4,335 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Acquired by Total Wealth Planning & Management Inc.

Total Wealth Planning & Management Inc. acquired a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,335 shares of the company's stock, valued at approximately $244,000.

A number of other large investors have also made changes to their positions in the stock. Barclays PLC raised its holdings in Wheaton Precious Metals by 9.9% in the 3rd quarter. Barclays PLC now owns 315,914 shares of the company's stock valued at $19,297,000 after acquiring an additional 28,485 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Wheaton Precious Metals during the fourth quarter valued at approximately $54,000. PFG Investments LLC raised its stake in shares of Wheaton Precious Metals by 1.8% in the fourth quarter. PFG Investments LLC now owns 22,343 shares of the company's stock valued at $1,257,000 after purchasing an additional 393 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its position in Wheaton Precious Metals by 44.3% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 6,576 shares of the company's stock worth $370,000 after purchasing an additional 2,019 shares during the period. Finally, Blue Trust Inc. boosted its stake in Wheaton Precious Metals by 5.4% during the fourth quarter. Blue Trust Inc. now owns 9,471 shares of the company's stock worth $578,000 after buying an additional 484 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WPM. Raymond James increased their price objective on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, April 15th. National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. Stifel Canada upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. BMO Capital Markets began coverage on Wheaton Precious Metals in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price objective on the stock. Finally, UBS Group increased their target price on Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a report on Friday, April 11th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Wheaton Precious Metals currently has an average rating of "Buy" and an average price target of $85.90.

Wheaton Precious Metals Trading Down 0.0%

WPM stock traded down $0.03 during trading on Thursday, hitting $86.14. 976,289 shares of the stock traded hands, compared to its average volume of 1,678,764. Wheaton Precious Metals Corp. has a one year low of $51.96 and a one year high of $87.42. The stock has a market cap of $39.09 billion, a price-to-earnings ratio of 64.29, a P/E/G ratio of 1.91 and a beta of 0.49. The company has a 50 day simple moving average of $80.55 and a 200 day simple moving average of $69.38.

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 (EPS) 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 firm had revenue of $470.41 million during the quarter, compared to the consensus estimate of $446.33 million. During the same period last year, the firm posted $0.36 EPS. The firm's quarterly revenue was up 58.4% on a year-over-year basis. As a group, analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio is currently 48.53%.

About Wheaton Precious Metals

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.