Wynn Resorts, Limited $WYNN Shares Sold by Creative Planning

Creative Planning reduced its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 77.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,794 shares of the casino operator’s stock after selling 33,796 shares during the period. Creative Planning’s holdings in Wynn Resorts were worth $917,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dagco Inc. acquired a new stake in shares of Wynn Resorts during the 1st quarter worth approximately $25,000. AlphaQuest LLC bought a new stake in Wynn Resorts in the first quarter worth about $25,000. Geneos Wealth Management Inc. lifted its stake in Wynn Resorts by 69.0% during the first quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock valued at $32,000 after purchasing an additional 156 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Wynn Resorts during the 2nd quarter valued at $43,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Wynn Resorts by 30.9% during the second quarter. First Horizon Advisors Inc. now owns 640 shares of the casino operator’s stock valued at $60,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Stock Performance

Shares of WYNN stock opened at $132.77 on Tuesday. The stock has a market capitalization of $13.80 billion, a PE ratio of 39.87, a PEG ratio of 4.94 and a beta of 1.32. Wynn Resorts, Limited has a 52 week low of $65.25 and a 52 week high of $134.72. The stock’s fifty day moving average is $123.58 and its 200-day moving average is $111.94.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Thursday, November 6th. The casino operator reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.23). The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.76 billion. Wynn Resorts had a negative return on equity of 56.78% and a net margin of 5.51%.Wynn Resorts’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 earnings per share. As a group, analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 17th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, November 17th. Wynn Resorts’s dividend payout ratio (DPR) is presently 22.37%.

Analysts Set New Price Targets

Several equities research analysts recently commented on WYNN shares. Jefferies Financial Group upped their price target on shares of Wynn Resorts from $130.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Stifel Nicolaus lifted their price objective on shares of Wynn Resorts from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Zacks Research cut Wynn Resorts from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Mizuho upped their price target on shares of Wynn Resorts from $126.00 to $131.00 and gave the company an “outperform” rating in a report on Thursday, November 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Wynn Resorts from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wynn Resorts has an average rating of “Moderate Buy” and an average target price of $134.31.

Wynn Resorts Company 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.