Dudley & Shanley Inc. Has $77.04 Million Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Dudley & Shanley Inc. trimmed its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 11.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,261,223 shares of the company’s stock after selling 166,940 shares during the quarter. Wheaton Precious Metals accounts for approximately 12.0% of Dudley & Shanley Inc.’s portfolio, making the stock its largest holding. Dudley & Shanley Inc.’s holdings in Wheaton Precious Metals were worth $77,036,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ridgewood Investments LLC bought a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at about $31,000. Abich Financial Wealth Management LLC purchased a new position in shares of Wheaton Precious Metals in the second quarter worth about $31,000. St. Johns Investment Management Company LLC purchased a new stake in Wheaton Precious Metals during the 3rd quarter valued at about $48,000. Sunbelt Securities Inc. purchased a new position in Wheaton Precious Metals in the 2nd quarter worth approximately $47,000. Finally, Dunhill Financial LLC lifted its position in Wheaton Precious Metals by 200.9% in the third quarter. Dunhill Financial LLC now owns 1,050 shares of the company’s stock valued at $64,000 after purchasing an additional 701 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Up 0.4 %

Shares of Wheaton Precious Metals stock traded up $0.20 on Monday, reaching $57.31. 933,350 shares of the stock were exchanged, compared to its average volume of 1,765,553. The business has a 50 day moving average price of $62.80 and a two-hundred day moving average price of $59.94. Wheaton Precious Metals Corp. has a twelve month low of $38.57 and a twelve month high of $68.64. The firm has a market capitalization of $26.00 billion, a price-to-earnings ratio of 42.77, a PEG ratio of 1.67 and a beta of 0.75.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $308.25 million for the quarter, compared to analyst estimates 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 period last year, the company earned $0.27 earnings per share. Research analysts forecast that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis 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%.

Analysts Set New Price Targets

Several research analysts have commented on WPM shares. TD Securities upped their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Jefferies Financial Group lifted their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, October 4th. UBS Group started coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They set a “buy” rating and a $78.00 price objective for the company. National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Finally, Stifel Canada cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and an average target price 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.