Clearbridge Investments LLC Has $33.86 Million Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Clearbridge Investments LLC grew its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 1.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 686,233 shares of the company’s stock after acquiring an additional 7,308 shares during the quarter. Clearbridge Investments LLC owned about 0.15% of Wheaton Precious Metals worth $33,859,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Parsons Capital Management Inc. RI lifted its holdings in shares of Wheaton Precious Metals by 0.4% during the 3rd quarter. Parsons Capital Management Inc. RI now owns 57,361 shares of the company’s stock worth $2,326,000 after acquiring an additional 250 shares during the period. Transatlantique Private Wealth LLC boosted its holdings in shares of Wheaton Precious Metals by 3.6% in the 3rd quarter. Transatlantique Private Wealth LLC now owns 7,808 shares of the company’s stock valued at $317,000 after purchasing an additional 270 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in shares of Wheaton Precious Metals by 30.8% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,159 shares of the company’s stock valued at $57,000 after purchasing an additional 273 shares during the last quarter. Pekin Hardy Strauss Inc. raised its holdings in shares of Wheaton Precious Metals by 2.1% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 14,691 shares of the company’s stock worth $596,000 after buying an additional 302 shares in the last quarter. Finally, Syon Capital LLC lifted its position in shares of Wheaton Precious Metals by 4.9% during the 4th quarter. Syon Capital LLC now owns 6,575 shares of the company’s stock worth $324,000 after buying an additional 308 shares during the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM opened at $55.69 on Friday. The business’s 50-day moving average is $51.43 and its 200-day moving average is $48.02. Wheaton Precious Metals Corp. has a 1 year low of $38.37 and a 1 year high of $57.87. The company has a market capitalization of $25.25 billion, a price-to-earnings ratio of 42.84, a P/E/G ratio of 2.05 and a beta of 0.75.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results 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 firm had revenue of $296.80 million for the quarter, compared to analyst estimates of $278.95 million. Wheaton Precious Metals had a return on equity of 8.53% and a net margin of 53.74%. The company’s revenue was up 38.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share. Analysts anticipate that Wheaton Precious Metals Corp. will post 1.28 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 29th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 1.11%. The ex-dividend date is Wednesday, May 29th. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 47.69%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. National Bank Financial lowered shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a report on Wednesday, February 21st. Berenberg Bank upped their price target on shares of Wheaton Precious Metals from $54.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday. Scotiabank raised their price objective on Wheaton Precious Metals from $59.00 to $66.50 and gave the company an “outperform” rating in a report on Thursday. CIBC boosted their price objective on Wheaton Precious Metals from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Raymond James reduced their price target on Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating on the stock in a report on Thursday, February 22nd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.