Valeo Financial Advisors LLC raised its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 12.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 22,702 shares of the casino operator’s stock after acquiring an additional 2,566 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Wynn Resorts were worth $3,827,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in WYNN. First Personal Financial Services increased its stake in Wynn Resorts by 102.9% during the 3rd quarter. First Personal Financial Services now owns 710 shares of the casino operator’s stock worth $106,000 after purchasing an additional 360 shares in the last quarter. Mckinley Capital Management LLC Delaware bought a new stake in Wynn Resorts during the 4th quarter worth approximately $171,000. Calton & Associates Inc. bought a new stake in Wynn Resorts during the 4th quarter worth approximately $178,000. IBM Retirement Fund bought a new stake in Wynn Resorts during the 4th quarter worth approximately $201,000. Finally, Segment Wealth Management LLC bought a new stake in Wynn Resorts during the 4th quarter worth approximately $217,000. Institutional investors own 72.80% of the company’s stock.
A number of analysts recently issued reports on WYNN shares. Stifel Nicolaus increased their target price on Wynn Resorts from $134.00 to $153.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Zacks Investment Research cut Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Morgan Stanley lowered their target price on Wynn Resorts from $210.00 to $193.00 and set a “buy” rating for the company in a research note on Tuesday, January 30th. Barclays increased their target price on Wynn Resorts to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, December 14th. Finally, Roth Capital reissued a “neutral” rating and set a $170.00 target price on shares of Wynn Resorts in a research note on Wednesday, February 7th. Eleven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Wynn Resorts presently has an average rating of “Buy” and a consensus target price of $177.25.
Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Monday, January 22nd. The casino operator reported $1.40 EPS for the quarter, beating the consensus estimate of $1.33 by $0.07. Wynn Resorts had a return on equity of 148.17% and a net margin of 11.85%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the firm posted $0.50 EPS. The firm’s revenue for the quarter was up 29.9% compared to the same quarter last year. analysts forecast that Wynn Resorts, Limited will post 7.62 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.22%. The ex-dividend date is Wednesday, February 14th. Wynn Resorts’s dividend payout ratio is 27.51%.
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Wynn Resorts Company Profile
Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.
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