Vise Technologies Inc. Increases Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Vise Technologies Inc. lifted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 102.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,587 shares of the company's stock after purchasing an additional 4,351 shares during the period. Vise Technologies Inc.'s holdings in Wheaton Precious Metals were worth $483,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of WPM. Norges Bank purchased a new stake in Wheaton Precious Metals during the 4th quarter valued at about $472,648,000. Capital International Investors purchased a new stake in Wheaton Precious Metals during the 4th quarter valued at about $263,810,000. Arrowstreet Capital Limited Partnership purchased a new stake in Wheaton Precious Metals during the 4th quarter valued at about $72,657,000. Van ECK Associates Corp grew its stake 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 acquiring an additional 1,231,999 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in Wheaton Precious Metals by 1,321.7% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,221,522 shares of the company's stock valued at $68,720,000 after acquiring an additional 1,135,603 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. UBS Group upped their price objective on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research note on Friday, April 11th. 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. National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a research note on Wednesday, April 23rd. CIBC increased their price target on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the company an "outperformer" rating in a research note on Friday, May 9th. Finally, Stifel Canada raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $85.90.

Wheaton Precious Metals Price Performance

Shares of WPM stock traded up $0.78 during trading hours on Friday, hitting $86.84. The company had a trading volume of 1,865,550 shares, compared to its average volume of 1,674,648. The company's fifty day moving average is $80.76 and its 200 day moving average is $69.64. Wheaton Precious Metals Corp. has a fifty-two week low of $51.96 and a fifty-two week high of $87.42. The stock has a market capitalization of $39.41 billion, a PE ratio of 64.81, a price-to-earnings-growth 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, topping the consensus estimate of $0.50 by $0.05. The firm 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%. The business's revenue for the quarter was up 58.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.36 EPS. Equities analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $0.165 per share. 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 0.76%. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 48.53%.

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.