosted its position in Wheaton Precious Metals by 5.0% during the fourth quarter. Royal Bank of Canada now owns 9,424,930 shares of the company's stock worth $530,057,000 after acquiring an additional 447,702 shares during the last quarter. Norges Bank purchased a new stake in Wheaton Precious Metals in the 4th quarter valued at about $472,648,000. Finally, TD Asset Management Inc. boosted its holdings in Wheaton Precious Metals by 9.6% in the fourth quarter. TD Asset Management Inc. now owns 7,156,818 shares of the company's stock valued at $402,627,000 after acquiring an additional 629,743 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Down 3.3%

Shares of NYSE:WPM traded down $2.96 during midday trading on Friday, reaching $87.30. 2,628,915 shares of the company were exchanged, compared to its average volume of 1,701,702. Wheaton Precious Metals Corp. has a fifty-two week low of $51.96 and a fifty-two week high of $95.23. The stock has a fifty day simple moving average of $85.80 and a two-hundred day simple moving average of $73.32. The firm has a market cap of $39.63 billion, a PE ratio of 64.19, a P/E/G ratio of 2.73 and a beta of 0.46.

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

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were issued 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 0.76%. Wheaton Precious Metals's payout ratio is 48.53%.

Analysts Set New Price Targets

Several research firms have recently commented on WPM. BMO Capital Markets assumed coverage on Wheaton Precious Metals in a research note on Wednesday, April 16th. They set an "outperform" rating and a $129.00 target price for the company. 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. Scotiabank raised their price target on Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a report on Monday, April 14th. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday. Finally, UBS Group lifted their price objective on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of "Buy" and an average price target of $89.78.

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.