Sumitomo Mitsui Trust Holdings Inc. Has $63.91 Million Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,291,128 shares of the company’s stock after buying an additional 2,773 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Wheaton Precious Metals were worth $63,906,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WPM. CVA Family Office LLC acquired a new position in Wheaton Precious Metals during the 4th quarter worth about $26,000. Atlas Capital Advisors LLC acquired a new position in Wheaton Precious Metals during the 4th quarter worth about $29,000. McGlone Suttner Wealth Management Inc. acquired a new position in Wheaton Precious Metals during the 4th quarter worth about $31,000. 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, Mechanics Financial Corp lifted its position in Wheaton Precious Metals by 200.0% during the 3rd quarter. Mechanics Financial Corp now owns 900 shares of the company’s stock worth $36,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM opened at $52.69 on Friday. The company has a market capitalization of $23.88 billion, a price-to-earnings ratio of 44.28, a P/E/G ratio of 7.23 and a beta of 0.77. The firm’s 50 day simple moving average is $45.72 and its 200 day simple moving average is $45.87. Wheaton Precious Metals Corp. has a fifty-two week low of $38.37 and a fifty-two week high of $54.30.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Thursday, March 14th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The business had revenue of $313.47 million for the quarter, compared to the consensus estimate of $284.29 million. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.76%. Equities research analysts expect that Wheaton Precious Metals Corp. will post 1.24 earnings per share for the current year.

Wheaton Precious Metals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, April 3rd were issued a dividend of $0.155 per share. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a yield of 1.18%. The ex-dividend date was Tuesday, April 2nd. Wheaton Precious Metals’s dividend payout ratio (DPR) is 52.10%.

Analysts Set New Price Targets

Several research analysts recently issued reports on WPM shares. Berenberg Bank upped their price target on shares of Wheaton Precious Metals from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. National Bank Financial downgraded shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 21st. CIBC upped their target price on shares of Wheaton Precious Metals from $66.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Jefferies Financial Group assumed coverage on shares of Wheaton Precious Metals in a research report on Thursday, February 29th. They set a “buy” rating and a $49.00 target price on the stock. Finally, TD Securities upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and upped their target price for the company from $51.00 to $53.00 in a research report on Monday, March 18th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.63.

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 2017. Wheaton Precious Metals Corp.