J. Safra Sarasin Holding AG Acquires 5,314 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

J. Safra Sarasin Holding AG grew its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 52.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,484 shares of the company's stock after purchasing an additional 5,314 shares during the period. J. Safra Sarasin Holding AG's holdings in Wheaton Precious Metals were worth $871,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Versant Capital Management Inc purchased a new position in Wheaton Precious Metals during the 4th quarter worth approximately $29,000. Promus Capital LLC acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Wheaton Precious Metals during the fourth quarter valued at $38,000. Laurel Wealth Advisors LLC purchased a new stake in Wheaton Precious Metals in the 4th quarter worth about $39,000. Finally, Quintet Private Bank Europe S.A. purchased a new stake in Wheaton Precious Metals in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Price Performance

Shares of NYSE WPM traded down $0.51 during trading hours on Tuesday, hitting $81.56. 575,811 shares of the stock were exchanged, compared to its average volume of 1,644,284. Wheaton Precious Metals Corp. has a one year low of $51.80 and a one year high of $87.42. The company's 50 day moving average is $75.33 and its 200 day moving average is $66.59. The firm has a market capitalization of $37.01 billion, a P/E ratio of 60.91, a P/E/G ratio of 1.91 and a beta of 0.74.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $380.52 million during the quarter, compared to analyst estimates of $395.74 million. During the same period last year, the business earned $0.36 EPS. The business's quarterly revenue was up 21.4% compared to the same quarter last year. Research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Tuesday, April 1st were paid a dividend of $0.165 per share. This is a boost from Wheaton Precious Metals's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Tuesday, April 1st. Wheaton Precious Metals's dividend payout ratio is presently 56.90%.

Analysts Set New Price Targets

WPM has been the topic of a number of research reports. UBS Group upped their target price on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a report on Friday, April 11th. BMO Capital Markets started coverage on shares of Wheaton Precious Metals in a research note on Wednesday, April 16th. They set an "outperform" rating and a $129.00 target price for the company. Royal Bank of Canada boosted 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. National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. Finally, Scotiabank upped their target price on 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. 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, the company currently has an average rating of "Buy" and a consensus price target 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.