Intellus Advisors LLC Purchases New Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Intellus Advisors LLC purchased a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 231,785 shares of the company’s stock, valued at approximately $13,036,000. Wheaton Precious Metals accounts for approximately 2.3% of Intellus Advisors LLC’s portfolio, making the stock its 15th largest position. Intellus Advisors LLC owned 0.05% of Wheaton Precious Metals at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Van ECK Associates Corp increased its stake in Wheaton Precious Metals by 6.4% during the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock valued at $1,154,843,000 after purchasing an additional 1,231,999 shares in the last quarter. FMR LLC increased its stake in Wheaton Precious Metals by 33.7% during the 3rd quarter. FMR LLC now owns 14,665,913 shares of the company’s stock valued at $895,723,000 after purchasing an additional 3,692,594 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Wheaton Precious Metals by 22.5% in the third quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock worth $211,207,000 after acquiring an additional 634,843 shares during the period. Horizon Kinetics Asset Management LLC grew its stake in shares of Wheaton Precious Metals by 6.4% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 2,931,246 shares of the company’s stock worth $164,853,000 after acquiring an additional 177,071 shares during the period. Finally, National Bank of Canada FI grew its stake in shares of Wheaton Precious Metals by 21.3% in the third quarter. National Bank of Canada FI now owns 2,923,402 shares of the company’s stock worth $178,551,000 after acquiring an additional 513,890 shares during the period. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Trading Down 0.7 %

Shares of NYSE WPM opened at $75.02 on Friday. Wheaton Precious Metals Corp. has a 12-month low of $44.57 and a 12-month high of $77.44. The firm has a market capitalization of $34.03 billion, a price-to-earnings ratio of 55.98, a price-to-earnings-growth ratio of 1.91 and a beta of 0.76. The firm has a 50 day moving average of $66.57 and a 200 day moving average of $63.17.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate 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 period in the prior year, the firm earned $0.36 EPS. Wheaton Precious Metals’s revenue for the quarter was up 21.4% compared to the same quarter last year. Sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.66 annualized dividend and a yield of 0.88%. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.16. Wheaton Precious Metals’s payout ratio is currently 49.25%.

Wall Street Analysts Forecast Growth

WPM has been the subject of a number of research analyst reports. Scotiabank lifted their price target on shares of 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 report on Tuesday, February 4th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $72.44.

Wheaton Precious Metals 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.