Mark Sheptoff Financial Planning LLC Grows Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Mark Sheptoff Financial Planning LLC grew its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 109.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,300 shares of the company’s stock after buying an additional 1,200 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in Wheaton Precious Metals were worth $129,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in Wheaton Precious Metals in the 4th quarter valued at $20,790,000. Charles Schwab Investment Management Inc. boosted its holdings in Wheaton Precious Metals by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,540 shares of the company’s stock valued at $58,422,000 after purchasing an additional 36,970 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Wheaton Precious Metals during the 3rd quarter worth approximately $1,287,000. CWA Asset Management Group LLC lifted its holdings in shares of Wheaton Precious Metals by 19.7% in the 4th quarter. CWA Asset Management Group LLC now owns 163,514 shares of the company’s stock valued at $9,196,000 after buying an additional 26,924 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Wheaton Precious Metals by 42.7% during the 3rd 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 period. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

WPM opened at $75.96 on Wednesday. The stock has a market cap of $34.46 billion, a P/E ratio of 56.69, a P/E/G ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a 12 month low of $44.57 and a 12 month high of $77.44. The stock’s 50 day moving average price is $67.33 and its 200 day moving average price is $63.45.

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 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 business had revenue of $380.52 million during the quarter, compared to analyst estimates of $395.74 million. During the same period in the previous year, the company posted $0.36 earnings per share. Wheaton Precious Metals’s revenue was up 21.4% compared to the same quarter last year. Equities analysts anticipate 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. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.87%. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 1st. Wheaton Precious Metals’s payout ratio is currently 56.90%.

Analyst Ratings Changes

Several brokerages recently issued reports on WPM. Scotiabank lifted 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. Stifel Canada raised 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average 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.