Wheaton Precious Metals Corp. (NYSE:WPM) Holdings Reduced by Dudley & Shanley Inc.

Dudley & Shanley Inc. decreased its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 13.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,011,010 shares of the company's stock after selling 158,030 shares during the quarter. Wheaton Precious Metals comprises approximately 12.4% of Dudley & Shanley Inc.'s holdings, making the stock its largest position. Dudley & Shanley Inc. owned approximately 0.22% of Wheaton Precious Metals worth $78,485,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Wheaton Precious Metals during the fourth quarter worth approximately $472,648,000. Capital International Investors bought a new stake in shares of Wheaton Precious Metals in the 4th quarter worth approximately $263,810,000. Arrowstreet Capital Limited Partnership purchased a new position in Wheaton Precious Metals in the 4th quarter valued at approximately $72,657,000. Van ECK Associates Corp lifted its holdings in shares of Wheaton Precious Metals by 6.4% during the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company's stock worth $1,154,843,000 after acquiring an additional 1,231,999 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Wheaton Precious Metals by 54.4% during the fourth quarter. Mackenzie Financial Corp now owns 3,223,154 shares of the company's stock valued at $181,227,000 after acquiring an additional 1,135,699 shares during the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

NYSE:WPM traded down $0.07 during mid-day trading on Tuesday, hitting $91.76. 1,570,857 shares of the stock were exchanged, compared to its average volume of 1,678,534. The stock has a market capitalization of $41.64 billion, a price-to-earnings ratio of 68.48, a price-to-earnings-growth ratio of 1.91 and a beta of 0.49. Wheaton Precious Metals Corp. has a fifty-two week low of $51.96 and a fifty-two week high of $91.88. The firm's 50-day simple moving average is $81.10 and its 200 day simple moving average is $69.94.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The firm had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. During the same quarter in the previous year, the company posted $0.36 EPS. The business's revenue was up 58.4% on a year-over-year basis. On average, analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be paid a $0.165 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.72%. Wheaton Precious Metals's payout ratio is presently 48.53%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WPM. BMO Capital Markets assumed coverage on shares of Wheaton Precious Metals in a research report on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price target on the stock. Stifel Canada upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Raymond James upped their target price on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 15th. Scotiabank upped their price target on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a research report on Monday, April 14th. Finally, UBS Group increased their target price on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research report on Friday, April 11th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $85.90.

Wheaton Precious Metals 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.