United Services Automobile Association lifted its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,383 shares of the casino operator’s stock after purchasing an additional 810 shares during the quarter. United Services Automobile Association owned 0.07% of Wynn Resorts worth $7,852,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in WYNN. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Wynn Resorts by 96.2% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 42,662 shares of the casino operator’s stock worth $4,220,000 after buying an additional 20,914 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Wynn Resorts during the 4th quarter worth approximately $371,000. JOYN Advisors Inc. boosted its position in Wynn Resorts by 1,680.0% during the 4th quarter. JOYN Advisors Inc. now owns 267 shares of the casino operator’s stock worth $26,000 after buying an additional 252 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in Wynn Resorts by 4.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 17,518 shares of the casino operator’s stock worth $1,733,000 after buying an additional 757 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in Wynn Resorts by 0.5% during the 4th quarter. Great West Life Assurance Co. Can now owns 59,580 shares of the casino operator’s stock worth $5,606,000 after buying an additional 297 shares during the period. 73.86% of the stock is currently owned by institutional investors.

Shares of NASDAQ WYNN opened at $115.79 on Friday. The company has a market capitalization of $12.46 billion, a PE ratio of 17.70, a PEG ratio of 1.90 and a beta of 1.70. Wynn Resorts, Limited has a 52-week low of $90.06 and a 52-week high of $202.48. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.37 and a current ratio of 1.40.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Wednesday, January 30th. The casino operator reported $1.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.36 by ($0.30). The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.63 billion. Wynn Resorts had a return on equity of 47.05% and a net margin of 8.70%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.40 EPS. On average, equities research analysts expect that Wynn Resorts, Limited will post 6.17 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 26th. Stockholders of record on Friday, February 15th were given a $0.75 dividend. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.59%. Wynn Resorts’s dividend payout ratio (DPR) is currently 45.87%.

In related news, Director Patricia Mulroy sold 425 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $118.02, for a total transaction of $50,158.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Matt Maddox sold 18,900 shares of the business’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $124.15, for a total transaction of $2,346,435.00. Following the transaction, the chief executive officer now owns 487,399 shares in the company, valued at approximately $60,510,585.85. The disclosure for this sale can be found here. 0.95% of the stock is currently owned by insiders.

Several equities research analysts recently commented on WYNN shares. ValuEngine upgraded shares of Wynn Resorts from a “strong sell” rating to a “sell” rating in a research report on Monday, November 26th. Morgan Stanley reiterated a “hold” rating on shares of Wynn Resorts in a research report on Monday, December 3rd. Deutsche Bank reiterated a “buy” rating and set a $123.00 target price on shares of Wynn Resorts in a research report on Monday, December 17th. BidaskClub upgraded shares of Wynn Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. Finally, Zacks Investment Research upgraded shares of Wynn Resorts from a “strong sell” rating to a “buy” rating and set a $123.00 target price on the stock in a research report on Saturday, January 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the stock. Wynn Resorts has an average rating of “Hold” and a consensus target price of $148.94.

COPYRIGHT VIOLATION WARNING: “United Services Automobile Association Increases Position in Wynn Resorts, Limited (WYNN)” was first published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.watchlistnews.com/united-services-automobile-association-increases-position-in-wynn-resorts-limited-wynn/2897624.html.

Wynn Resorts Company Profile

Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the company's Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table games and 1,041 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas; 13 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities comprising a gondola ride, health club, spa, salon, and pool; and public attractions, such as performance lake and floral art displays.

Further Reading: Rule of 72

Want to see what other hedge funds are holding WYNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wynn Resorts, Limited (NASDAQ:WYNN).

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

Receive News & Ratings for Wynn Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts and related companies with MarketBeat.com's FREE daily email newsletter.