Wheaton Precious Metals Corp. (NYSE:WPM) Stock Position Cut by Dudley & Shanley Inc.

Dudley & Shanley Inc. trimmed its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,169,040 shares of the company’s stock after selling 92,183 shares during the period. Wheaton Precious Metals accounts for about 10.2% of Dudley & Shanley Inc.’s investment portfolio, making the stock its biggest holding. Dudley & Shanley Inc.’s holdings in Wheaton Precious Metals were worth $65,747,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of WPM. FMR LLC lifted its position in Wheaton Precious Metals by 33.7% during the 3rd quarter. FMR LLC now owns 14,665,913 shares of the company’s stock valued at $895,723,000 after acquiring an additional 3,692,594 shares during the period. TD Asset Management Inc boosted its position in shares of Wheaton Precious Metals by 22.5% in the 2nd quarter. TD Asset Management Inc now owns 5,950,317 shares of the company’s stock worth $311,920,000 after purchasing an additional 1,092,480 shares in the last quarter. Cibc World Market Inc. grew its stake in shares of Wheaton Precious Metals by 3.1% in the 2nd quarter. Cibc World Market Inc. now owns 3,574,648 shares of the company’s stock worth $187,490,000 after buying an additional 108,976 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Wheaton Precious Metals by 22.5% during the third quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock valued at $211,207,000 after buying an additional 634,843 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in Wheaton Precious Metals by 21.3% in the third quarter. National Bank of Canada FI now owns 2,923,402 shares of the company’s stock worth $178,551,000 after acquiring an additional 513,890 shares in the last quarter. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock traded down $0.29 on Friday, hitting $57.78. 376,396 shares of the company traded hands, compared to its average volume of 1,230,148. The stock has a market capitalization of $26.21 billion, a P/E ratio of 43.12, a price-to-earnings-growth ratio of 1.67 and a beta of 0.75. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $68.64. The business has a 50-day simple moving average of $61.36 and a 200 day simple moving average of $60.07.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $308.25 million during the quarter, compared to analysts’ expectations 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 last year, the business posted $0.27 EPS. Research analysts expect that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were issued a $0.155 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.07%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 46.27%.

Wall Street Analyst Weigh In

WPM has been the topic of several recent analyst reports. Raymond James increased their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. TD Securities upped their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 8th. National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report 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. Finally, UBS Group initiated coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They set a “buy” rating and a $78.00 target price for the company. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.67.

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.