Wheaton Precious Metals Corp. (NYSE:WPM) Stock Position Increased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 8.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,604 shares of the company’s stock after buying an additional 2,640 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Wheaton Precious Metals were worth $2,002,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Wheaton Precious Metals in the 4th quarter worth approximately $20,790,000. Sei Investments Co. increased its holdings in shares of Wheaton Precious Metals by 25.7% in the fourth quarter. Sei Investments Co. now owns 40,769 shares of the company’s stock valued at $2,293,000 after buying an additional 8,331 shares in the last quarter. CWA Asset Management Group LLC boosted its stake in shares of Wheaton Precious Metals by 19.7% during the 4th quarter. CWA Asset Management Group LLC now owns 163,514 shares of the company’s stock worth $9,196,000 after acquiring an additional 26,924 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Wheaton Precious Metals by 9.1% in the 4th quarter. Bank of New York Mellon Corp now owns 399,035 shares of the company’s stock worth $22,442,000 after acquiring an additional 33,256 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Wheaton Precious Metals by 5.7% during the fourth quarter. Pacer Advisors Inc. now owns 4,027 shares of the company’s stock worth $226,000 after purchasing an additional 216 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

NYSE:WPM opened at $84.16 on Monday. The company has a market capitalization of $38.18 billion, a P/E ratio of 62.81, a P/E/G ratio of 1.91 and a beta of 0.74. The stock’s 50 day moving average price is $73.63 and its 200 day moving average price is $65.64. Wheaton Precious Metals Corp. has a 52 week low of $50.91 and a 52 week high of $86.20.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, March 13th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01). The business had revenue of $380.52 million during the quarter, compared to analyst estimates of $395.74 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 EPS. As a group, sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Tuesday, April 1st were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.78%. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, April 1st. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 56.90%.

Wall Street Analyst Weigh In

Several research firms have issued reports on WPM. UBS Group boosted their price objective on Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a “buy” rating in a report on Friday, April 11th. Royal Bank of Canada upped 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 research report on Friday, April 4th. Raymond James lifted their price objective on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 15th. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, BMO Capital Markets initiated coverage on Wheaton Precious Metals in a report on Wednesday, April 16th. They set an “outperform” rating and a $129.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $83.40.

Wheaton Precious Metals 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.