Wynn Resorts, Limited (NASDAQ:WYNN) Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 6.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 263,200 shares of the casino operator's stock after selling 19,000 shares during the quarter. Swiss National Bank owned 0.25% of Wynn Resorts worth $21,977,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WYNN. Global X Japan Co. Ltd. grew its position in shares of Wynn Resorts by 120.7% in the first quarter. Global X Japan Co. Ltd. now owns 320 shares of the casino operator's stock valued at $27,000 after purchasing an additional 175 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Wynn Resorts by 3,408.3% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 421 shares of the casino operator's stock valued at $35,000 after purchasing an additional 409 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Wynn Resorts in the fourth quarter valued at approximately $45,000. Garde Capital Inc. acquired a new stake in shares of Wynn Resorts in the first quarter valued at approximately $73,000. Finally, Mather Group LLC. grew its position in shares of Wynn Resorts by 32.7% in the first quarter. Mather Group LLC. now owns 896 shares of the casino operator's stock valued at $75,000 after purchasing an additional 221 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Wynn Resorts

In other news, Director Patricia Mulroy sold 2,262 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $92.12, for a total value of $208,375.44. Following the transaction, the director owned 3,066 shares of the company's stock, valued at approximately $282,439.92. This trade represents a 42.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.52% of the company's stock.

Wynn Resorts Stock Up 3.6%

NASDAQ:WYNN opened at $112.49 on Wednesday. The company has a market cap of $11.70 billion, a P/E ratio of 33.78, a P/E/G ratio of 2.99 and a beta of 1.41. Wynn Resorts, Limited has a fifty-two week low of $65.25 and a fifty-two week high of $112.57. The firm's 50 day moving average is $100.72 and its two-hundred day moving average is $90.08.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The casino operator reported $1.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.11). Wynn Resorts had a negative return on equity of 56.78% and a net margin of 5.51%. The company had revenue of $1.74 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same period in the prior year, the business earned $1.12 EPS. The business's revenue for the quarter was up .6% on a year-over-year basis. Research analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 18th. Wynn Resorts's dividend payout ratio (DPR) is currently 30.03%.

Wall Street Analysts Forecast Growth

WYNN has been the topic of several research reports. Morgan Stanley increased their price target on shares of Wynn Resorts from $111.00 to $113.00 and gave the company an "overweight" rating in a research report on Tuesday. The Goldman Sachs Group initiated coverage on shares of Wynn Resorts in a research report on Monday, July 7th. They issued a "buy" rating and a $122.00 price target on the stock. Mizuho raised their target price on shares of Wynn Resorts from $122.00 to $126.00 and gave the stock an "outperform" rating in a research report on Monday. Argus cut shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Finally, Macquarie boosted their price target on Wynn Resorts from $110.00 to $124.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Wynn Resorts has a consensus rating of "Moderate Buy" and a consensus price target of $118.64.

Wynn Resorts Company Profile

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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