United Capital Management of KS Inc. Buys Shares of 9,946 Wheaton Precious Metals Corp. $WPM

United Capital Management of KS Inc. bought a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,946 shares of the company’s stock, valued at approximately $1,169,000.

A number of other institutional investors also recently made changes to their positions in the business. Advisors Asset Management Inc. raised its position in shares of Wheaton Precious Metals by 92.9% in the 4th quarter. Advisors Asset Management Inc. now owns 3,042 shares of the company’s stock valued at $357,000 after purchasing an additional 1,465 shares in the last quarter. Northwest & Ethical Investments L.P. raised its position in shares of Wheaton Precious Metals by 32.2% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 99,388 shares of the company’s stock valued at $11,712,000 after purchasing an additional 24,219 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its position in shares of Wheaton Precious Metals by 8.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,680,169 shares of the company’s stock valued at $195,992,000 after purchasing an additional 124,146 shares in the last quarter. Hohimer Wealth Management LLC acquired a new position in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $2,181,000. Finally, DRW Securities LLC acquired a new position in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $385,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Trading Up 3.0%

Shares of NYSE WPM opened at $116.09 on Friday. Wheaton Precious Metals Corp. has a twelve month low of $85.59 and a twelve month high of $165.76. The company has a market capitalization of $52.72 billion, a price-to-earnings ratio of 29.31, a price-to-earnings-growth ratio of 2.13 and a beta of 0.51. The business has a 50 day simple moving average of $132.81 and a 200-day simple moving average of $131.73.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The business had revenue of $901.47 million during the quarter, compared to the consensus estimate of $868.35 million. During the same period in the previous year, the business earned $0.55 EPS. The business’s quarterly revenue was up 91.7% on a year-over-year basis. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 4.98 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 27th. Wheaton Precious Metals’s payout ratio is 19.70%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WPM shares. TD Cowen upped their target price on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, March 16th. UBS Group raised Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a research report on Friday, March 27th. TD Securities upped their target price on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Wall Street Zen lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Scotiabank upped their target price on Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Thirteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.64.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.