Fiduciary Family Office LLC Acquires New Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Fiduciary Family Office LLC purchased a new position in Wheaton Precious Metals Corp. (NYSE:WPM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,479 shares of the company’s stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Merit Financial Group LLC grew its stake in shares of Wheaton Precious Metals by 3.9% in the fourth quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock worth $271,000 after purchasing an additional 179 shares during the last quarter. Insigneo Advisory Services LLC grew its position in shares of Wheaton Precious Metals by 2.2% in the 3rd quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock worth $522,000 after buying an additional 187 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Wheaton Precious Metals by 1.0% during the third quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock valued at $1,208,000 after buying an additional 196 shares during the period. Vontobel Holding Ltd. lifted its position in shares of Wheaton Precious Metals by 0.6% in the 3rd quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company’s stock worth $2,110,000 after purchasing an additional 197 shares during the period. Finally, Arkadios Wealth Advisors lifted its holdings in Wheaton Precious Metals by 1.0% in the third quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company’s stock worth $1,318,000 after buying an additional 210 shares during the period. Institutional investors own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

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

Wheaton Precious Metals Stock Down 0.8 %

Shares of WPM opened at $58.97 on Thursday. The stock’s 50-day moving average price is $59.45 and its 200-day moving average price is $60.54. The company has a market capitalization of $26.75 billion, a price-to-earnings ratio of 44.01, a PEG ratio of 1.30 and a beta of 0.76. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last posted 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 firm had revenue of $308.25 million for the quarter, compared to the consensus estimate of $324.57 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. During the same quarter in the previous year, the business earned $0.27 EPS. As a group, equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.45 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals’s payout ratio is currently 46.27%.

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.