Physician Wealth Advisors Inc. Buys Shares of 1,962 Wheaton Precious Metals Corp. (NYSE:WPM)

Physician Wealth Advisors Inc. purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the 4th quarter, Holdings Channel.com reports. The firm purchased 1,962 shares of the company’s stock, valued at approximately $110,000.

Other hedge funds have also recently modified their holdings of the company. Cerity Partners LLC increased its stake in Wheaton Precious Metals by 31.3% in the 3rd quarter. Cerity Partners LLC now owns 17,290 shares of the company’s stock valued at $1,056,000 after buying an additional 4,124 shares during the period. Icon Wealth Advisors LLC acquired a new position in shares of Wheaton Precious Metals during the third quarter worth about $185,000. Captrust Financial Advisors increased its stake in shares of Wheaton Precious Metals by 3.2% during the third quarter. Captrust Financial Advisors now owns 43,718 shares of the company’s stock worth $2,670,000 after acquiring an additional 1,362 shares during the period. Flow Traders U.S. LLC purchased a new position in Wheaton Precious Metals during the third quarter worth about $523,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in Wheaton Precious Metals in the third quarter valued at about $5,253,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at $76.86 on Monday. The stock has a fifty day moving average price of $68.44 and a 200 day moving average price of $63.81. The stock has a market cap of $34.87 billion, a PE ratio of 57.36, a P/E/G ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a 1 year low of $47.02 and a 1 year high of $80.00.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, March 13th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $380.52 million during the quarter, compared to analysts’ expectations of $395.74 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. Wheaton Precious Metals’s quarterly revenue was up 21.4% on a year-over-year basis. As a group, equities research analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current 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 given a $0.165 dividend. The ex-dividend date is Tuesday, April 1st. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 0.86%. Wheaton Precious Metals’s dividend payout ratio is currently 56.90%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Scotiabank upped their price objective on Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a “sector outperform” rating in a report on Monday, March 17th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price 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.