Mark Sheptoff Financial Planning LLC Buys 1,200 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Mark Sheptoff Financial Planning LLC boosted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 109.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,300 shares of the company’s stock after purchasing 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 quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc bought a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at $29,000. Promus Capital LLC acquired a new position in Wheaton Precious Metals during the 4th quarter worth approximately $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Wheaton Precious Metals in the fourth quarter valued at $38,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at about $39,000. Finally, Quintet Private Bank Europe S.A. bought a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $39,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Up 1.4 %

Shares of NYSE:WPM opened at $75.96 on Wednesday. Wheaton Precious Metals Corp. has a twelve month low of $44.57 and a twelve month high of $77.44. The company has a 50-day moving average price of $67.33 and a two-hundred day moving average price of $63.45. The firm has a market capitalization of $34.46 billion, a PE ratio of 56.69, a P/E/G ratio of 1.91 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM) last announced its 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 company had revenue of $380.52 million during the quarter, compared to analysts’ expectations of $395.74 million. During the same period in the prior year, the business earned $0.36 earnings per share. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. Analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Tuesday, April 1st will be paid a $0.165 dividend. The ex-dividend date is Tuesday, April 1st. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 0.87%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 56.90%.

Analysts Set New Price Targets

Several research analysts have recently commented on WPM shares. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Scotiabank increased their price target on 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. 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 MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $72.44.

Wheaton Precious Metals Company 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.