36,384 Shares in Wynn Resorts, Limited $WYNN Acquired by AIA Group Ltd

AIA Group Ltd bought a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 36,384 shares of the casino operator’s stock, valued at approximately $4,667,000.

Several other large investors have also modified their holdings of WYNN. Norges Bank purchased a new position in shares of Wynn Resorts during the 2nd quarter worth $106,289,000. Palidye Holdings Caymans Ltd acquired a new stake in shares of Wynn Resorts during the second quarter valued at about $104,629,000. Zurich Insurance Group Ltd FI acquired a new stake in shares of Wynn Resorts during the third quarter valued at about $110,213,000. Thrivent Financial for Lutherans raised its stake in shares of Wynn Resorts by 6,391.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 748,769 shares of the casino operator’s stock valued at $70,138,000 after acquiring an additional 737,234 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new position in shares of Wynn Resorts in the 3rd quarter worth approximately $73,588,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Stock Up 1.5%

Shares of WYNN opened at $103.16 on Friday. The company has a market cap of $10.76 billion, a P/E ratio of 34.39, a PEG ratio of 11.51 and a beta of 1.01. Wynn Resorts, Limited has a fifty-two week low of $65.25 and a fifty-two week high of $134.72. The firm’s 50 day moving average price is $110.09 and its 200 day moving average price is $119.06.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Thursday, February 12th. The casino operator reported $1.17 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.16). The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Wynn Resorts had a net margin of 4.59% and a negative return on equity of 39.05%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.42 EPS. Research analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were issued a $0.25 dividend. The ex-dividend date was Monday, February 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.0%. Wynn Resorts’s dividend payout ratio (DPR) is 33.33%.

Analyst Ratings Changes

WYNN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Wynn Resorts from $138.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, December 8th. Jefferies Financial Group upped their price target on Wynn Resorts from $146.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. Macquarie Infrastructure restated an “outperform” rating and set a $143.00 price target on shares of Wynn Resorts in a research report on Monday, December 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Wynn Resorts in a research note on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft set a $144.00 price objective on Wynn Resorts in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Wynn Resorts currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.87.

Wynn Resorts Company Profile

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.