5,931 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Acquired by TBH Global Asset Management LLC

TBH Global Asset Management LLC acquired a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,931 shares of the company’s stock, valued at approximately $293,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. CVA Family Office LLC bought a new position in Wheaton Precious Metals during the 4th quarter worth $26,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Wheaton Precious Metals in the fourth quarter worth approximately $31,000. Principal Securities Inc. bought a new stake in Wheaton Precious Metals in the fourth quarter valued at approximately $39,000. Fifth Third Bancorp boosted its holdings in Wheaton Precious Metals by 230.7% in the fourth quarter. Fifth Third Bancorp now owns 863 shares of the company’s stock worth $43,000 after acquiring an additional 602 shares in the last quarter. Finally, Western Pacific Wealth Management LP lifted its holdings in shares of Wheaton Precious Metals by 47.6% in the 4th quarter. Western Pacific Wealth Management LP now owns 1,113 shares of the company’s stock worth $55,000 after purchasing an additional 359 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WPM shares. TD Securities upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating and upped their price target for the stock from $51.00 to $53.00 in a report on Monday, March 18th. Raymond James lowered their target price on shares of Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating for the company in a report on Thursday, February 22nd. National Bank Financial lowered shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 21st. BMO Capital Markets upped their price objective on shares of Wheaton Precious Metals from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, CIBC lifted their target price on shares of Wheaton Precious Metals from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $61.33.

Wheaton Precious Metals Price Performance

NYSE:WPM traded up $0.73 during trading hours on Friday, hitting $56.41. The company had a trading volume of 1,017,762 shares, compared to its average volume of 1,600,800. Wheaton Precious Metals Corp. has a 52 week low of $38.37 and a 52 week high of $57.87. The company has a market capitalization of $25.57 billion, a PE ratio of 43.39, a price-to-earnings-growth ratio of 2.02 and a beta of 0.75. The stock has a 50-day moving average price of $51.67 and a 200 day moving average price of $48.10.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, May 9th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. The firm had revenue of $296.80 million for the quarter, compared to the consensus estimate of $278.95 million. Wheaton Precious Metals had a return on equity of 8.53% and a net margin of 53.74%. The business’s revenue for the quarter was up 38.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 EPS. Analysts anticipate that Wheaton Precious Metals Corp. will post 1.28 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 29th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, May 29th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 47.69%.

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.