Wealth Enhancement Advisory Services LLC Boosts Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Wealth Enhancement Advisory Services LLC grew its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,047 shares of the company's stock after buying an additional 7,265 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Wheaton Precious Metals were worth $3,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of WPM. Van ECK Associates Corp grew its holdings 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 buying an additional 1,231,999 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Wheaton Precious Metals by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 17,672,518 shares of the company's stock valued at $994,733,000 after acquiring an additional 281,123 shares during the last quarter. FMR LLC boosted its position in shares of Wheaton Precious Metals by 5.9% during the 4th quarter. FMR LLC now owns 15,529,219 shares of the company's stock valued at $873,995,000 after acquiring an additional 863,306 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Wheaton Precious Metals by 5.0% in the fourth quarter. Royal Bank of Canada now owns 9,424,930 shares of the company's stock valued at $530,057,000 after purchasing an additional 447,702 shares in the last quarter. Finally, Norges Bank bought a new stake in Wheaton Precious Metals in the fourth quarter worth $472,648,000. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Trading Down 3.1%

Shares of NYSE WPM traded down $2.88 during trading hours on Friday, reaching $88.71. The stock had a trading volume of 2,541,288 shares, compared to its average volume of 1,682,555. Wheaton Precious Metals Corp. has a 52-week low of $51.96 and a 52-week high of $95.23. The firm has a market cap of $40.26 billion, a price-to-earnings ratio of 66.20, a P/E/G ratio of 1.91 and a beta of 0.46. The business's fifty day moving average price is $82.23 and its two-hundred day moving average price is $70.74.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its 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. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $470.41 million during the quarter, compared to analyst estimates of $446.33 million. During the same period in the previous year, the company posted $0.36 EPS. Wheaton Precious Metals's revenue was up 58.4% on a year-over-year basis. Equities research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed 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. This represents a $0.66 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 48.53%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on WPM shares. CIBC raised their price objective on Wheaton Precious Metals from $95.00 to $105.00 and gave the company an "outperformer" rating in a research note on Friday, May 9th. 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. Raymond James raised their target price 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. BMO Capital Markets initiated coverage on shares of Wheaton Precious Metals in a research note on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price target for the company. Finally, National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $86.90.

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.