Public Employees Retirement System of Ohio Acquires 62,573 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Public Employees Retirement System of Ohio grew its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 163.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,791 shares of the company's stock after acquiring an additional 62,573 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Wheaton Precious Metals were worth $5,670,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of WPM. Promus Capital LLC bought a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Wheaton Precious Metals in the fourth quarter valued at approximately $38,000. Headlands Technologies LLC boosted its holdings in shares of Wheaton Precious Metals by 494.9% in the fourth quarter. Headlands Technologies LLC now owns 696 shares of the company's stock valued at $39,000 after buying an additional 579 shares during the period. Quintet Private Bank Europe S.A. bought a new stake in shares of Wheaton Precious Metals during the fourth quarter worth $39,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of Wheaton Precious Metals during the fourth quarter worth $41,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Price Performance

NYSE WPM traded up $5.10 on Monday, hitting $91.85. 2,707,074 shares of the stock were exchanged, compared to its average volume of 1,678,704. The company has a market capitalization of $41.68 billion, a PE ratio of 68.54, a P/E/G ratio of 1.91 and a beta of 0.49. The business's fifty day moving average is $81.10 and its 200 day moving average is $69.94. Wheaton Precious Metals Corp. has a 52 week low of $51.96 and a 52 week high of $91.86.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. Wheaton Precious Metals's revenue for the quarter was up 58.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. Analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared 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. This represents a $0.66 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 48.53%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WPM. CIBC upped their target price on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an "outperformer" rating in a research note on Friday, May 9th. Raymond James upped their price objective on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 15th. Wall Street Zen upgraded Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Scotiabank lifted their target price on Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research report on Monday, April 14th. Finally, BMO Capital Markets assumed coverage on Wheaton Precious Metals in a research report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price target for the company. One research 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 company. According to data from MarketBeat, Wheaton Precious Metals has a consensus rating of "Buy" and an average target price of $85.90.

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.