1,292,200 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership acquired a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,292,200 shares of the company’s stock, valued at approximately $72,657,000. Arrowstreet Capital Limited Partnership owned 0.28% of Wheaton Precious Metals at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Versant Capital Management Inc purchased a new position in shares of Wheaton Precious Metals during the fourth quarter valued at about $29,000. Promus Capital LLC bought a new stake in Wheaton Precious Metals during the 4th quarter valued at approximately $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Wheaton Precious Metals during the 4th quarter worth approximately $38,000. Laurel Wealth Advisors LLC bought a new position in shares of Wheaton Precious Metals in the 4th quarter worth approximately $39,000. Finally, Quintet Private Bank Europe S.A. purchased a new position in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $39,000. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at $77.64 on Tuesday. The company has a market capitalization of $35.22 billion, a price-to-earnings ratio of 57.94, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a one year low of $47.02 and a one year high of $78.10. The company’s 50-day moving average is $68.84 and its 200 day moving average is $63.92.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, March 13th. The company reported $0.44 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 firm had revenue of $380.52 million for the quarter, compared to analysts’ expectations of $395.74 million. During the same quarter in the previous year, the company earned $0.36 EPS. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. As a group, research analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be paid a $0.165 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.66 annualized dividend and a dividend yield of 0.85%. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.16. Wheaton Precious Metals’s payout ratio is currently 56.90%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on WPM shares. Scotiabank upped their price target on Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 17th. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $72.44.

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.