Kerntke Otto McGlone Wealth Management Group Buys 1,807 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Kerntke Otto McGlone Wealth Management Group grew its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 6.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 30,388 shares of the company’s stock after buying an additional 1,807 shares during the period. Wheaton Precious Metals accounts for about 1.5% of Kerntke Otto McGlone Wealth Management Group’s holdings, making the stock its 17th largest position. Kerntke Otto McGlone Wealth Management Group’s holdings in Wheaton Precious Metals were worth $1,499,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sprott Inc. raised its stake in shares of Wheaton Precious Metals by 4.8% in the third quarter. Sprott Inc. now owns 799,533 shares of the company’s stock valued at $32,421,000 after purchasing an additional 36,654 shares in the last quarter. Douglas Lane & Associates LLC raised its stake in shares of Wheaton Precious Metals by 31.4% in the 4th quarter. Douglas Lane & Associates LLC now owns 408,449 shares of the company’s stock valued at $20,153,000 after buying an additional 97,535 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Wheaton Precious Metals by 4.4% during the 3rd quarter. Deutsche Bank AG now owns 3,623,133 shares of the company’s stock worth $146,918,000 after acquiring an additional 152,826 shares during the period. Bryn Mawr Capital Management LLC acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at about $1,509,000. Finally, Wellington Management Group LLP increased its stake in Wheaton Precious Metals by 98.8% in the third quarter. Wellington Management Group LLP now owns 71,667 shares of the company’s stock valued at $2,922,000 after acquiring an additional 35,616 shares during the period. Institutional investors own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WPM shares. BMO Capital Markets decreased their price objective on Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating on the stock in a report on Wednesday, February 21st. TD Securities upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating and upped their price target for the company from $51.00 to $53.00 in a research report on Monday, March 18th. National Bank Financial cut Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a report on Wednesday, February 21st. Jefferies Financial Group increased their target price on shares of Wheaton Precious Metals from $52.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, CIBC boosted their price target on shares of Wheaton Precious Metals from $66.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.32.

Wheaton Precious Metals Price Performance

Shares of WPM stock traded down $0.34 during trading hours on Friday, reaching $52.69. 1,788,139 shares of the company were exchanged, compared to its average volume of 2,210,873. Wheaton Precious Metals Corp. has a fifty-two week low of $38.37 and a fifty-two week high of $54.45. The stock’s fifty day moving average is $47.84 and its two-hundred day moving average is $46.82. The company has a market cap of $23.88 billion, a price-to-earnings ratio of 44.28, a P/E/G ratio of 7.17 and a beta of 0.75.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, March 14th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. The firm had revenue of $313.47 million for the quarter, compared to the consensus estimate of $284.29 million. Wheaton Precious Metals had a return on equity of 7.76% and a net margin of 52.92%. On average, research analysts anticipate that Wheaton Precious Metals Corp. will post 1.26 earnings per share for the current year.

Wheaton Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, April 3rd were issued a $0.155 dividend. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $0.62 annualized dividend and a yield of 1.18%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 52.10%.

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.