Wellington Management Group LLP Increases Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Wellington Management Group LLP boosted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 98.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 71,667 shares of the company's stock after buying an additional 35,616 shares during the period. Wellington Management Group LLP's holdings in Wheaton Precious Metals were worth $2,922,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. West Family Investments Inc. raised its position in Wheaton Precious Metals by 0.6% in the 2nd quarter. West Family Investments Inc. now owns 43,777 shares of the company's stock valued at $1,892,000 after buying an additional 249 shares during the last quarter. Parsons Capital Management Inc. RI grew its position in Wheaton Precious Metals by 0.4% in the third quarter. Parsons Capital Management Inc. RI now owns 57,361 shares of the company's stock valued at $2,326,000 after purchasing an additional 250 shares in the last quarter. Transatlantique Private Wealth LLC increased its stake in Wheaton Precious Metals by 3.6% in the 3rd quarter. Transatlantique Private Wealth LLC now owns 7,808 shares of the company's stock valued at $317,000 after buying an additional 270 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in Wheaton Precious Metals by 54.7% during the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 792 shares of the company's stock worth $31,000 after buying an additional 280 shares in the last quarter. Finally, Prospera Financial Services Inc boosted its holdings in shares of Wheaton Precious Metals by 2.0% in the 1st quarter. Prospera Financial Services Inc now owns 15,419 shares of the company's stock valued at $743,000 after buying an additional 299 shares during the last quarter. Institutional investors own 70.34% of the company's stock.

Analyst Upgrades and Downgrades

WPM has been the subject of a number of research analyst reports. Berenberg Bank boosted their price objective on Wheaton Precious Metals from $52.00 to $54.00 and gave the stock a "buy" rating in a report on Wednesday. Jefferies Financial Group started coverage on Wheaton Precious Metals in a report on Thursday, February 29th. They set a "buy" rating and a $49.00 target price for the company. BMO Capital Markets decreased their price target on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 21st. Raymond James dropped their price objective on shares of Wheaton Precious Metals from $60.00 to $58.00 and set a "market perform" rating for the company in a research note on Thursday, February 22nd. Finally, CIBC increased their target price on shares of Wheaton Precious Metals from $66.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 7th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Wheaton Precious Metals presently has a consensus rating of "Moderate Buy" and an average price target of $60.81.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock traded up $0.84 during trading hours on Thursday, hitting $47.11. 1,583,993 shares of the company's stock traded hands, compared to its average volume of 2,024,103. The stock has a market capitalization of $21.34 billion, a price-to-earnings ratio of 39.59, a PEG ratio of 11.60 and a beta of 0.76. Wheaton Precious Metals Corp. has a 12-month low of $38.37 and a 12-month high of $52.76. The company has a fifty day simple moving average of $44.56 and a 200-day simple moving average of $45.04.

Wheaton Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Wednesday, April 3rd will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.32%. This is a boost from Wheaton Precious Metals's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, April 2nd. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 50.42%.

Wheaton Precious Metals Company 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 10, 2017. Wheaton Precious Metals Corp.