Union Bancaire Privee UBP SA Purchases Shares of 14,744 Wheaton Precious Metals Corp. (NYSE:WPM)

Union Bancaire Privee UBP SA acquired a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 14,744 shares of the company’s stock, valued at approximately $791,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. increased its position in Wheaton Precious Metals by 5.4% in the fourth quarter. Blue Trust Inc. now owns 9,471 shares of the company’s stock worth $578,000 after purchasing an additional 484 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its position in Wheaton Precious Metals by 44.3% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 6,576 shares of the company’s stock valued at $370,000 after purchasing an additional 2,019 shares during the last quarter. PFG Investments LLC increased its holdings in shares of Wheaton Precious Metals by 1.8% in the 4th quarter. PFG Investments LLC now owns 22,343 shares of the company’s stock worth $1,257,000 after buying an additional 393 shares during the last quarter. Jamison Private Wealth Management Inc. raised its position in shares of Wheaton Precious Metals by 23.0% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 4,093 shares of the company’s stock valued at $230,000 after buying an additional 766 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in shares of Wheaton Precious Metals in the 4th quarter valued at about $54,000. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Trading Up 2.0 %

Shares of WPM opened at $60.40 on Wednesday. The firm has a fifty day moving average price of $59.39 and a 200-day moving average price of $60.61. The firm has a market capitalization of $27.40 billion, a P/E ratio of 45.07, a P/E/G ratio of 1.29 and a beta of 0.76. Wheaton Precious Metals Corp. has a 12-month low of $38.57 and a 12-month high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $308.25 million during the quarter, compared to analysts’ expectations of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same period in the previous year, the company earned $0.27 EPS. Analysts predict that Wheaton Precious Metals Corp. will post 1.45 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.155 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.62 annualized dividend and a yield of 1.03%. Wheaton Precious Metals’s payout ratio is currently 46.27%.

Analysts Set New Price Targets

Several brokerages have weighed in on WPM. Raymond James boosted their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Jefferies Financial Group increased their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, October 4th. UBS Group began coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They set a “buy” rating and a $78.00 price objective for the company. Finally, TD Securities raised their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Moderate Buy” and an average target price of $71.67.

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.