Janus Henderson Group PLC Purchases 107,413 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Janus Henderson Group PLC boosted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 130.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189,957 shares of the company's stock after acquiring an additional 107,413 shares during the quarter. Janus Henderson Group PLC's holdings in Wheaton Precious Metals were worth $10,674,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WPM. Barclays PLC increased its position in shares of Wheaton Precious Metals by 9.9% during the third quarter. Barclays PLC now owns 315,914 shares of the company's stock worth $19,297,000 after buying an additional 28,485 shares during the period. Decker Retirement Planning Inc. acquired a new position in shares of Wheaton Precious Metals during the fourth quarter worth approximately $282,000. Avanza Fonder AB bought a new stake in shares of Wheaton Precious Metals during the fourth quarter worth about $2,455,000. Merit Financial Group LLC lifted its holdings 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 valued at $271,000 after purchasing an additional 179 shares in the last quarter. Finally, Ameritas Advisory Services LLC grew its stake in shares of Wheaton Precious Metals by 10.6% in the 4th quarter. Ameritas Advisory Services LLC now owns 9,343 shares of the company's stock worth $525,000 after acquiring an additional 897 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Up 3.3%

Shares of Wheaton Precious Metals stock traded up $2.65 during trading on Tuesday, reaching $83.01. The company's stock had a trading volume of 1,495,774 shares, compared to its average volume of 1,672,882. The company has a market cap of $37.67 billion, a price-to-earnings ratio of 61.95, a PEG ratio of 1.91 and a beta of 0.49. The firm's 50-day moving average is $78.87 and its two-hundred day moving average is $68.24. Wheaton Precious Metals Corp. has a 52-week low of $51.96 and a 52-week high of $87.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, topping 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 firm had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. During the same period last year, the company earned $0.36 EPS. The business's quarterly revenue was up 58.4% compared to the same quarter last year. On average, equities research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS 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. Investors of record on Wednesday, May 28th will be given a dividend of $0.165 per share. The ex-dividend date is Wednesday, May 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.80%. Wheaton Precious Metals's dividend payout ratio is presently 48.53%.

Analysts Set New Price Targets

WPM has been the topic of several recent analyst reports. Royal Bank of Canada lifted their target price on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a "sector perform" rating in a research report on Friday, April 4th. Scotiabank boosted their price objective on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a research report on Monday, April 14th. UBS Group lifted their target price on Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Stifel Canada upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Wednesday, April 23rd. One research 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. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $85.90.

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.