101,970 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Purchased by USS Investment Management Ltd

USS Investment Management Ltd acquired a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 101,970 shares of the company's stock, valued at approximately $5,707,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fielder Capital Group LLC increased its position in shares of Wheaton Precious Metals by 0.7% in the 4th quarter. Fielder Capital Group LLC now owns 24,701 shares of the company's stock valued at $1,389,000 after acquiring an additional 176 shares during the period. Signaturefd LLC increased its holdings in shares of Wheaton Precious Metals by 1.5% in the fourth quarter. Signaturefd LLC now owns 11,877 shares of the company's stock valued at $668,000 after purchasing an additional 178 shares during the period. Merit Financial Group LLC raised its stake in shares of Wheaton Precious Metals by 3.9% in the fourth quarter. Merit Financial Group LLC now owns 4,818 shares of the company's stock worth $271,000 after purchasing an additional 179 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Wheaton Precious Metals by 5.7% in the fourth 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 last quarter. Finally, Orion Portfolio Solutions LLC lifted its holdings in shares of Wheaton Precious Metals by 4.4% during the fourth quarter. Orion Portfolio Solutions LLC now owns 6,120 shares of the company's stock worth $344,000 after purchasing an additional 258 shares during the period. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Down 0.8%

Shares of NYSE:WPM traded down $0.73 during trading on Tuesday, reaching $85.89. 1,199,635 shares of the company's stock traded hands, compared to its average volume of 1,860,014. Wheaton Precious Metals Corp. has a fifty-two week low of $51.96 and a fifty-two week high of $87.42. The company has a 50-day simple moving average of $79.90 and a 200-day simple moving average of $68.97. The firm has a market cap of $38.98 billion, a PE ratio of 64.11, a P/E/G ratio of 1.91 and a beta of 0.49.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.55 EPS for the quarter, beating 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 return on equity of 8.85% and a net margin of 50.05%. Wheaton Precious Metals's quarterly 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. On average, equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Announces Dividend

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

Analyst Upgrades and Downgrades

WPM has been the topic of several research reports. Raymond James increased their price target on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, April 15th. Royal Bank of Canada increased their price objective on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a "sector perform" rating in a research note on Friday, April 4th. CIBC raised their target price on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an "outperformer" rating in a report on Friday, May 9th. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. 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 on the stock. One equities research 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, the company has an average rating of "Buy" and an average price target 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.