Wheaton Precious Metals Corp. (NYSE:WPM) Shares Purchased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd boosted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 4.0% during the first quarter, Holdings Channel.com reports. The firm owned 37,655 shares of the company’s stock after buying an additional 1,435 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Wheaton Precious Metals were worth $2,901,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sei Investments Co. increased its holdings in shares of Wheaton Precious Metals by 25.7% during the 4th quarter. Sei Investments Co. now owns 40,769 shares of the company’s stock worth $2,293,000 after buying an additional 8,331 shares during the last quarter. LPL Financial LLC increased its stake in Wheaton Precious Metals by 12.3% during the fourth quarter. LPL Financial LLC now owns 201,671 shares of the company’s stock worth $11,342,000 after acquiring an additional 22,139 shares during the last quarter. Korea Investment CORP raised its position in Wheaton Precious Metals by 55.8% in the fourth quarter. Korea Investment CORP now owns 294,909 shares of the company’s stock valued at $16,591,000 after purchasing an additional 105,573 shares during the period. Pictet Asset Management Holding SA lifted its stake in shares of Wheaton Precious Metals by 19.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 246,939 shares of the company’s stock valued at $13,892,000 after purchasing an additional 39,572 shares during the last quarter. Finally, Orion Portfolio Solutions LLC lifted its stake in shares of Wheaton Precious Metals by 4.4% in the 4th quarter. Orion Portfolio Solutions LLC now owns 6,120 shares of the company’s stock valued at $344,000 after purchasing an additional 258 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Down 0.0%

NYSE:WPM opened at $94.01 on Monday. The company has a market cap of $42.68 billion, a price-to-earnings ratio of 69.12, a price-to-earnings-growth ratio of 2.64 and a beta of 0.46. Wheaton Precious Metals Corp. has a 52 week low of $53.05 and a 52 week high of $96.83. The company has a fifty day simple moving average of $89.51 and a two-hundred day simple moving average of $78.31.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The firm had revenue of $470.41 million during the quarter, compared to analysts’ expectations of $446.33 million. Wheaton Precious Metals had a return on equity of 10.32% and a net margin of 42.45%. Wheaton Precious Metals’s revenue for the quarter was up 58.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 EPS. On average, analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were paid a dividend of $0.165 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.70%. Wheaton Precious Metals’s payout ratio is 48.53%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on WPM shares. Raymond James Financial boosted their price objective on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, April 15th. CIBC reissued an “outperform” rating on shares of Wheaton Precious Metals in a research note on Tuesday, July 15th. Wall Street Zen upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Scotiabank lifted their target price on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a “sector outperform” rating in a report on Monday, April 14th. Finally, Berenberg Bank upped their price target on Wheaton Precious Metals from $87.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, July 3rd. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $93.00.

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.