Wheaton Precious Metals Corp. (NYSE:WPM) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,593,707 shares of the company's stock after acquiring an additional 137,477 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.79% of Wheaton Precious Metals worth $202,459,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fielder Capital Group LLC increased its stake in Wheaton Precious Metals by 0.7% during the 4th quarter. Fielder Capital Group LLC now owns 24,701 shares of the company's stock valued at $1,389,000 after purchasing an additional 176 shares in the last quarter. Signaturefd LLC increased its position in shares of Wheaton Precious Metals by 1.5% in the 4th quarter. Signaturefd LLC now owns 11,877 shares of the company's stock valued at $668,000 after acquiring an additional 178 shares during the period. Merit Financial Group LLC increased its position in shares of Wheaton Precious Metals by 3.9% in the 4th quarter. Merit Financial Group LLC now owns 4,818 shares of the company's stock valued at $271,000 after acquiring an additional 179 shares during the period. Principal Financial Group Inc. raised its stake in Wheaton Precious Metals by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company's stock worth $1,208,000 after acquiring an additional 196 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in Wheaton Precious Metals by 5.7% during the 4th quarter. Pacer Advisors Inc. now owns 4,027 shares of the company's stock worth $226,000 after acquiring an additional 216 shares during the period. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Down 0.3 %

Shares of NYSE:WPM traded down $0.27 during trading on Friday, reaching $80.84. 1,389,093 shares of the company's stock traded hands, compared to its average volume of 1,651,172. Wheaton Precious Metals Corp. has a fifty-two week low of $51.96 and a fifty-two week high of $87.42. The company has a 50-day simple moving average of $76.36 and a 200-day simple moving average of $67.08. The firm has a market cap of $36.68 billion, a PE ratio of 60.33, a P/E/G ratio of 1.91 and a beta of 0.49.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). The business had revenue of $380.52 million for the quarter, compared to analyst estimates of $395.74 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The company's quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 earnings per share. On average, equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Tuesday, April 1st were 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 of this dividend was Tuesday, April 1st. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.16. Wheaton Precious Metals's dividend payout ratio is 56.90%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on WPM shares. BMO Capital Markets assumed coverage on Wheaton Precious Metals in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price objective for the company. Scotiabank raised their price target on shares of 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. Stifel Canada raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. UBS Group raised their target price on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. One analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $83.40.

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.