Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 24.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,303 shares of the casino operator’s stock after buying an additional 3,206 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Wynn Resorts, Limited were worth $2,187,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its stake in Wynn Resorts, Limited by 7.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 385,889 shares of the casino operator’s stock valued at $51,756,000 after buying an additional 25,300 shares in the last quarter. Trexquant Investment LP purchased a new stake in Wynn Resorts, Limited during the second quarter valued at about $1,249,000. Global X Management Co. LLC boosted its stake in Wynn Resorts, Limited by 2.1% in the second quarter. Global X Management Co. LLC now owns 2,127 shares of the casino operator’s stock valued at $285,000 after buying an additional 43 shares in the last quarter. BP PLC boosted its stake in Wynn Resorts, Limited by 172.7% in the second quarter. BP PLC now owns 30,000 shares of the casino operator’s stock valued at $4,023,000 after buying an additional 19,000 shares in the last quarter. Finally, Lakeview Capital Partners LLC boosted its stake in Wynn Resorts, Limited by 1.9% in the second quarter. Lakeview Capital Partners LLC now owns 2,750 shares of the casino operator’s stock valued at $369,000 after buying an additional 50 shares in the last quarter. 72.83% of the stock is currently owned by institutional investors.

Shares of Wynn Resorts, Limited (NASDAQ WYNN) opened at 136.39 on Wednesday. The firm has a 50-day moving average of $131.65 and a 200 day moving average of $119.63. The firm has a market cap of $13.90 billion, a P/E ratio of 51.04 and a beta of 1.72. Wynn Resorts, Limited has a 12 month low of $82.51 and a 12 month high of $139.67.

Wynn Resorts, Limited (NASDAQ:WYNN) last posted its earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the company earned $1.07 EPS. The company’s revenue for the quarter was up 44.5% on a year-over-year basis. On average, equities research analysts anticipate that Wynn Resorts, Limited will post $4.89 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Thursday, August 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $2.00 annualized dividend and a yield of 1.47%. Wynn Resorts, Limited’s dividend payout ratio (DPR) is currently 74.91%.

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Several equities research analysts have issued reports on the stock. Deutsche Bank AG raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and raised their price target for the stock from $138.00 to $150.00 in a research note on Tuesday. Zacks Investment Research cut shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Vetr raised shares of Wynn Resorts, Limited from a “buy” rating to a “strong-buy” rating and set a $146.26 price target on the stock in a research note on Thursday, July 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $134.00 price target (up from $128.00) on shares of Wynn Resorts, Limited in a research note on Wednesday, July 26th. Finally, UBS AG cut shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Wynn Resorts, Limited has an average rating of “Hold” and an average price target of $126.99.

In related news, EVP Kimmarie Sinatra sold 22,624 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $129.12, for a total value of $2,921,210.88. Following the completion of the sale, the executive vice president now directly owns 221,067 shares in the company, valued at approximately $28,544,171.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Clark T. Jr. Randt sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $129.00, for a total value of $387,000.00. Following the completion of the sale, the director now owns 7,711 shares of the company’s stock, valued at $994,719. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,933 shares of company stock valued at $9,261,125. Corporate insiders own 13.20% of the company’s stock.

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

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