Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,200 shares of the casino operator’s stock after selling 15,900 shares during the quarter. Swiss National Bank owned 0.26% of Wynn Resorts worth $24,314,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new position in Wynn Resorts during the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new position in Wynn Resorts during the 3rd quarter worth $31,000. SBI Securities Co. Ltd. acquired a new position in Wynn Resorts during the 4th quarter worth $36,000. Spire Wealth Management grew its stake in Wynn Resorts by 116.4% during the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator’s stock worth $37,000 after purchasing an additional 234 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in Wynn Resorts by 15.0% during the 4th quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator’s stock worth $81,000 after purchasing an additional 122 shares in the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.

Wynn Resorts Stock Performance

Wynn Resorts stock opened at $86.42 on Tuesday. Wynn Resorts, Limited has a fifty-two week low of $71.63 and a fifty-two week high of $110.38. The company has a market capitalization of $9.20 billion, a P/E ratio of 20.53, a PEG ratio of 2.35 and a beta of 1.77. The stock has a 50-day simple moving average of $85.50 and a 200-day simple moving average of $88.80.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, beating the consensus estimate of $1.27 by $1.15. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. As a group, analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.16%. The ex-dividend date was Monday, February 24th. Wynn Resorts’s dividend payout ratio is presently 23.75%.

Insider Buying and Selling at Wynn Resorts

In related news, Director Philip G. Satre acquired 22,200 shares of Wynn Resorts stock in a transaction on Tuesday, February 18th. The stock was purchased at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the purchase, the director now directly owns 34,195 shares in the company, valued at approximately $3,152,095.10. The trade was a 185.08 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

WYNN has been the subject of several analyst reports. Mizuho boosted their target price on Wynn Resorts from $118.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Macquarie reaffirmed an “outperform” rating and set a $115.00 price target on shares of Wynn Resorts in a report on Friday, February 14th. Jefferies Financial Group raised Wynn Resorts from a “hold” rating to a “buy” rating and lifted their price target for the stock from $105.00 to $118.00 in a report on Tuesday, February 18th. Morgan Stanley decreased their price target on Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Finally, StockNews.com downgraded Wynn Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.58.

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.