Physician Wealth Advisors Inc. Invests $110,000 in Wheaton Precious Metals Corp. (NYSE:WPM)

Physician Wealth Advisors Inc. bought a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,962 shares of the company’s stock, valued at approximately $110,000.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WPM. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. 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 report on Monday, March 17th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Wheaton Precious Metals has an average rating of “Buy” and an average price target of $72.44.

Wheaton Precious Metals Price Performance

NYSE WPM opened at $76.86 on Monday. The firm’s fifty day moving average price is $68.44 and its 200 day moving average price is $63.81. Wheaton Precious Metals Corp. has a 12 month low of $47.02 and a 12 month high of $80.00. The company has a market capitalization of $34.87 billion, a price-to-earnings ratio of 57.36, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, March 13th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The firm had revenue of $380.52 million for the quarter, compared to analyst estimates of $395.74 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 EPS. As a group, sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.165 per share. 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 dividend on an annualized basis and a dividend yield of 0.86%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 56.90%.

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.