Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Dudley & Shanley Inc.

Dudley & Shanley Inc. trimmed its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 11.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,261,223 shares of the company's stock after selling 166,940 shares during the period. Wheaton Precious Metals comprises about 12.0% of Dudley & Shanley Inc.'s holdings, making the stock its biggest position. Dudley & Shanley Inc. owned about 0.28% of Wheaton Precious Metals worth $77,036,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Wheaton Precious Metals by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 955,540 shares of the company's stock valued at $58,422,000 after acquiring an additional 36,970 shares in the last quarter. Well Done LLC increased its position in Wheaton Precious Metals by 173.9% during the third quarter. Well Done LLC now owns 38,108 shares of the company's stock worth $2,328,000 after purchasing an additional 24,196 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new position in Wheaton Precious Metals during the second quarter worth approximately $1,016,000. Swiss National Bank boosted its holdings in shares of Wheaton Precious Metals by 0.8% in the 3rd quarter. Swiss National Bank now owns 1,370,800 shares of the company's stock valued at $83,854,000 after purchasing an additional 10,600 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Wheaton Precious Metals during the 3rd quarter valued at $1,287,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

Shares of WPM stock traded up $0.20 during mid-day trading on Monday, reaching $57.31. 1,395,316 shares of the company were exchanged, compared to its average volume of 1,767,424. The company has a market capitalization of $26.00 billion, a P/E ratio of 42.77, a P/E/G ratio of 1.67 and a beta of 0.75. The business's 50 day simple moving average is $62.73 and its 200 day simple moving average is $59.95. Wheaton Precious Metals Corp. has a fifty-two week low of $38.57 and a fifty-two week high of $68.64.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same period last year, the business earned $0.27 EPS. On average, analysts forecast that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 1.08%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 46.27%.

Analysts Set New Price Targets

Several brokerages recently weighed in on WPM. UBS Group began coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They issued a "buy" rating and a $78.00 target price on the stock. Raymond James lifted their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. TD Securities raised 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. National Bank Financial upgraded Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group increased 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 report on Friday, October 4th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $71.67.

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.