Wheaton Precious Metals Corp. (NYSE:WPM) Shares Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lifted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 18.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,352,740 shares of the company’s stock after acquiring an additional 206,169 shares during the quarter. Goldman Sachs Group Inc. owned 0.30% of Wheaton Precious Metals worth $66,744,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WPM. CVA Family Office LLC acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter worth $26,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter worth $31,000. Principal Securities Inc. acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter worth $39,000. Fifth Third Bancorp increased its stake in shares of Wheaton Precious Metals by 230.7% in the fourth quarter. Fifth Third Bancorp now owns 863 shares of the company’s stock worth $43,000 after acquiring an additional 602 shares during the period. Finally, Western Pacific Wealth Management LP increased its stake in shares of Wheaton Precious Metals by 47.6% in the fourth quarter. Western Pacific Wealth Management LP now owns 1,113 shares of the company’s stock worth $55,000 after acquiring an additional 359 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Down 0.5 %

WPM opened at $52.69 on Tuesday. The company has a market cap of $23.88 billion, a price-to-earnings ratio of 40.53, a PEG ratio of 1.91 and a beta of 0.78. Wheaton Precious Metals Corp. has a 52-week low of $38.37 and a 52-week high of $57.87. The firm’s fifty day simple moving average is $54.03 and its two-hundred day simple moving average is $49.09.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.07. The business had revenue of $296.80 million for the quarter, compared to the consensus estimate of $278.95 million. Wheaton Precious Metals had a net margin of 53.74% and a return on equity of 8.53%. The company’s revenue was up 38.7% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share. On average, research analysts forecast that Wheaton Precious Metals Corp. will post 1.29 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th were paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Wednesday, May 29th. Wheaton Precious Metals’s dividend payout ratio is currently 47.69%.

Analyst Upgrades and Downgrades

WPM has been the topic of a number of research reports. National Bank Financial lowered shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 21st. CIBC raised their price target on shares of Wheaton Precious Metals from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, May 22nd. Berenberg Bank raised their price target on shares of Wheaton Precious Metals from $54.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. TD Securities upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and raised their price target for the company from $51.00 to $53.00 in a research report on Monday, March 18th. Finally, BMO Capital Markets raised their price target on shares of Wheaton Precious Metals from $59.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, May 21st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.33.

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.