Mufg Securities Canada LTD. Acquires 290,192 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Mufg Securities Canada LTD. increased its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 72.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 692,766 shares of the company’s stock after acquiring an additional 290,192 shares during the quarter. Wheaton Precious Metals makes up about 1.4% of Mufg Securities Canada LTD.’s holdings, making the stock its 19th largest position. Mufg Securities Canada LTD. owned about 0.15% of Wheaton Precious Metals worth $38,968,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Mark Sheptoff Financial Planning LLC grew its position in Wheaton Precious Metals by 109.1% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 2,300 shares of the company’s stock valued at $129,000 after buying an additional 1,200 shares during the period. TD Asset Management Inc. grew its position in shares of Wheaton Precious Metals by 9.6% during the 4th quarter. TD Asset Management Inc. now owns 7,156,818 shares of the company’s stock valued at $402,627,000 after acquiring an additional 629,743 shares during the period. Vanguard Group Inc. increased its stake in shares of Wheaton Precious Metals by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 17,672,518 shares of the company’s stock worth $994,733,000 after purchasing an additional 281,123 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Wheaton Precious Metals by 12.3% in the 4th quarter. LPL Financial LLC now owns 201,671 shares of the company’s stock worth $11,342,000 after purchasing an additional 22,139 shares during the period. Finally, Fox Run Management L.L.C. purchased a new position in Wheaton Precious Metals in the fourth quarter valued at approximately $1,024,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

WPM has been the topic of several research reports. Scotiabank boosted their target price on Wheaton Precious Metals from $78.00 to $79.00 and gave the company a “sector outperform” rating in a research note on Monday, March 17th. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Buy” and a consensus price target of $72.44.

Wheaton Precious Metals Trading Up 1.4 %

Wheaton Precious Metals stock opened at $75.96 on Wednesday. The firm’s 50 day simple moving average is $67.33 and its 200 day simple moving average is $63.45. Wheaton Precious Metals Corp. has a 1-year low of $44.57 and a 1-year high of $77.44. The firm has a market capitalization of $34.46 billion, a PE ratio of 56.69, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, March 13th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business had revenue of $380.52 million for the quarter, compared to the consensus estimate of $395.74 million. During the same quarter last year, the business posted $0.36 EPS. The business’s revenue was up 21.4% compared to the same quarter last year. Research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.165 per share. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Tuesday, April 1st. Wheaton Precious Metals’s dividend payout ratio (DPR) is 56.90%.

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.