Dudley & Shanley Inc. Has $65.75 Million Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Dudley & Shanley Inc. reduced its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 7.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,169,040 shares of the company’s stock after selling 92,183 shares during the quarter. Wheaton Precious Metals comprises 10.2% of Dudley & Shanley Inc.’s holdings, making the stock its largest holding. Dudley & Shanley Inc. owned 0.26% of Wheaton Precious Metals worth $65,747,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WPM. Commonwealth Equity Services LLC grew its stake in shares of Wheaton Precious Metals by 15.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 104,885 shares of the company’s stock valued at $5,498,000 after buying an additional 13,925 shares during the period. Natixis Advisors LLC grew its position in Wheaton Precious Metals by 3.2% in the 2nd quarter. Natixis Advisors LLC now owns 55,351 shares of the company’s stock valued at $2,901,000 after purchasing an additional 1,708 shares during the period. TD Asset Management Inc raised its holdings 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 acquiring an additional 1,092,480 shares during the last quarter. Oxbow Advisors LLC boosted its position in shares of Wheaton Precious Metals by 111.9% during the second quarter. Oxbow Advisors LLC now owns 10,104 shares of the company’s stock valued at $530,000 after buying an additional 5,335 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Wheaton Precious Metals during the second quarter worth $1,159,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on WPM shares. Raymond James increased their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, October 25th. TD Securities increased their price objective 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. Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Finally, UBS Group initiated coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective on the stock. One investment 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 has an average rating of “Moderate Buy” and an average price target of $71.67.

Wheaton Precious Metals Stock Performance

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

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The company had revenue of $308.25 million during the quarter, compared to analyst estimates of $324.57 million. During the same quarter in the previous year, the company posted $0.27 EPS. As a group, sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were issued a dividend of $0.155 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a yield of 1.07%. Wheaton Precious Metals’s dividend payout ratio is currently 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.