By otakuyassine3@gmail.com 
Dudley & Shanley Inc. lessened its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 11.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,261,223 shares of the company’s stock after selling 166,940 shares during the period. Wheaton Precious Metals accounts for approximately 12.0% of Dudley & Shanley Inc.’s investment portfolio, making the stock its biggest position. Dudley & Shanley Inc. owned approximately 0.28% of Wheaton Precious Metals worth $77,036,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. Insigneo Advisory Services LLC boosted its position in shares of Wheaton Precious Metals by 2.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock worth $522,000 after purchasing an additional 187 shares during the period. Principal Financial Group Inc. raised its position in shares of Wheaton Precious Metals by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock worth $1,208,000 after acquiring an additional 196 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in Wheaton Precious Metals by 0.6% during the third quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company’s stock worth $2,110,000 after purchasing an additional 197 shares during the last quarter. Arkadios Wealth Advisors grew its position in shares of Wheaton Precious Metals by 1.0% in the 3rd quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company’s stock valued at $1,318,000 after buying an additional 210 shares during the last quarter. Finally, Western Pacific Wealth Management LP raised its stake in Wheaton Precious Metals by 13.9% during the 3rd quarter. Western Pacific Wealth Management LP now owns 1,732 shares of the company’s stock worth $106,000 after acquiring an additional 212 shares in the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
WPM has been the topic of several research analyst reports. National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. UBS Group started coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They issued a “buy” rating and a $78.00 target price on the stock. Jefferies Financial Group boosted their target price on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Raymond James increased their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Stifel Canada cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.67.
Get Our Latest Research Report on WPM
Wheaton Precious Metals Trading Up 0.4 %
Shares of WPM traded up $0.20 during midday trading on Monday, reaching $57.31. The stock had a trading volume of 933,350 shares, compared to its average volume of 1,765,553. The firm has a 50 day simple moving average of $62.80 and a 200-day simple moving average of $59.94. The firm has a market cap of $26.00 billion, a PE ratio of 42.77, a P/E/G ratio of 1.67 and a beta of 0.75. 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 – Get Free Report) last announced its earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $308.25 million for the quarter, compared to analysts’ expectations of $324.57 million. During the same period last year, the firm earned $0.27 earnings per share. As a group, research analysts forecast that Wheaton Precious Metals Corp. will post 1.44 EPS for the current fiscal year.
Wheaton Precious Metals Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were paid 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 dividend yield of 1.08%. Wheaton Precious Metals’s payout ratio is presently 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.
See Also
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