Bank of New York Mellon Corp acquired a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 472,117 shares of the casino operator's stock, valued at approximately $45,838,000. Bank of New York Mellon Corp owned about 0.45% of Wynn Resorts at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of WYNN. MUFG Securities EMEA plc bought a new position in shares of Wynn Resorts during the second quarter valued at approximately $25,000. Hantz Financial Services Inc. lifted its holdings in Wynn Resorts by 54.9% during the 4th quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator's stock valued at $30,000 after buying an additional 89 shares in the last quarter. SHP Wealth Management purchased a new stake in Wynn Resorts in the 4th quarter valued at about $32,000. Geneos Wealth Management Inc. grew its stake in Wynn Resorts by 69.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator's stock worth $32,000 after acquiring an additional 156 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Wynn Resorts in the 4th quarter worth $34,000. Hedge funds and other institutional investors own 88.64% of the company's stock.
More Wynn Resorts News
Here are the key news stories impacting Wynn Resorts this week:
- Positive Sentiment: Higher Wynn Macau dividend supports cash-flow sentiment: Wynn Macau Ltd. increased its interim dividend to US$0.028 per share, signaling confidence in operating performance and potentially supporting distributions to parent company Wynn Resorts. Wynn Macau Ltd raises interim dividend to US$0.028
- Positive Sentiment: Broad upward earnings revisions: Zacks Research raised its EPS forecasts for Wynn Resorts’ third quarter and full year 2026, first and second quarters and full year 2027, and first quarter 2028. Its FY2026 estimate increased to $4.38 from $4.18, while FY2027 rose to $5.03 from $4.92, suggesting improving profit expectations.
- Positive Sentiment: Portfolio investments seen as a competitive advantage: An analyst report said Wynn’s investments across its properties support its brand strength and competitive positioning, potentially reinforcing the company’s long-term growth outlook. Wynn’s Investments Across Its Portfolio Support Its Competitive Standing and Brand Advantage
- Neutral Sentiment: Expansion progress at Wynn Al Marjan: The company unveiled a “Townhomes” accommodation concept for its developing resort in the United Arab Emirates. The announcement adds detail to the project’s positioning but does not provide a material near-term financial update. Wynn Al Marjan reveals Townhomes accommodation concept
- Negative Sentiment: Analyst rating remains cautious: Despite the mostly higher forecasts, Zacks Research maintained a “Hold” rating and lowered its Q4 2026 EPS estimate to $1.05 from $1.09. The mixed outlook may be limiting investor enthusiasm.
Wall Street Analyst Weigh In
Several analysts recently weighed in on WYNN shares. Morgan Stanley restated an "overweight" rating and issued a $128.00 price objective on shares of Wynn Resorts in a report on Wednesday, July 22nd. Mizuho cut their price objective on shares of Wynn Resorts from $133.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, July 28th. Wells Fargo & Company dropped their target price on Wynn Resorts from $141.00 to $131.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 5th. Zacks Research upgraded Wynn Resorts from a "strong sell" rating to a "hold" rating in a research note on Monday, August 10th. Finally, Truist Financial initiated coverage on shares of Wynn Resorts in a report on Wednesday, July 8th. They issued a "buy" rating and a $125.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $134.19.
Read Our Latest Report on Wynn Resorts
Wynn Resorts Stock Performance
Shares of WYNN opened at $93.61 on Friday. Wynn Resorts, Limited has a one year low of $92.52 and a one year high of $134.72. The stock has a 50-day moving average of $99.21 and a two-hundred day moving average of $102.49. The stock has a market cap of $9.64 billion, a P/E ratio of 23.23, a P/E/G ratio of 0.85 and a beta of 1.01.
Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its earnings results on Tuesday, August 4th. The casino operator reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.25. Wynn Resorts had a net margin of 6.05% and a negative return on equity of 46.52%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The firm's quarterly revenue was up 6.9% on a year-over-year basis. Analysts predict that Wynn Resorts, Limited will post 4.65 EPS for the current fiscal year.
Wynn Resorts Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $0.25 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.1%. Wynn Resorts's dividend payout ratio (DPR) is presently 24.81%.
Wynn Resorts Company Profile
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Free Report)
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.
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