Dudley & Shanley Inc. Has $68.56 Million Holdings in Wheaton Precious Metals Corp. $WPM

Key Points

• Dudley & Shanley Inc. reduced its ownership in Wheaton Precious Metals Corp. by 24.5% during the second quarter, now holding approximately 763,475 shares worth $68.56 million.
• Wheaton Precious Metals reported a record earnings per share of $0.63, exceeding estimates, with a revenue of $503.22 million, marking a significant 68.2% increase from the previous year.
• The company recently declared a quarterly dividend of $0.165 per share with a current annual yield of 0.6% and a payout ratio of 38.15%.

Dudley & Shanley Inc. reduced its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 24.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 763,475 shares of the company's stock after selling 247,535 shares during the quarter. Wheaton Precious Metals comprises approximately 10.8% of Dudley & Shanley Inc.'s investment portfolio, making the stock its largest position. Dudley & Shanley Inc. owned about 0.17% of Wheaton Precious Metals worth $68,560,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bulwark Capital Corp purchased a new position in Wheaton Precious Metals in the second quarter valued at approximately $27,000. NBT Bank N A NY lifted its stake in shares of Wheaton Precious Metals by 129.3% during the 1st quarter. NBT Bank N A NY now owns 415 shares of the company's stock worth $32,000 after purchasing an additional 234 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in shares of Wheaton Precious Metals in the first quarter worth $38,000. Banque Cantonale Vaudoise purchased a new stake in shares of Wheaton Precious Metals during the 1st quarter valued at about $49,000. Finally, Princeton Global Asset Management LLC acquired a new stake in Wheaton Precious Metals during the 1st quarter valued at approximately $52,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Stock Up 2.8%

WPM traded up $2.89 during trading on Friday, reaching $107.67. 8,717,457 shares of the company were exchanged, compared to its average volume of 1,840,410. Wheaton Precious Metals Corp. has a 12-month low of $55.47 and a 12-month high of $108.67. The company has a market cap of $48.88 billion, a price-to-earnings ratio of 62.24, a P/E/G ratio of 2.84 and a beta of 0.42. The company's 50-day moving average is $97.53 and its two-hundred day moving average is $87.72.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.05. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The business had revenue of $503.22 million for the quarter, compared to analysts' expectations of $424.23 million. During the same period in the previous year, the firm earned $0.33 EPS. The business's quarterly revenue was up 68.2% on a year-over-year basis. Equities analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 21st. Wheaton Precious Metals's dividend payout ratio is 38.15%.

Analysts Set New Price Targets

WPM has been the topic of several research analyst reports. Scotiabank raised their target price on shares of Wheaton Precious Metals from $108.00 to $109.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 12th. National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. UBS Group raised their price objective on shares of Wheaton Precious Metals from $106.00 to $118.00 and gave the stock a "neutral" rating in a research note on Friday. Raymond James Financial lifted their price objective on Wheaton Precious Metals from $112.00 to $114.00 and gave the company an "outperform" rating in a report on Friday, September 12th. Finally, CIBC reissued an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Wheaton Precious Metals has an average rating of "Moderate Buy" and an average price target of $102.78.

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.