Dudley & Shanley Inc. Lowers Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Dudley & Shanley Inc. cut its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 7.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,169,040 shares of the company's stock after selling 92,183 shares during the period. Wheaton Precious Metals comprises approximately 10.2% of Dudley & Shanley Inc.'s portfolio, making the stock its largest position. Dudley & Shanley Inc. owned about 0.26% of Wheaton Precious Metals worth $65,747,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in shares of Wheaton Precious Metals during the fourth quarter worth approximately $29,000. Abich Financial Wealth Management LLC purchased a new position in Wheaton Precious Metals in the 2nd quarter worth $31,000. GAMMA Investing LLC bought a new stake in Wheaton Precious Metals in the fourth quarter worth $41,000. St. Johns Investment Management Company LLC bought a new stake in Wheaton Precious Metals in the third quarter worth $48,000. Finally, Sunbelt Securities Inc. purchased a new stake in Wheaton Precious Metals during the second quarter valued at about $47,000. Institutional investors own 70.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on WPM shares. National Bank Financial raised Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. Stifel Canada cut shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. TD Securities upped their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a "buy" rating in a report on Friday, November 8th. Raymond James raised their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Finally, Jefferies Financial Group upped their price objective on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, October 4th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Wheaton Precious Metals currently has a consensus rating of "Moderate Buy" and an average target price of $71.67.

Wheaton Precious Metals Trading Down 0.9 %

Wheaton Precious Metals stock traded down $0.53 on Friday, hitting $57.54. 1,180,078 shares of the stock traded hands, compared to its average volume of 1,647,489. Wheaton Precious Metals Corp. has a 1 year low of $38.57 and a 1 year high of $68.64. The firm has a market cap of $26.10 billion, a P/E ratio of 42.94, a price-to-earnings-growth ratio of 1.67 and a beta of 0.75. The business's fifty day simple moving average is $61.18 and its 200 day simple moving average is $60.11.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $308.25 million for the quarter, compared to the consensus estimate of $324.57 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. During the same quarter in the prior year, the business posted $0.27 EPS. As a group, analysts predict that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were given a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio is presently 46.27%.

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.