Northern Trust Corp Has $19.59 Million Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Northern Trust Corp lifted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 24.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 348,264 shares of the company's stock after purchasing an additional 67,816 shares during the period. Northern Trust Corp owned approximately 0.08% of Wheaton Precious Metals worth $19,586,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Wheaton Precious Metals during the fourth quarter worth approximately $20,790,000. Sei Investments Co. boosted its stake in Wheaton Precious Metals by 25.7% in the fourth quarter. Sei Investments Co. now owns 40,769 shares of the company's stock valued at $2,293,000 after acquiring an additional 8,331 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Wheaton Precious Metals by 9.1% in the fourth quarter. Bank of New York Mellon Corp now owns 399,035 shares of the company's stock valued at $22,442,000 after acquiring an additional 33,256 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Wheaton Precious Metals by 5.7% in the fourth quarter. Pacer Advisors Inc. now owns 4,027 shares of the company's stock valued at $226,000 after acquiring an additional 216 shares during the last quarter. Finally, Miracle Mile Advisors LLC bought a new position in Wheaton Precious Metals in the fourth quarter valued at approximately $773,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Trading Up 2.4%

Shares of WPM stock traded up $1.89 during trading hours on Monday, hitting $80.39. 1,383,407 shares of the company were exchanged, compared to its average volume of 1,673,589. The business has a 50 day moving average of $78.87 and a two-hundred day moving average of $68.24. Wheaton Precious Metals Corp. has a 52 week low of $51.96 and a 52 week high of $87.42. The company has a market capitalization of $36.48 billion, a PE ratio of 59.99, a PEG 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $470.41 million during the quarter, compared to the consensus estimate of $446.33 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. The firm's revenue was up 58.4% compared to the same quarter last year. On average, research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio is 48.53%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. BMO Capital Markets started coverage on Wheaton Precious Metals in a research report on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price target on the stock. CIBC upped their price target 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. UBS Group increased their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research report on Friday, April 11th. StockNews.com upgraded shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research note on Wednesday, April 23rd. 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 stock. According to data from MarketBeat, Wheaton Precious Metals 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.