Wynn Resorts, Limited (NASDAQ:WYNN) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. increased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 47.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 435 shares of the casino operator’s stock after purchasing an additional 140 shares during the quarter. Federated Hermes Inc.’s holdings in Wynn Resorts were worth $40,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of WYNN. Daiwa Securities Group Inc. boosted its stake in shares of Wynn Resorts by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,918 shares of the casino operator’s stock valued at $813,000 after buying an additional 484 shares during the period. TORQ CAPITAL MANAGEMENT HK Ltd grew its holdings in Wynn Resorts by 108.1% during the 4th quarter. TORQ CAPITAL MANAGEMENT HK Ltd now owns 220,600 shares of the casino operator’s stock worth $20,099,000 after acquiring an additional 114,600 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Wynn Resorts by 23.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,688 shares of the casino operator’s stock valued at $5,165,000 after purchasing an additional 10,617 shares during the last quarter. Cookson Peirce & Co. Inc. raised its holdings in shares of Wynn Resorts by 3.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 12,311 shares of the casino operator’s stock valued at $1,122,000 after purchasing an additional 400 shares in the last quarter. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of Wynn Resorts during the 4th quarter worth $573,000. Hedge funds and other institutional investors own 68.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on WYNN shares. Wells Fargo & Company raised their price target on Wynn Resorts from $122.00 to $124.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Barclays boosted their target price on Wynn Resorts from $123.00 to $124.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. JPMorgan Chase & Co. increased their price target on shares of Wynn Resorts from $118.00 to $123.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Mizuho assumed coverage on shares of Wynn Resorts in a research report on Thursday, April 4th. They set a “buy” rating and a $131.00 price objective for the company. Finally, UBS Group dropped their target price on shares of Wynn Resorts from $117.00 to $108.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.43.

Insider Buying and Selling

In other Wynn Resorts news, CEO Craig Scott Billings sold 19,235 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $108.00, for a total value of $2,077,380.00. Following the transaction, the chief executive officer now directly owns 307,904 shares of the company’s stock, valued at approximately $33,253,632. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Wynn Resorts news, CEO Craig Scott Billings sold 19,235 shares of Wynn Resorts stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $108.00, for a total value of $2,077,380.00. Following the sale, the chief executive officer now owns 307,904 shares of the company’s stock, valued at approximately $33,253,632. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patricia Mulroy sold 960 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $105.17, for a total value of $100,963.20. Following the transaction, the director now directly owns 522 shares of the company’s stock, valued at $54,898.74. The disclosure for this sale can be found here. Insiders sold a total of 26,578 shares of company stock valued at $2,850,282 over the last three months. 0.52% of the stock is currently owned by company insiders.

Wynn Resorts Stock Performance

Shares of Wynn Resorts stock opened at $97.23 on Wednesday. The company’s fifty day moving average is $100.38 and its two-hundred day moving average is $95.38. Wynn Resorts, Limited has a 1 year low of $81.65 and a 1 year high of $113.50. The company has a market capitalization of $10.90 billion, a P/E ratio of 16.26 and a beta of 1.91.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Tuesday, May 7th. The casino operator reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.16. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.80 billion. Wynn Resorts had a negative return on equity of 31.17% and a net margin of 11.18%. The business’s revenue was up 30.9% on a year-over-year basis. During the same quarter last year, the company posted $0.29 earnings per share. As a group, equities analysts expect that Wynn Resorts, Limited will post 5.37 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. Wynn Resorts’s dividend payout ratio (DPR) is presently 16.72%.

Wynn Resorts Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.