Comerica Bank cut its holdings in Wynn Resorts (NASDAQ:WYNN) by 3.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,021 shares of the casino operator’s stock after selling 663 shares during the period. Comerica Bank’s holdings in Wynn Resorts were worth $3,837,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of WYNN. Two Sigma Investments LP boosted its holdings in Wynn Resorts by 2,549.2% in the fourth quarter. Two Sigma Investments LP now owns 457,621 shares of the casino operator’s stock worth $77,150,000 after purchasing an additional 440,347 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Wynn Resorts by 1,522.7% in the fourth quarter. Mackenzie Financial Corp now owns 371,560 shares of the casino operator’s stock worth $62,641,000 after purchasing an additional 348,662 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Wynn Resorts by 897.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 282,262 shares of the casino operator’s stock worth $47,587,000 after purchasing an additional 253,962 shares in the last quarter. BlackRock Inc. boosted its holdings in Wynn Resorts by 5.0% in the fourth quarter. BlackRock Inc. now owns 5,141,200 shares of the casino operator’s stock worth $866,755,000 after purchasing an additional 242,948 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in Wynn Resorts by 1,046.5% in the fourth quarter. Two Sigma Advisers LP now owns 242,467 shares of the casino operator’s stock worth $40,878,000 after purchasing an additional 221,319 shares in the last quarter. Hedge funds and other institutional investors own 65.63% of the company’s stock.

WYNN has been the subject of a number of recent research reports. Morgan Stanley decreased their price objective on shares of Wynn Resorts from $210.00 to $193.00 and set a “buy” rating for the company in a report on Tuesday, January 30th. Roth Capital upped their price objective on shares of Wynn Resorts from $167.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Gabelli reiterated a “buy” rating and issued a $230.00 price objective on shares of Wynn Resorts in a report on Tuesday, January 23rd. Citigroup set a $228.00 price objective on shares of Wynn Resorts and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Finally, BidaskClub raised shares of Wynn Resorts from a “hold” rating to a “buy” rating in a research report on Tuesday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $199.94.

Shares of Wynn Resorts opened at $189.98 on Friday, according to Marketbeat Ratings. The stock has a market cap of $20.73 billion, a PE ratio of 34.79 and a beta of 1.39. The company has a debt-to-equity ratio of 11.97, a current ratio of 1.17 and a quick ratio of 1.13. Wynn Resorts has a 52 week low of $189.45 and a 52 week high of $191.93.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Tuesday, April 24th. The casino operator reported $2.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.32. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.75 billion. Wynn Resorts had a net margin of 6.75% and a return on equity of 101.01%. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.24 earnings per share. equities analysts predict that Wynn Resorts will post 8.62 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 29th. Stockholders of record on Thursday, May 17th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.58%. This is a positive change from Wynn Resorts’s previous quarterly dividend of $0.50. Wynn Resorts’s dividend payout ratio is currently 54.95%.

In other news, Director Robert Jos Miller sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $191.73, for a total transaction of $1,917,300.00. Following the completion of the transaction, the director now owns 19,162 shares of the company’s stock, valued at $3,673,930.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matt Maddox sold 18,450 shares of the company’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $191.09, for a total transaction of $3,525,610.50. The disclosure for this sale can be found here. Insiders have sold 4,133,449 shares of company stock valued at $744,342,731 in the last ninety days. 0.95% of the stock is owned by company insiders.

Wynn Resorts Profile

Wynn Resorts, Limited develops, owns, and operates destination casino resorts. As of February 15, 2018, the company's Wynn Macau segment had approximately 273,000 square feet of casino space, which offered 316 table games and 988 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with a total of 1,008 guest rooms and suites; 8 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and a rotunda show, a Chinese zodiac-inspired ceiling.

Institutional Ownership by Quarter for Wynn Resorts (NASDAQ:WYNN)

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