Fisher Asset Management LLC Has $5.03 Million Stock Position in Wynn Resorts, Limited $WYNN

Fisher Asset Management LLC lowered its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 52.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,663 shares of the casino operator’s stock after selling 58,804 shares during the quarter. Fisher Asset Management LLC owned 0.05% of Wynn Resorts worth $5,027,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in shares of Wynn Resorts in the 2nd quarter valued at approximately $106,289,000. Resolute Capital Asset Partners LLC acquired a new stake in Wynn Resorts in the 1st quarter valued at $3,758,000. Strs Ohio bought a new stake in Wynn Resorts in the first quarter valued at $7,515,000. Oak Harvest Investment Services raised its stake in Wynn Resorts by 20.8% during the first quarter. Oak Harvest Investment Services now owns 32,058 shares of the casino operator’s stock worth $2,677,000 after acquiring an additional 5,511 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of Wynn Resorts by 116.0% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 14,564 shares of the casino operator’s stock valued at $1,209,000 after acquiring an additional 7,820 shares during the period. 88.64% of the stock is currently owned by institutional investors.

Wynn Resorts Stock Performance

NASDAQ WYNN opened at $125.72 on Friday. The stock has a market capitalization of $13.07 billion, a P/E ratio of 28.13, a price-to-earnings-growth ratio of 9.03 and a beta of 1.10. Wynn Resorts, Limited has a 52 week low of $65.25 and a 52 week high of $134.72. The stock has a fifty day moving average of $123.81 and a 200-day moving average of $112.42.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Thursday, November 6th. The casino operator reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.23). The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.76 billion. Wynn Resorts had a net margin of 7.09% and a negative return on equity of 54.88%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company earned $0.90 EPS. Equities research analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

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

Analyst Ratings Changes

WYNN has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Wynn Resorts in a report on Monday. Macquarie upped their price objective on shares of Wynn Resorts from $110.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Barclays lifted their target price on shares of Wynn Resorts from $127.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Mizuho increased their price target on Wynn Resorts from $126.00 to $131.00 and gave the stock an “outperform” rating in a research report on Thursday, November 13th. Finally, Morgan Stanley raised their price target on Wynn Resorts from $130.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.