Cibc World Market Inc. acquired a new position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 16,951 shares of the casino operator's stock, valued at approximately $1,646,000.
Several other institutional investors have also recently made changes to their positions in WYNN. BlackRock Inc. purchased a new stake in Wynn Resorts during the 2nd quarter valued at approximately $609,566,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Wynn Resorts during the second quarter worth $321,402,000. Egerton Capital UK LLP purchased a new position in Wynn Resorts during the fourth quarter valued at $249,053,000. Palidye Holdings Caymans Ltd purchased a new position in Wynn Resorts during the second quarter valued at $104,629,000. Finally, Norges Bank bought a new stake in Wynn Resorts in the 4th quarter valued at $122,696,000. Hedge funds and other institutional investors own 88.64% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have commented on WYNN. Wells Fargo & Company dropped their price objective on shares of Wynn Resorts from $141.00 to $131.00 and set an "overweight" rating for the company in a report on Wednesday, August 5th. Morgan Stanley reaffirmed an "overweight" rating and issued a $128.00 target price on shares of Wynn Resorts in a report on Wednesday, July 22nd. Citigroup reiterated a "buy" rating on shares of Wynn Resorts in a research report on Thursday, August 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Wynn Resorts in a research note on Wednesday, June 24th. Finally, The Goldman Sachs Group set a $120.00 price target on Wynn Resorts in a report on Wednesday, July 15th. One equities 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 stock. Based on data from MarketBeat, Wynn Resorts has a consensus rating of "Moderate Buy" and an average target price of $134.19.
Check Out Our Latest Stock Report on Wynn Resorts
Wynn Resorts Stock Down 3.7%
WYNN stock opened at $93.61 on Friday. Wynn Resorts, Limited has a 52 week low of $92.52 and a 52 week high of $134.72. The firm has a market capitalization of $9.64 billion, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01. The company has a fifty day simple moving average of $99.21 and a two-hundred day simple moving average of $102.49.
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 for the quarter, topping analysts' consensus estimates of $0.99 by $0.25. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.83 billion. Wynn Resorts had a net margin of 6.05% and a negative return on equity of 46.52%. The business's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 EPS. As a group, analysts anticipate that Wynn Resorts, Limited will post 4.65 EPS for the current year.
Wynn Resorts Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 14th. Wynn Resorts's payout ratio is presently 24.81%.
Key Headlines Impacting Wynn Resorts
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.
Wynn Resorts 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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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