Venturi Wealth Management LLC Buys 434 Shares of Boyd Gaming Co. (NYSE:BYD)

Venturi Wealth Management LLC increased its stake in shares of Boyd Gaming Co. (NYSE:BYD) by 85.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 943 shares of the company’s stock after acquiring an additional 434 shares during the quarter. Venturi Wealth Management LLC’s holdings in Boyd Gaming were worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Seven Eight Capital LP purchased a new position in shares of Boyd Gaming in the first quarter worth $930,000. Comerica Bank increased its position in shares of Boyd Gaming by 103.1% in the first quarter. Comerica Bank now owns 42,898 shares of the company’s stock valued at $2,888,000 after acquiring an additional 21,772 shares during the period. Sei Investments Co. increased its position in shares of Boyd Gaming by 24.7% in the second quarter. Sei Investments Co. now owns 497,331 shares of the company’s stock valued at $27,403,000 after acquiring an additional 98,508 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Boyd Gaming by 11,891.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 62,117 shares of the company’s stock valued at $4,016,000 after acquiring an additional 61,599 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Boyd Gaming during the second quarter worth about $730,000. 76.81% of the stock is owned by hedge funds and other institutional investors.

Boyd Gaming Price Performance

Shares of NYSE:BYD opened at $72.43 on Friday. The business has a fifty day moving average price of $65.99 and a 200-day moving average price of $59.39. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.82 and a quick ratio of 0.79. The company has a market capitalization of $6.40 billion, a PE ratio of 13.82, a PEG ratio of 9.60 and a beta of 1.55. Boyd Gaming Co. has a 1-year low of $49.34 and a 1-year high of $74.78.

Boyd Gaming Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Sunday, September 15th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.68 annualized dividend and a yield of 0.94%. Boyd Gaming’s dividend payout ratio (DPR) is presently 12.98%.

Insider Transactions at Boyd Gaming

In other Boyd Gaming news, Director Christine J. Spadafor sold 1,242 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $60.36, for a total value of $74,967.12. Following the completion of the transaction, the director now owns 1,096 shares of the company’s stock, valued at approximately $66,154.56. The trade was a 53.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Marianne Boyd Johnson sold 73,130 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $60.23, for a total transaction of $4,404,619.90. Following the sale, the chairman now directly owns 1,423,498 shares in the company, valued at approximately $85,737,284.54. The trade was a 4.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 161,076 shares of company stock worth $10,702,931. Corporate insiders own 27.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BYD shares. Bank of America upped their price target on Boyd Gaming from $68.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Wells Fargo & Company lifted their price target on shares of Boyd Gaming from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Barclays upped their price objective on shares of Boyd Gaming from $70.00 to $71.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. StockNews.com raised shares of Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, Stifel Nicolaus increased their price target on shares of Boyd Gaming from $67.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.38.

Boyd Gaming Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.