Russell Investments Group Ltd. Grows Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Russell Investments Group Ltd. grew its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 26.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 809,294 shares of the company's stock after acquiring an additional 166,757 shares during the quarter. Russell Investments Group Ltd. owned about 0.18% of Wheaton Precious Metals worth $40,048,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Meixler Investment Management Ltd. increased its holdings in shares of Wheaton Precious Metals by 4.1% during the fourth quarter. Meixler Investment Management Ltd. now owns 10,628 shares of the company's stock valued at $524,000 after acquiring an additional 415 shares in the last quarter. Bryn Mawr Capital Management LLC purchased a new position in shares of Wheaton Precious Metals during the fourth quarter valued at approximately $1,509,000. Syon Capital LLC boosted its position in Wheaton Precious Metals by 4.9% in the fourth quarter. Syon Capital LLC now owns 6,575 shares of the company's stock worth $324,000 after purchasing an additional 308 shares during the last quarter. Significant Wealth Partners LLC purchased a new position in Wheaton Precious Metals in the fourth quarter worth $665,000. Finally, Duality Advisers LP boosted its position in Wheaton Precious Metals by 114.7% in the fourth quarter. Duality Advisers LP now owns 48,342 shares of the company's stock worth $2,385,000 after purchasing an additional 25,823 shares during the last quarter. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Stock Down 2.7 %

Shares of Wheaton Precious Metals stock traded down $1.42 during trading on Tuesday, hitting $52.14. 2,010,079 shares of the stock traded hands, compared to its average volume of 2,141,566. The stock has a market cap of $23.64 billion, a price-to-earnings ratio of 43.87, a PEG ratio of 7.32 and a beta of 0.77. Wheaton Precious Metals Corp. has a 52 week low of $38.37 and a 52 week high of $54.45. The firm's fifty day moving average is $46.91 and its 200-day moving average is $46.59.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings data on Thursday, March 14th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. Wheaton Precious Metals had a return on equity of 7.76% and a net margin of 52.92%. The business had revenue of $313.47 million during the quarter, compared to analysts' expectations of $284.29 million. On average, analysts forecast that Wheaton Precious Metals Corp. will post 1.25 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, April 3rd were given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Tuesday, April 2nd. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.15. Wheaton Precious Metals's dividend payout ratio (DPR) is 52.10%.

Analysts Set New Price Targets

A number of brokerages have recently commented on WPM. Jefferies Financial Group upped their price target on Wheaton Precious Metals from $52.00 to $61.00 and gave the company a "buy" rating in a research report on Monday, April 22nd. National Bank Financial cut Wheaton Precious Metals from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, February 21st. Scotiabank dropped their price target on Wheaton Precious Metals from $60.00 to $59.00 and set a "sector outperform" rating on the stock in a research report on Wednesday, February 28th. Raymond James dropped their price target on Wheaton Precious Metals from $60.00 to $58.00 and set a "market perform" rating on the stock in a research report on Thursday, February 22nd. Finally, CIBC boosted their price objective on Wheaton Precious Metals from $66.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $59.32.

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.