Wealth Enhancement Advisory Services LLC Has $3.27 Million Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Wealth Enhancement Advisory Services LLC raised its holdings 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,047 shares of the company's stock after acquiring an additional 7,265 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Wheaton Precious Metals were worth $3,265,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Promus Capital LLC acquired a new stake in Wheaton Precious Metals in the 4th quarter worth approximately $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Wheaton Precious Metals in the 4th quarter worth approximately $38,000. Quintet Private Bank Europe S.A. acquired a new stake in Wheaton Precious Metals in the 4th quarter worth approximately $39,000. Headlands Technologies LLC lifted its holdings in Wheaton Precious Metals by 494.9% in the 4th quarter. Headlands Technologies LLC now owns 696 shares of the company's stock worth $39,000 after purchasing an additional 579 shares during the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new stake in Wheaton Precious Metals in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Stock Down 1.3%

NYSE:WPM traded down $1.16 during trading hours on Thursday, reaching $91.59. The company had a trading volume of 2,642,685 shares, compared to its average volume of 1,680,046. The stock has a 50-day moving average of $81.72 and a two-hundred day moving average of $70.25. The firm has a market capitalization of $41.57 billion, a PE ratio of 68.35, a PEG ratio of 1.91 and a beta of 0.49. Wheaton Precious Metals Corp. has a one year low of $51.96 and a one year high of $95.18.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.55 EPS 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 analysts' expectations of $446.33 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business's revenue for the quarter was up 58.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 earnings per share. As a group, sell-side analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend 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 Ratings Changes

Several research firms recently weighed in on WPM. BMO Capital Markets started coverage on Wheaton Precious Metals in a report on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 target price for the company. National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. Royal Bank of Canada upped their price target on Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a report on Wednesday. Raymond James upped their price target on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, April 15th. Finally, UBS Group upped their price target 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 research analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $86.90.

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.