Mn Services Vermogensbeheer B.V. Increases Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Mn Services Vermogensbeheer B.V. raised its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 8.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,730 shares of the company’s stock after acquiring an additional 7,200 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Wheaton Precious Metals were worth $4,746,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of WPM. CVA Family Office LLC bought a new position in Wheaton Precious Metals in the fourth quarter worth about $26,000. Atlas Capital Advisors LLC bought a new position in Wheaton Precious Metals during the 4th quarter valued at approximately $29,000. McGlone Suttner Wealth Management Inc. purchased a new position in Wheaton Precious Metals during the fourth quarter valued at $31,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in Wheaton Precious Metals by 54.7% during the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 792 shares of the company’s stock valued at $31,000 after buying an additional 280 shares during the last quarter. Finally, Mechanics Financial Corp boosted its holdings in Wheaton Precious Metals by 200.0% in the third quarter. Mechanics Financial Corp now owns 900 shares of the company’s stock worth $36,000 after acquiring an additional 600 shares in the last quarter. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Stock Up 0.1 %

Shares of WPM stock opened at $51.27 on Wednesday. The stock has a market cap of $23.24 billion, a P/E ratio of 43.08, a PEG ratio of 7.19 and a beta of 0.77. The company’s fifty day simple moving average is $45.46 and its two-hundred day simple moving average is $45.77. Wheaton Precious Metals Corp. has a 52 week low of $38.37 and a 52 week high of $54.30.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, March 14th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $313.47 million during the quarter, compared to analysts’ expectations of $284.29 million. Wheaton Precious Metals had a return on equity of 7.76% and a net margin of 52.92%. On average, analysts anticipate that Wheaton Precious Metals Corp. will post 1.24 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd were paid a $0.155 dividend. The ex-dividend date was Tuesday, April 2nd. This represents a $0.62 annualized dividend and a dividend yield of 1.21%. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. Wheaton Precious Metals’s dividend payout ratio is currently 52.10%.

Wall Street Analysts Forecast Growth

WPM has been the subject of a number of analyst reports. BMO Capital Markets reduced their price objective on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, February 21st. Berenberg Bank boosted their price target on Wheaton Precious Metals from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Scotiabank dropped their price target on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating on the stock in a report on Wednesday, February 28th. TD Securities upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating and raised their price target for the stock from $51.00 to $53.00 in a research note on Monday, March 18th. Finally, CIBC boosted 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. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently 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.