Wynn Resorts, Limited (NASDAQ:WYNN) Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,471 shares of the casino operator’s stock after purchasing an additional 465 shares during the period. Royal London Asset Management Ltd.’s holdings in Wynn Resorts were worth $3,687,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Nisa Investment Advisors LLC boosted its stake in shares of Wynn Resorts by 0.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 27,904 shares of the casino operator’s stock valued at $2,542,000 after buying an additional 109 shares during the period. Federated Hermes Inc. lifted its stake in Wynn Resorts by 47.5% in the fourth quarter. Federated Hermes Inc. now owns 435 shares of the casino operator’s stock worth $40,000 after acquiring an additional 140 shares during the last quarter. Mystic Asset Management Inc. grew its holdings in Wynn Resorts by 1.6% during the 3rd quarter. Mystic Asset Management Inc. now owns 11,131 shares of the casino operator’s stock worth $1,029,000 after acquiring an additional 175 shares in the last quarter. CWM LLC increased its position in shares of Wynn Resorts by 9.6% in the 4th quarter. CWM LLC now owns 2,354 shares of the casino operator’s stock valued at $214,000 after purchasing an additional 206 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Wynn Resorts by 0.9% in the 4th quarter. Arizona State Retirement System now owns 28,182 shares of the casino operator’s stock valued at $2,568,000 after purchasing an additional 241 shares in the last quarter. Institutional investors and hedge funds own 68.87% of the company’s stock.

Wynn Resorts Trading Down 1.9 %

Shares of NASDAQ WYNN traded down $1.69 during midday trading on Friday, reaching $88.80. 2,688,620 shares of the company were exchanged, compared to its average volume of 1,434,853. The stock has a market cap of $9.95 billion, a P/E ratio of 12.16 and a beta of 1.85. Wynn Resorts, Limited has a 1 year low of $81.65 and a 1 year high of $112.25. The stock has a fifty day simple moving average of $96.19 and a 200 day simple moving average of $96.51.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Tuesday, May 7th. The casino operator reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.16. Wynn Resorts had a negative return on equity of 46.04% and a net margin of 12.36%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the business posted $0.29 EPS. The company’s revenue was up 30.9% on a year-over-year basis. As a group, analysts forecast that Wynn Resorts, Limited will post 5.58 earnings per share for the current year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were given a dividend of $0.25 per share. The ex-dividend date was Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. Wynn Resorts’s payout ratio is currently 13.70%.

Insider Transactions at Wynn Resorts

In related news, Director Betsy S. Atkins sold 2,446 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $94.39, for a total transaction of $230,877.94. Following the completion of the transaction, the director now directly owns 9,226 shares of the company’s stock, valued at $870,842.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WYNN shares. Wells Fargo & Company boosted their target price on shares of Wynn Resorts from $125.00 to $128.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. Seaport Res Ptn raised Wynn Resorts from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 30th. Stifel Nicolaus boosted their target price on Wynn Resorts from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Argus upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Thursday, May 23rd. Finally, StockNews.com upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. Three research 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 stock. Based on data from MarketBeat, Wynn Resorts has a consensus rating of “Moderate Buy” and an average target price of $121.31.

Wynn Resorts 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.