US Bancorp DE Has $1.11 Million Stock Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

US Bancorp DE trimmed its position in Wynn Resorts, Limited (NASDAQ:WYNNFree Report) by 68.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,167 shares of the casino operator’s stock after selling 26,478 shares during the quarter. US Bancorp DE’s holdings in Wynn Resorts were worth $1,109,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of Wynn Resorts by 3,000.0% during the 4th quarter. Blue Trust Inc. now owns 279 shares of the casino operator’s stock valued at $25,000 after acquiring an additional 270 shares during the period. Sunbelt Securities Inc. lifted its position in shares of Wynn Resorts by 4,285.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 307 shares of the casino operator’s stock valued at $28,000 after acquiring an additional 300 shares during the period. GAMMA Investing LLC bought a new stake in shares of Wynn Resorts during the 4th quarter valued at $38,000. Venturi Wealth Management LLC lifted its position in shares of Wynn Resorts by 1,083.8% during the 4th quarter. Venturi Wealth Management LLC now owns 438 shares of the casino operator’s stock valued at $40,000 after acquiring an additional 401 shares during the period. Finally, Federated Hermes Inc. lifted its position in shares of Wynn Resorts by 47.5% during the 4th quarter. Federated Hermes Inc. now owns 435 shares of the casino operator’s stock valued at $40,000 after acquiring an additional 140 shares during the period. 68.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Betsy S. Atkins sold 2,446 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $94.39, for a total value of $230,877.94. Following the completion of the sale, the director now owns 9,226 shares of the company’s stock, valued at $870,842.14. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on WYNN shares. StockNews.com upgraded Wynn Resorts from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. Citigroup upped their price objective on Wynn Resorts from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. UBS Group dropped their price objective on Wynn Resorts from $117.00 to $108.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. Stifel Nicolaus upped their price objective on Wynn Resorts from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, Macquarie upped their price objective on Wynn Resorts from $122.00 to $128.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $120.79.

Check Out Our Latest Analysis on Wynn Resorts

Wynn Resorts Trading Up 0.0 %

Wynn Resorts stock opened at $94.91 on Tuesday. The company has a market capitalization of $10.64 billion, a PE ratio of 13.00 and a beta of 1.85. The stock has a 50-day moving average price of $98.43 and a two-hundred day moving average price of $96.27. Wynn Resorts, Limited has a 12 month low of $81.65 and a 12 month high of $112.25.

Wynn Resorts (NASDAQ:WYNNGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The casino operator reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.16. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Wynn Resorts had a negative return on equity of 46.04% and a net margin of 12.36%. The business’s quarterly revenue was up 30.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. As a group, analysts predict that Wynn Resorts, Limited will post 5.66 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.05%. Wynn Resorts’s payout ratio is 13.70%.

Wynn Resorts Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Wynn Resorts (NASDAQ:WYNN)

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