Wheaton Precious Metals Corp. (NYSE:WPM) is Dudley & Shanley Inc.'s Largest Position

Dudley & Shanley Inc. lessened its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 13.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,011,010 shares of the company's stock after selling 158,030 shares during the period. Wheaton Precious Metals comprises 12.4% of Dudley & Shanley Inc.'s holdings, making the stock its biggest position. Dudley & Shanley Inc. owned 0.22% of Wheaton Precious Metals worth $78,485,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in WPM. Promus Capital LLC acquired a new position in Wheaton Precious Metals during the 4th quarter valued at approximately $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter worth approximately $38,000. Quintet Private Bank Europe S.A. purchased a new position in Wheaton Precious Metals in the 4th quarter worth approximately $39,000. Headlands Technologies LLC increased its stake in shares of Wheaton Precious Metals by 494.9% in the 4th quarter. Headlands Technologies LLC now owns 696 shares of the company's stock worth $39,000 after acquiring an additional 579 shares during the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $41,000. Institutional investors own 70.34% of the company's stock.

Wall Street Analyst Weigh In

WPM has been the topic of several recent analyst reports. Raymond James upped their price objective on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, April 15th. Royal Bank of Canada increased their price target on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a research report on Wednesday. CIBC raised their price objective on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the company an "outperformer" rating in a research note on Friday, May 9th. UBS Group upped their target price on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Finally, National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of "Buy" and an average price target of $86.90.

Wheaton Precious Metals Price Performance

Shares of WPM stock traded down $1.26 during trading hours on Thursday, hitting $91.49. The stock had a trading volume of 1,871,115 shares, compared to its average volume of 1,857,131. The firm has a market capitalization of $41.52 billion, a PE ratio of 68.28, a PEG ratio of 1.91 and a beta of 0.49. The stock's 50 day moving average is $81.72 and its 200 day moving average is $70.25. Wheaton Precious Metals Corp. has a twelve month low of $51.96 and a twelve month high of $95.23.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. The firm had revenue of $470.41 million during the quarter, compared to analysts' expectations of $446.33 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. Wheaton Precious Metals's quarterly revenue was up 58.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 EPS. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

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

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.