Intellus Advisors LLC Invests $13.04 Million in Wheaton Precious Metals Corp. (NYSE:WPM)

Intellus Advisors LLC bought a new position in Wheaton Precious Metals Corp. (NYSE:WPM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 231,785 shares of the company’s stock, valued at approximately $13,036,000. Wheaton Precious Metals makes up about 2.3% of Intellus Advisors LLC’s holdings, making the stock its 15th biggest holding.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Wheaton Precious Metals in the fourth quarter worth $20,790,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Wheaton Precious Metals by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 955,540 shares of the company’s stock worth $58,422,000 after buying an additional 36,970 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Wheaton Precious Metals in the third quarter worth $1,287,000. CWA Asset Management Group LLC lifted its holdings in shares of Wheaton Precious Metals by 19.7% in the fourth quarter. CWA Asset Management Group LLC now owns 163,514 shares of the company’s stock worth $9,196,000 after buying an additional 26,924 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Wheaton Precious Metals by 42.7% in the third quarter. Wellington Management Group LLP now owns 133,627 shares of the company’s stock worth $8,170,000 after purchasing an additional 39,979 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Down 0.7 %

WPM stock opened at $75.02 on Friday. Wheaton Precious Metals Corp. has a twelve month low of $44.57 and a twelve month high of $77.44. The stock 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’s fifty day simple moving average is $66.57 and its two-hundred day simple moving average is $63.17.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, March 13th. The company reported $0.44 earnings per share 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 the consensus estimate of $395.74 million. During the same quarter last year, the firm earned $0.36 EPS. The company’s revenue was up 21.4% on a year-over-year basis. As a group, equities research analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WPM shares. Scotiabank boosted 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 report 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 analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average 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.