Scotia Capital Inc. raised its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,871 shares of the casino operator’s stock after purchasing an additional 961 shares during the quarter. Scotia Capital Inc.’s holdings in Wynn Resorts were worth $3,857,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in WYNN. Mckinley Capital Management LLC Delaware purchased a new position in shares of Wynn Resorts during the 4th quarter valued at $171,000. Calton & Associates Inc. purchased a new position in shares of Wynn Resorts during the 4th quarter valued at $178,000. IBM Retirement Fund purchased a new position in shares of Wynn Resorts during the 4th quarter valued at $201,000. FDx Advisors Inc. purchased a new position in shares of Wynn Resorts during the 4th quarter valued at $203,000. Finally, Segment Wealth Management LLC purchased a new position in shares of Wynn Resorts during the 4th quarter valued at $217,000. 70.37% of the stock is currently owned by institutional investors.
WYNN has been the topic of several research analyst reports. Deutsche Bank restated a “buy” rating and set a $167.00 price target on shares of Wynn Resorts in a report on Tuesday, November 21st. TheStreet upgraded shares of Wynn Resorts from a “c+” rating to a “b-” rating in a report on Tuesday, December 12th. Barclays boosted their price target on shares of Wynn Resorts to $180.00 and gave the company an “overweight” rating in a report on Thursday, December 14th. Zacks Investment Research cut shares of Wynn Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, Jefferies Group initiated coverage on shares of Wynn Resorts in a report on Thursday, January 18th. They set a “buy” rating and a $202.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Wynn Resorts currently has an average rating of “Buy” and an average price target of $185.74.
Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Monday, January 22nd. The casino operator reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.07. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.56 billion. Wynn Resorts had a net margin of 11.85% and a return on equity of 100.14%. The business’s revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 EPS. analysts forecast that Wynn Resorts, Limited will post 7.76 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Thursday, February 15th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Wednesday, February 14th. Wynn Resorts’s dividend payout ratio is 50.38%.
About Wynn Resorts
Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.
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