Meixler Investment Management Ltd. Has $524,000 Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Meixler Investment Management Ltd. grew its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,628 shares of the company’s stock after purchasing an additional 415 shares during the quarter. Meixler Investment Management Ltd.’s holdings in Wheaton Precious Metals were worth $524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sprott Inc. boosted its holdings in Wheaton Precious Metals by 4.8% in the third quarter. Sprott Inc. now owns 799,533 shares of the company’s stock worth $32,421,000 after acquiring an additional 36,654 shares in the last quarter. Douglas Lane & Associates LLC boosted its holdings in Wheaton Precious Metals by 31.4% in the fourth quarter. Douglas Lane & Associates LLC now owns 408,449 shares of the company’s stock worth $20,153,000 after acquiring an additional 97,535 shares in the last quarter. Deutsche Bank AG boosted its holdings in Wheaton Precious Metals by 4.4% in the third 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 in the last quarter. Wellington Management Group LLP boosted its holdings 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 worth $2,922,000 after acquiring an additional 35,616 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its holdings in Wheaton Precious Metals by 2,400.0% in the fourth quarter. CENTRAL TRUST Co now owns 1,250 shares of the company’s stock worth $62,000 after acquiring an additional 1,200 shares in the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

NYSE:WPM traded up $0.27 during trading hours on Friday, reaching $54.00. The stock had a trading volume of 1,500,584 shares, compared to its average volume of 2,433,420. The stock has a 50 day simple moving average of $46.73 and a 200 day simple moving average of $46.43. Wheaton Precious Metals Corp. has a 12-month low of $38.37 and a 12-month high of $54.45. The stock has a market cap of $24.48 billion, a P/E ratio of 45.38, a price-to-earnings-growth ratio of 7.32 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, March 14th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. Wheaton Precious Metals had a return on equity of 7.76% and a net margin of 52.92%. The business had revenue of $313.47 million during the quarter, compared to the consensus estimate of $284.29 million. On average, equities analysts expect that Wheaton Precious Metals Corp. will post 1.25 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd were issued a $0.155 dividend. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.15. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Tuesday, April 2nd. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 52.10%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WPM shares. Berenberg Bank increased their price objective on Wheaton Precious Metals from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Jefferies Financial Group increased their price objective on Wheaton Precious Metals from $52.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. BMO Capital Markets lowered their price objective on Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, February 21st. National Bank Financial downgraded Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 21st. Finally, TD Securities raised Wheaton Precious Metals from a “hold” rating to a “buy” rating and increased their price objective for the stock from $51.00 to $53.00 in a research note on Monday, March 18th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.32.

About Wheaton Precious Metals

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.