Dimensional Fund Advisors LP Cuts Stake in Wynn Resorts, Limited (NASDAQ:WYNN)

Dimensional Fund Advisors LP trimmed its position in shares of Wynn Resorts, Limited (NASDAQ:WYNNFree Report) by 0.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 422,832 shares of the casino operator’s stock after selling 1,999 shares during the quarter. Dimensional Fund Advisors LP owned about 0.37% of Wynn Resorts worth $38,527,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in Wynn Resorts by 0.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 27,904 shares of the casino operator’s stock valued at $2,542,000 after purchasing an additional 109 shares during the last quarter. Federated Hermes Inc. grew its position in Wynn Resorts by 47.5% during the 4th quarter. Federated Hermes Inc. now owns 435 shares of the casino operator’s stock valued at $40,000 after purchasing an additional 140 shares during the last quarter. Mystic Asset Management Inc. grew its position in Wynn Resorts by 1.6% during the 3rd quarter. Mystic Asset Management Inc. now owns 11,131 shares of the casino operator’s stock valued at $1,029,000 after purchasing an additional 175 shares during the last quarter. CWM LLC grew its position in Wynn Resorts by 9.6% during the 4th quarter. CWM LLC now owns 2,354 shares of the casino operator’s stock valued at $214,000 after purchasing an additional 206 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Wynn Resorts by 0.9% during the 4th quarter. Arizona State Retirement System now owns 28,182 shares of the casino operator’s stock valued at $2,568,000 after acquiring an additional 241 shares during the last quarter. 68.87% of the stock is owned by hedge funds and other institutional investors.

Wynn Resorts Stock Up 0.0 %

NASDAQ WYNN opened at $92.54 on Friday. The company has a fifty day moving average of $98.62 and a two-hundred day moving average of $96.01. The firm has a market capitalization of $10.37 billion, a price-to-earnings ratio of 12.68 and a beta of 1.91. Wynn Resorts, Limited has a 52 week low of $81.65 and a 52 week high of $112.25.

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

Wynn Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, May 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.08%. Wynn Resorts’s dividend payout ratio (DPR) is 13.70%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WYNN. Citigroup raised their price target on shares of Wynn Resorts from $132.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. StockNews.com raised shares of Wynn Resorts from a “hold” rating to a “buy” rating in a report on Friday, May 17th. Morgan Stanley raised their price target on shares of Wynn Resorts from $107.00 to $114.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Argus raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Thursday, May 23rd. Finally, Barclays increased their price objective on shares of Wynn Resorts from $124.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $120.79.

Get Our Latest Report on Wynn Resorts

Insider Transactions at Wynn Resorts

In other news, Director Betsy S. Atkins sold 2,446 shares of Wynn Resorts stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $94.39, for a total transaction of $230,877.94. Following the completion of the sale, the director now directly owns 9,226 shares in the company, valued at $870,842.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.52% of the company’s stock.

About Wynn Resorts

(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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