Wedmont Private Capital Has $214,000 Stock Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Wedmont Private Capital increased its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 7.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,638 shares of the casino operator’s stock after purchasing an additional 183 shares during the period. Wedmont Private Capital’s holdings in Wynn Resorts were worth $214,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in WYNN. IHT Wealth Management LLC raised its position in shares of Wynn Resorts by 1.7% in the third quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator’s stock valued at $654,000 after buying an additional 112 shares in the last quarter. Allworth Financial LP boosted its position in Wynn Resorts by 17.5% during the 3rd quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock worth $86,000 after buying an additional 133 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in Wynn Resorts by 2.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,540 shares of the casino operator’s stock worth $496,000 after purchasing an additional 149 shares during the last quarter. Prospera Financial Services Inc increased its position in Wynn Resorts by 4.1% during the 3rd quarter. Prospera Financial Services Inc now owns 4,616 shares of the casino operator’s stock valued at $443,000 after purchasing an additional 181 shares during the period. Finally, Public Sector Pension Investment Board boosted its position in Wynn Resorts by 6.9% during the third quarter. Public Sector Pension Investment Board now owns 3,078 shares of the casino operator’s stock valued at $295,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Stock Up 2.6 %

Shares of WYNN opened at $84.67 on Friday. The stock has a market capitalization of $9.30 billion, a P/E ratio of 10.44, a PEG ratio of 2.40 and a beta of 1.77. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The firm has a fifty day simple moving average of $88.96 and a two-hundred day simple moving average of $86.95.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter last year, the company posted $0.99 EPS. The firm’s revenue was up 1.3% on a year-over-year basis. Sell-side analysts expect that Wynn Resorts, Limited will post 4.73 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.18%. Wynn Resorts’s dividend payout ratio is currently 12.33%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WYNN shares. Macquarie reiterated an “outperform” rating and set a $120.00 price objective on shares of Wynn Resorts in a report on Tuesday, November 5th. Jefferies Financial Group reduced their price target on shares of Wynn Resorts from $109.00 to $105.00 and set a “hold” rating for the company in a research report on Friday, January 3rd. Barclays dropped their price objective on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price objective on Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Susquehanna lifted their price target on Wynn Resorts from $92.00 to $122.00 and gave the company a “positive” rating in a research report on Friday, October 11th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $117.23.

About Wynn Resorts

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.