J.W. Cole Advisors Inc. Purchases 699 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

J.W. Cole Advisors Inc. grew its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,248 shares of the company’s stock after acquiring an additional 699 shares during the period. J.W. Cole Advisors Inc.’s holdings in Wheaton Precious Metals were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Parsons Capital Management Inc. RI raised its stake in shares of Wheaton Precious Metals by 0.4% during the third quarter. Parsons Capital Management Inc. RI now owns 57,361 shares of the company’s stock worth $2,326,000 after buying an additional 250 shares during the last quarter. Transatlantique Private Wealth LLC raised its stake in shares of Wheaton Precious Metals by 3.6% during the third quarter. Transatlantique Private Wealth LLC now owns 7,808 shares of the company’s stock worth $317,000 after buying an additional 270 shares during the last quarter. Pekin Hardy Strauss Inc. raised its stake in shares of Wheaton Precious Metals by 2.1% during the third quarter. Pekin Hardy Strauss Inc. now owns 14,691 shares of the company’s stock worth $596,000 after buying an additional 302 shares during the last quarter. Newbridge Financial Services Group Inc. raised its stake in shares of Wheaton Precious Metals by 38.6% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,178 shares of the company’s stock worth $48,000 after buying an additional 328 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of Wheaton Precious Metals by 3.2% during the third quarter. Signaturefd LLC now owns 11,562 shares of the company’s stock worth $469,000 after buying an additional 363 shares during the last quarter. 70.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WPM has been the subject of a number of recent research reports. TD Securities raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and boosted their price target for the stock from $51.00 to $53.00 in a research note on Monday, March 18th. Jefferies Financial Group boosted their price objective on shares of Wheaton Precious Metals from $52.00 to $61.00 and gave the company a “buy” rating in a report on Monday. Berenberg Bank boosted their price objective on shares of Wheaton Precious Metals from $52.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Scotiabank decreased their price objective on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating for the company in a report on Wednesday, February 28th. Finally, BMO Capital Markets decreased their price objective on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating for the company in a report on Wednesday, February 21st. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.32.

Wheaton Precious Metals Trading Up 0.1 %

NYSE WPM opened at $52.55 on Thursday. The firm’s fifty day moving average price is $46.17 and its two-hundred day moving average price is $46.24. Wheaton Precious Metals Corp. has a 1 year low of $38.37 and a 1 year high of $54.30. The firm has a market capitalization of $23.82 billion, a P/E ratio of 44.16, a price-to-earnings-growth ratio of 7.36 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, March 14th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.76%. The firm had revenue of $313.47 million for the quarter, compared to analyst estimates of $284.29 million. On average, research analysts anticipate that Wheaton Precious Metals Corp. will post 1.21 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd were given a $0.155 dividend. The ex-dividend date of this dividend was Tuesday, April 2nd. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a dividend yield of 1.18%. Wheaton Precious Metals’s dividend payout ratio is presently 52.10%.

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.