Wheaton Precious Metals Corp. (NYSE:WPM) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 25.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,769 shares of the company’s stock after buying an additional 8,331 shares during the quarter. Sei Investments Co.’s holdings in Wheaton Precious Metals were worth $2,293,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. boosted its position in Wheaton Precious Metals by 5.0% in the 4th quarter. American Century Companies Inc. now owns 615,705 shares of the company’s stock worth $34,629,000 after purchasing an additional 29,147 shares in the last quarter. Beddow Capital Management Inc. boosted its holdings in Wheaton Precious Metals by 7.7% during the fourth quarter. Beddow Capital Management Inc. now owns 102,468 shares of the company’s stock worth $5,763,000 after buying an additional 7,302 shares in the last quarter. Northwest & Ethical Investments L.P. grew its position in Wheaton Precious Metals by 0.6% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 80,507 shares of the company’s stock valued at $4,523,000 after buying an additional 480 shares during the period. Blueshift Asset Management LLC raised its position in shares of Wheaton Precious Metals by 79.5% in the fourth quarter. Blueshift Asset Management LLC now owns 9,432 shares of the company’s stock worth $530,000 after acquiring an additional 4,176 shares during the period. Finally, Magnetar Financial LLC purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter worth about $815,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

WPM has been the subject of several recent analyst reports. Raymond James lifted their price target on Wheaton Precious Metals from $75.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Scotiabank increased their target price on Wheaton Precious Metals from $78.00 to $79.00 and gave the company a “sector outperform” rating in a research report on Monday, March 17th. Finally, Royal Bank of Canada boosted their price target on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a “sector perform” rating in a report on Friday. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Buy” and an average price target of $74.50.

Wheaton Precious Metals Stock Down 9.6 %

Wheaton Precious Metals stock opened at $70.99 on Friday. The company has a fifty day simple moving average of $70.17 and a 200-day simple moving average of $64.28. The firm has a market capitalization of $32.21 billion, a price-to-earnings ratio of 52.98, a PEG ratio of 1.91 and a beta of 0.74. Wheaton Precious Metals Corp. has a 52-week low of $49.41 and a 52-week high of $80.43.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, March 13th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01). The business had revenue of $380.52 million for the quarter, compared to analysts’ expectations of $395.74 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The firm’s revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 EPS. On average, research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.66 dividend on an annualized basis and a yield of 0.93%. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.16. Wheaton Precious Metals’s payout ratio is 56.90%.

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.