First Personal Financial Services grew its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 102.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 710 shares of the casino operator’s stock after buying an additional 360 shares during the quarter. First Personal Financial Services’ holdings in Wynn Resorts, Limited were worth $106,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Reilly Financial Advisors LLC grew its stake in Wynn Resorts, Limited by 1,000.0% during the second quarter. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator’s stock worth $148,000 after buying an additional 1,000 shares during the period. Financial Architects Inc grew its stake in Wynn Resorts, Limited by 4.2% during the second quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock worth $168,000 after buying an additional 50 shares during the period. IFP Advisors Inc grew its stake in Wynn Resorts, Limited by 40.8% during the second quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock worth $169,000 after buying an additional 365 shares during the period. Hanseatic Management Services Inc. grew its stake in Wynn Resorts, Limited by 808.1% during the second quarter. Hanseatic Management Services Inc. now owns 1,462 shares of the casino operator’s stock worth $196,000 after buying an additional 1,301 shares during the period. Finally, Northside Capital Management LLC purchased a new stake in Wynn Resorts, Limited during the second quarter worth approximately $201,000. Institutional investors own 70.67% of the company’s stock.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) traded up $1.84 during trading hours on Monday, hitting $151.94. 855,605 shares of the company’s stock were exchanged, compared to its average volume of 1,838,201. The firm has a market capitalization of $15,394.13, a PE ratio of 33.80 and a beta of 1.72. Wynn Resorts, Limited has a 52 week low of $82.51 and a 52 week high of $153.56. The company has a quick ratio of 1.92, a current ratio of 1.97 and a debt-to-equity ratio of 27.41.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.24. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Wynn Resorts, Limited had a net margin of 6.24% and a return on equity of 140.73%. The firm’s revenue was up 45.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 earnings per share. sell-side analysts predict that Wynn Resorts, Limited will post 5.34 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.32%. Wynn Resorts, Limited’s dividend payout ratio (DPR) is 55.25%.

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In related news, President Matt Maddox sold 42,900 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $143.44, for a total value of $6,153,576.00. Following the sale, the president now owns 350,586 shares of the company’s stock, valued at approximately $50,288,055.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kimmarie Sinatra sold 21,451 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $143.62, for a total transaction of $3,080,792.62. Following the completion of the sale, the executive vice president now directly owns 223,443 shares in the company, valued at approximately $32,090,883.66. The disclosure for this sale can be found here. 13.20% of the stock is currently owned by corporate insiders.

Several equities research analysts have issued reports on WYNN shares. UBS AG reiterated a “buy” rating on shares of Wynn Resorts, Limited in a research note on Monday, July 10th. Vetr upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $146.26 price objective for the company in a research note on Friday, July 14th. Deutsche Bank AG upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $138.00 to $150.00 in a research note on Tuesday, August 15th. Zacks Investment Research upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $162.00 price objective for the company in a research note on Tuesday, September 26th. Finally, Citigroup Inc. boosted their price objective on shares of Wynn Resorts, Limited to $161.00 and gave the stock a “buy” rating in a research note on Monday, October 16th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $148.11.

Wynn Resorts, Limited 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.

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

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