Barrow Hanley Mewhinney & Strauss LLC Increases Stock Position in Wynn Resorts, Limited $WYNN

Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 0.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,360,129 shares of the casino operator’s stock after purchasing an additional 6,156 shares during the quarter. Wynn Resorts makes up about 1.4% of Barrow Hanley Mewhinney & Strauss LLC’s holdings, making the stock its 26th largest position. Barrow Hanley Mewhinney & Strauss LLC owned 3.23% of Wynn Resorts worth $431,004,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WYNN. Capital World Investors grew its stake in Wynn Resorts by 0.7% during the 3rd quarter. Capital World Investors now owns 9,481,183 shares of the casino operator’s stock worth $1,216,151,000 after buying an additional 69,793 shares during the last quarter. Capital International Sarl lifted its stake in Wynn Resorts by 2.4% in the third quarter. Capital International Sarl now owns 114,061 shares of the casino operator’s stock valued at $14,631,000 after buying an additional 2,625 shares during the last quarter. Capital International Inc. CA boosted its holdings in shares of Wynn Resorts by 107.7% in the third quarter. Capital International Inc. CA now owns 74,717 shares of the casino operator’s stock valued at $9,584,000 after acquiring an additional 38,736 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Wynn Resorts during the third quarter worth approximately $789,000. Finally, Inceptionr LLC acquired a new position in shares of Wynn Resorts in the 3rd quarter valued at $1,849,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wall Street Analysts Forecast Growth

WYNN has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a $144.00 price objective on shares of Wynn Resorts in a research note on Friday, February 13th. Morgan Stanley lowered their price target on Wynn Resorts from $139.00 to $136.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. Zacks Research cut Wynn Resorts from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Wynn Resorts in a research report on Monday, December 29th. Finally, Texas Capital raised Wynn Resorts to a “strong-buy” rating in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $138.87.

Wynn Resorts Trading Up 1.2%

Shares of WYNN opened at $102.73 on Wednesday. Wynn Resorts, Limited has a 12-month low of $65.25 and a 12-month high of $134.72. The stock has a market cap of $10.71 billion, a P/E ratio of 34.24, a PEG ratio of 12.11 and a beta of 1.01. The company has a 50-day moving average of $112.69 and a two-hundred day moving average of $120.08.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Thursday, February 12th. The casino operator reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.16). Wynn Resorts had a negative return on equity of 39.05% and a net margin of 4.59%.The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the business earned $2.42 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, analysts forecast that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. Wynn Resorts’s dividend payout ratio (DPR) is presently 33.33%.

Wynn Resorts Company Profile

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.