Capital Financial Group Inc. Co. ADV Acquires New Holdings in Wynn Resorts, Limited $WYNN

Capital Financial Group Inc. Co. ADV acquired a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,591 shares of the casino operator’s stock, valued at approximately $673,000.

Several other large investors also recently made changes to their positions in the stock. Capital World Investors increased its position in shares of Wynn Resorts by 0.6% during the fourth quarter. Capital World Investors now owns 9,542,392 shares of the casino operator’s stock worth $1,148,236,000 after acquiring an additional 61,209 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Wynn Resorts by 9.5% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,680,631 shares of the casino operator’s stock worth $442,890,000 after acquiring an additional 320,502 shares in the last quarter. Egerton Capital UK LLP bought a new stake in shares of Wynn Resorts during the fourth quarter worth $249,053,000. Palidye Holdings Caymans Ltd bought a new stake in shares of Wynn Resorts during the second quarter worth $104,629,000. Finally, Raymond James Financial Inc. increased its position in shares of Wynn Resorts by 5.3% during the third quarter. Raymond James Financial Inc. now owns 1,111,574 shares of the casino operator’s stock worth $142,582,000 after acquiring an additional 55,555 shares in the last quarter. Institutional investors own 88.64% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WYNN shares. Morgan Stanley lowered their price objective on shares of Wynn Resorts from $136.00 to $133.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Citigroup lowered their price objective on shares of Wynn Resorts from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $137.00 price objective on shares of Wynn Resorts in a research report on Friday, May 8th. Wells Fargo & Company set a $142.00 price objective on shares of Wynn Resorts and gave the stock an “overweight” rating in a research report on Sunday, May 10th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Wynn Resorts from $140.00 to $135.00 and set an “overweight” rating for the company in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $140.00.

Wynn Resorts Stock Performance

NASDAQ:WYNN opened at $105.96 on Tuesday. The stock’s 50-day simple moving average is $103.22 and its 200 day simple moving average is $110.33. The company has a market cap of $11.00 billion, a P/E ratio of 31.63, a P/E/G ratio of 1.00 and a beta of 0.98. Wynn Resorts, Limited has a 52-week low of $85.96 and a 52-week high of $134.72.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Thursday, May 7th. The casino operator reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.82 billion. Wynn Resorts had a negative return on equity of 42.03% and a net margin of 5.14%.Wynn Resorts’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 earnings per share. As a group, equities analysts predict that Wynn Resorts, Limited will post 4.61 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.9%. Wynn Resorts’s payout ratio is currently 29.85%.

About Wynn Resorts

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.