Toronto Dominion Bank boosted its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 13.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,646 shares of the casino operator’s stock after purchasing an additional 4,218 shares during the period. Toronto Dominion Bank’s holdings in Wynn Resorts were worth $5,840,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of WYNN. First Personal Financial Services raised its stake in shares of Wynn Resorts by 102.9% in the 3rd quarter. First Personal Financial Services now owns 710 shares of the casino operator’s stock valued at $106,000 after acquiring an additional 360 shares during the period. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Wynn Resorts in the 4th quarter valued at approximately $171,000. Calton & Associates Inc. acquired a new position in shares of Wynn Resorts in the fourth quarter valued at approximately $178,000. IBM Retirement Fund acquired a new position in shares of Wynn Resorts in the fourth quarter valued at approximately $201,000. Finally, Segment Wealth Management LLC acquired a new position in shares of Wynn Resorts in the fourth quarter valued at approximately $217,000. 70.37% of the stock is currently owned by institutional investors.
A number of research analysts recently weighed in on WYNN shares. TheStreet upgraded shares of Wynn Resorts from a “c+” rating to a “b-” rating in a report on Tuesday, December 12th. Roth Capital lifted their price objective on shares of Wynn Resorts from $167.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Gabelli reiterated a “buy” rating and set a $230.00 price target on shares of Wynn Resorts in a report on Tuesday, January 23rd. Citigroup set a $228.00 price target on shares of Wynn Resorts and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Finally, BidaskClub upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Eleven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Wynn Resorts has an average rating of “Buy” and a consensus price target of $185.74.
Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Monday, January 22nd. The casino operator reported $1.40 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.07. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.56 billion. Wynn Resorts had a net margin of 11.85% and a return on equity of 100.14%. Wynn Resorts’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 EPS. research analysts anticipate that Wynn Resorts, Limited will post 7.76 EPS for the current year.
The company also recently disclosed 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. The ex-dividend date was Wednesday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 1.08%. Wynn Resorts’s payout ratio is currently 50.38%.
Wynn Resorts Profile
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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