Capital World Investors Acquires 61,209 Shares of Wynn Resorts, Limited $WYNN

Capital World Investors grew its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,542,392 shares of the casino operator’s stock after acquiring an additional 61,209 shares during the period. Capital World Investors owned about 0.09% of Wynn Resorts worth $1,148,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. MUFG Securities EMEA plc bought a new stake in shares of Wynn Resorts during the 2nd quarter valued at $25,000. Hantz Financial Services Inc. grew its position in shares of Wynn Resorts by 54.9% during the 4th quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock valued at $30,000 after acquiring an additional 89 shares during the period. Cromwell Holdings LLC grew its position in shares of Wynn Resorts by 68.2% during the 4th quarter. Cromwell Holdings LLC now owns 254 shares of the casino operator’s stock valued at $31,000 after acquiring an additional 103 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Wynn Resorts by 69.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock valued at $32,000 after acquiring an additional 156 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of Wynn Resorts during the 4th quarter valued at $34,000. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Stock Performance

Shares of NASDAQ:WYNN opened at $104.48 on Monday. Wynn Resorts, Limited has a 12 month low of $82.64 and a 12 month high of $134.72. The company has a 50-day moving average price of $102.43 and a 200 day moving average price of $110.94. The company has a market cap of $10.84 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 0.97 and a beta of 0.98.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Thursday, May 7th. The casino operator reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. Wynn Resorts had a net margin of 5.14% and a negative return on equity of 42.03%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the company posted $1.07 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, equities analysts forecast that Wynn Resorts, Limited will post 4.61 EPS for the current year.

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 18th. 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 29.85%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Bank of America dropped their target price on shares of Wynn Resorts from $150.00 to $140.00 and set a “buy” rating for the company in a report on Monday, May 11th. UBS Group reaffirmed a “buy” rating on shares of Wynn Resorts in a report on Monday, February 23rd. Wells Fargo & Company set a $142.00 target price on shares of Wynn Resorts and gave the stock an “overweight” rating in a report on Sunday, May 10th. Barclays dropped their target price on shares of Wynn Resorts from $143.00 to $139.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Finally, Mizuho dropped their target price on shares of Wynn Resorts from $134.00 to $133.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $140.00.

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.