Tower Research Capital LLC TRC Buys 9,460 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Tower Research Capital LLC TRC grew its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 355.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,121 shares of the company's stock after acquiring an additional 9,460 shares during the period. Tower Research Capital LLC TRC's holdings in Wheaton Precious Metals were worth $682,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fielder Capital Group LLC grew its position in shares of Wheaton Precious Metals by 0.7% in the 4th quarter. Fielder Capital Group LLC now owns 24,701 shares of the company's stock valued at $1,389,000 after acquiring an additional 176 shares during the period. Signaturefd LLC increased its position in Wheaton Precious Metals by 1.5% during the fourth quarter. Signaturefd LLC now owns 11,877 shares of the company's stock worth $668,000 after buying an additional 178 shares during the last quarter. Merit Financial Group LLC raised its stake in 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 buying an additional 179 shares during the period. Principal Financial Group Inc. lifted its position in shares of Wheaton Precious Metals by 1.0% in the third quarter. Principal Financial Group Inc. now owns 19,761 shares of the company's stock valued at $1,208,000 after buying an additional 196 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of 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. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Stock Down 0.3 %

Shares of WPM traded down $0.27 during trading hours on Friday, hitting $80.84. 1,389,093 shares of the company were exchanged, compared to its average volume of 1,650,622. Wheaton Precious Metals Corp. has a fifty-two week low of $51.96 and a fifty-two week high of $87.42. The firm's fifty day moving average is $76.36 and its 200 day moving average is $67.11. The company has a market cap of $36.68 billion, a price-to-earnings 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 issued its earnings results on Thursday, March 13th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The firm had revenue of $380.52 million during the quarter, compared to analyst estimates of $395.74 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Wheaton Precious Metals's quarterly revenue was up 21.4% compared to the same quarter last year. Analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis 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 (DPR) is currently 56.90%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BMO Capital Markets started coverage on Wheaton Precious Metals in a report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price target for the company. Scotiabank lifted their target price on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a report on Monday, April 14th. Royal Bank of Canada increased their price target on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a report on Friday, April 4th. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, Raymond James increased their target price on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 15th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Wheaton Precious Metals currently has a consensus 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.