Wynn Resorts, Limited (NASDAQ:WYNN) CFO Julie Cameron-Doe Sells 6,383 Shares

Wynn Resorts, Limited (NASDAQ:WYNNGet Free Report) CFO Julie Cameron-Doe sold 6,383 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $105.27, for a total value of $671,938.41. Following the completion of the sale, the chief financial officer now owns 78,150 shares of the company’s stock, valued at $8,226,850.50. The transaction was disclosed in a filing with the SEC, which is available through this link.

Julie Cameron-Doe also recently made the following trade(s):

  • On Friday, January 12th, Julie Cameron-Doe sold 2,320 shares of Wynn Resorts stock. The stock was sold at an average price of $94.11, for a total value of $218,335.20.
  • On Tuesday, January 9th, Julie Cameron-Doe sold 4,407 shares of Wynn Resorts stock. The stock was sold at an average price of $95.26, for a total value of $419,810.82.

Wynn Resorts Stock Performance

Shares of NASDAQ:WYNN opened at $105.72 on Tuesday. The firm has a market cap of $11.94 billion, a PE ratio of 17.68 and a beta of 1.93. The firm’s 50 day simple moving average is $93.11 and its 200-day simple moving average is $93.25. Wynn Resorts, Limited has a one year low of $81.65 and a one year high of $117.86.

Wynn Resorts (NASDAQ:WYNNGet Free Report) last issued its earnings results on Wednesday, February 7th. The casino operator reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.76. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a net margin of 11.18% and a negative return on equity of 28.70%. The company’s quarterly revenue was up 83.1% compared to the same quarter last year. During the same period last year, the company posted ($1.23) earnings per share. Equities research analysts predict that Wynn Resorts, Limited will post 4.79 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, February 16th. Wynn Resorts’s dividend payout ratio (DPR) is presently 16.72%.

Hedge Funds Weigh In On Wynn Resorts

Institutional investors have recently bought and sold shares of the business. Blue Trust Inc. increased its holdings in Wynn Resorts by 3,000.0% during the fourth quarter. Blue Trust Inc. now owns 279 shares of the casino operator’s stock valued at $25,000 after buying an additional 270 shares during the period. Sunbelt Securities Inc. grew its holdings in Wynn Resorts by 4,285.7% in the third quarter. Sunbelt Securities Inc. now owns 307 shares of the casino operator’s stock worth $28,000 after purchasing an additional 300 shares during the last quarter. GAMMA Investing LLC purchased a new position in Wynn Resorts in the fourth quarter worth $38,000. Kistler Tiffany Companies LLC grew its holdings in Wynn Resorts by 66.7% in the second quarter. Kistler Tiffany Companies LLC now owns 375 shares of the casino operator’s stock worth $40,000 after purchasing an additional 150 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Wynn Resorts by 1,083.8% in the fourth quarter. Venturi Wealth Management LLC now owns 438 shares of the casino operator’s stock worth $40,000 after purchasing an additional 401 shares during the last quarter. 61.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Morgan Stanley cut their price target on Wynn Resorts from $109.00 to $107.00 and set an “equal weight” rating for the company in a research note on Thursday, November 16th. JPMorgan Chase & Co. increased their price objective on shares of Wynn Resorts from $113.00 to $118.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. HSBC initiated coverage on shares of Wynn Resorts in a report on Monday, October 23rd. They set a “buy” rating and a $111.00 price objective for the company. Macquarie increased their price objective on shares of Wynn Resorts from $122.00 to $128.00 and gave the company an “outperform” rating in a report on Friday. Finally, Barclays increased their price objective on shares of Wynn Resorts from $108.00 to $117.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $119.23.

Check Out Our Latest Stock Report on WYNN

Wynn Resorts Company Profile

(Get 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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