TD Asset Management Inc Acquires 2,384 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

TD Asset Management Inc lifted its stake in Wynn Resorts, Limited (NASDAQ:WYNNFree Report) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,546 shares of the casino operator’s stock after purchasing an additional 2,384 shares during the quarter. TD Asset Management Inc’s holdings in Wynn Resorts were worth $2,327,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in Wynn Resorts by 3,000.0% in the fourth quarter. Blue Trust Inc. now owns 279 shares of the casino operator’s stock worth $25,000 after acquiring an additional 270 shares in the last quarter. Sunbelt Securities Inc. raised its position in shares of Wynn Resorts by 4,285.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 307 shares of the casino operator’s stock worth $28,000 after purchasing an additional 300 shares during the last quarter. GAMMA Investing LLC bought a new position in Wynn Resorts in the 4th quarter worth about $38,000. Venturi Wealth Management LLC grew its position in 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 purchasing an additional 401 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in 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 purchasing an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 68.87% of the company’s stock.

Wynn Resorts Trading Up 0.7 %

Shares of WYNN stock opened at $93.14 on Friday. Wynn Resorts, Limited has a 12 month low of $81.65 and a 12 month high of $112.25. The stock has a market cap of $10.44 billion, a P/E ratio of 12.75 and a beta of 1.85. The company has a 50 day simple moving average of $97.91 and a two-hundred day simple moving average of $96.26.

Wynn Resorts (NASDAQ:WYNNGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The casino operator reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.16. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.80 billion. Wynn Resorts had a net margin of 12.36% and a negative return on equity of 46.04%. The company’s revenue for the quarter was up 30.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. As a group, equities analysts forecast that Wynn Resorts, Limited will post 5.58 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were given a dividend of $0.25 per share. The ex-dividend date was Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. Wynn Resorts’s payout ratio is currently 13.70%.

Analysts Set New Price Targets

WYNN has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating in a report on Friday, May 17th. JPMorgan Chase & Co. increased their target price on Wynn Resorts from $118.00 to $123.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Mizuho initiated coverage on Wynn Resorts in a research note on Thursday, April 4th. They issued a “buy” rating and a $131.00 price target for the company. Barclays upped their price target on Wynn Resorts from $124.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Finally, Citigroup boosted their target price on Wynn Resorts from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Wynn Resorts currently has an average rating of “Moderate Buy” and a consensus target price of $120.79.

Read Our Latest Research Report on Wynn Resorts

Insider Activity at Wynn Resorts

In other Wynn Resorts news, Director Betsy S. Atkins sold 2,446 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $94.39, for a total transaction of $230,877.94. Following the sale, the director now owns 9,226 shares in the company, valued at approximately $870,842.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

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.

See Also

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

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