Charles Schwab Investment Management Inc. Buys 2,930 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Charles Schwab Investment Management Inc. lifted its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNNFree Report) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 777,178 shares of the casino operator’s stock after acquiring an additional 2,930 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Wynn Resorts were worth $70,809,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in WYNN. Fisher Asset Management LLC boosted its position in Wynn Resorts by 0.5% during the fourth quarter. Fisher Asset Management LLC now owns 3,931,323 shares of the casino operator’s stock worth $358,183,000 after purchasing an additional 20,091 shares during the period. Invesco Ltd. boosted its holdings in shares of Wynn Resorts by 20.7% during the 3rd quarter. Invesco Ltd. now owns 1,449,064 shares of the casino operator’s stock worth $133,908,000 after buying an additional 248,820 shares during the period. Bamco Inc. NY grew its stake in Wynn Resorts by 25.7% in the 3rd quarter. Bamco Inc. NY now owns 644,474 shares of the casino operator’s stock valued at $59,556,000 after buying an additional 131,937 shares during the last quarter. Barclays PLC raised its holdings in Wynn Resorts by 41.6% in the 3rd quarter. Barclays PLC now owns 544,831 shares of the casino operator’s stock worth $50,345,000 after acquiring an additional 160,054 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in Wynn Resorts by 20,031.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 506,519 shares of the casino operator’s stock worth $46,807,000 after acquiring an additional 504,003 shares during the last quarter. Institutional investors and hedge funds own 68.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wells Fargo & Company lifted their price objective on Wynn Resorts from $125.00 to $128.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. Stifel Nicolaus upped their price target on Wynn Resorts from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Bank Of America (Bofa) raised their price objective on shares of Wynn Resorts from $95.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. UBS Group cut their target price on shares of Wynn Resorts from $117.00 to $108.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. Finally, StockNews.com lowered shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Wynn Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $121.62.

View Our Latest Analysis on WYNN

Wynn Resorts Trading Up 0.1 %

WYNN stock opened at $98.04 on Wednesday. The business’s 50 day moving average is $99.91 and its 200-day moving average is $95.67. Wynn Resorts, Limited has a 1-year low of $81.65 and a 1-year high of $112.25. The firm has a market cap of $10.99 billion, a P/E ratio of 13.43 and a beta of 1.91.

Wynn Resorts (NASDAQ:WYNNGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The casino operator reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.16. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.80 billion. Wynn Resorts had a net margin of 12.36% and a negative return on equity of 46.04%. The company’s revenue was up 30.9% on a year-over-year basis. During the same quarter last year, the business posted $0.29 earnings per share. Sell-side analysts forecast that Wynn Resorts, Limited will post 5.58 EPS for the current year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Monday, May 20th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, May 17th. Wynn Resorts’s dividend payout ratio is currently 13.70%.

Wynn Resorts Profile

(Free Report)

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.

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

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