Bokf Na Sells 14,557 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Bokf Na lowered its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 41.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 20,208 shares of the casino operator’s stock after selling 14,557 shares during the quarter. Bokf Na’s holdings in Wynn Resorts were worth $2,153,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Blue Trust Inc. grew its holdings in Wynn Resorts by 3,000.0% during the fourth quarter. Blue Trust Inc. now owns 279 shares of the casino operator’s stock worth $25,000 after buying an additional 270 shares in the last quarter. ICA Group Wealth Management LLC purchased a new position in Wynn Resorts in the fourth quarter worth $27,000. Register Financial Advisors LLC purchased a new position in Wynn Resorts in the first quarter worth $37,000. GAMMA Investing LLC purchased a new position in Wynn Resorts in the fourth quarter worth $38,000. Finally, Federated Hermes Inc. boosted its position 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 purchasing an additional 140 shares during the last quarter. Institutional investors own 68.87% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Macquarie cut their price objective on Wynn Resorts from $128.00 to $126.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 9th. Morgan Stanley dropped their price target on Wynn Resorts from $115.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft dropped their price target on Wynn Resorts from $132.00 to $131.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Mizuho assumed coverage on Wynn Resorts in a research report on Thursday, April 4th. They set a “buy” rating and a $131.00 price target on the stock. Finally, Jefferies Financial Group dropped their price target on Wynn Resorts from $111.00 to $96.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.53.

Insider Activity

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

Wynn Resorts Price Performance

NASDAQ WYNN traded up $1.09 during trading on Friday, reaching $81.61. The company’s stock had a trading volume of 1,925,544 shares, compared to its average volume of 1,879,694. The stock has a market capitalization of $9.15 billion, a PE ratio of 11.18 and a beta of 1.82. The firm has a fifty day moving average of $89.02 and a 200 day moving average of $95.86. Wynn Resorts, Limited has a one year low of $80.02 and a one year high of $111.09.

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, topping analysts’ consensus estimates of $1.43 by $0.16. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.80 billion. Wynn Resorts had a negative return on equity of 46.04% and a net margin of 12.36%. The company’s quarterly revenue was up 30.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 EPS. Research analysts expect that Wynn Resorts, Limited will post 5.62 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. Wynn Resorts’s dividend payout ratio (DPR) is presently 13.70%.

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.