4,473 Shares in Wheaton Precious Metals Corp. $WPM Bought by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC purchased a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,473 shares of the company’s stock, valued at approximately $526,000.

Several other institutional investors have also recently made changes to their positions in the stock. Varma Mutual Pension Insurance Co grew its stake in Wheaton Precious Metals by 8.5% in the third quarter. Varma Mutual Pension Insurance Co now owns 207,358 shares of the company’s stock valued at $23,210,000 after acquiring an additional 16,300 shares during the period. TD Asset Management Inc raised its position in shares of Wheaton Precious Metals by 3.5% during the third quarter. TD Asset Management Inc now owns 7,252,054 shares of the company’s stock worth $811,726,000 after purchasing an additional 244,027 shares during the period. Sprott Inc. raised its position in shares of Wheaton Precious Metals by 3.0% during the third quarter. Sprott Inc. now owns 1,151,886 shares of the company’s stock worth $128,928,000 after purchasing an additional 33,076 shares during the period. LBP AM SA lifted its holdings in shares of Wheaton Precious Metals by 632.2% in the 4th quarter. LBP AM SA now owns 119,855 shares of the company’s stock worth $14,085,000 after purchasing an additional 103,485 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC acquired a new stake in Wheaton Precious Metals in the 4th quarter valued at $2,052,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

NYSE WPM opened at $128.54 on Friday. The company has a fifty day moving average price of $134.37 and a 200-day moving average price of $131.45. The firm has a market cap of $58.37 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 2.36 and a beta of 0.51. Wheaton Precious Metals Corp. has a 1 year low of $85.59 and a 1 year high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. The business had revenue of $901.47 million during the quarter, compared to the consensus estimate of $868.35 million. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The firm’s quarterly revenue was up 91.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS. On average, research analysts anticipate that Wheaton Precious Metals Corp. will post 4.98 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio is currently 19.70%.

Analyst Ratings Changes

A number of brokerages have commented on WPM. TD Securities boosted their price target on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Scotiabank lifted their price objective on shares of Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Wall Street Zen downgraded shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. TD Cowen upped their target price on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Finally, Zacks Research cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Thirteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.