Wynn Resorts, Limited $WYNN Shares Bought by Future Fund LLC

Future Fund LLC raised its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 42.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 22,329 shares of the casino operator’s stock after buying an additional 6,607 shares during the quarter. Wynn Resorts comprises about 0.9% of Future Fund LLC’s holdings, making the stock its 28th largest position. Future Fund LLC’s holdings in Wynn Resorts were worth $2,687,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WYNN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Wynn Resorts by 10.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,961 shares of the casino operator’s stock valued at $665,000 after buying an additional 754 shares during the period. Woodline Partners LP increased its stake in Wynn Resorts by 36.2% in the 1st quarter. Woodline Partners LP now owns 7,568 shares of the casino operator’s stock valued at $632,000 after buying an additional 2,012 shares during the period. Geneos Wealth Management Inc. increased its stake in Wynn Resorts by 69.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock valued at $32,000 after buying an additional 156 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Wynn Resorts by 13.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,659 shares of the casino operator’s stock valued at $155,000 after buying an additional 201 shares during the period. Finally, Guggenheim Capital LLC grew its stake in shares of Wynn Resorts by 9.5% during the 2nd quarter. Guggenheim Capital LLC now owns 10,008 shares of the casino operator’s stock worth $937,000 after purchasing an additional 868 shares during the period. 88.64% of the stock is owned by institutional investors and hedge funds.

Wynn Resorts Stock Down 0.3%

NASDAQ:WYNN opened at $101.22 on Friday. Wynn Resorts, Limited has a fifty-two week low of $82.63 and a fifty-two week high of $134.72. The stock has a market cap of $10.51 billion, a PE ratio of 30.22, a price-to-earnings-growth ratio of 0.93 and a beta of 1.01. The firm’s fifty day simple moving average is $102.12 and its 200-day simple moving average is $111.69.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Thursday, May 7th. The casino operator reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. Wynn Resorts had a net margin of 5.14% and a negative return on equity of 42.03%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the firm earned $1.07 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities analysts anticipate that Wynn Resorts, Limited will post 4.68 earnings per share for the current year.

Wynn Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were given a $0.25 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.0%. Wynn Resorts’s payout ratio is currently 29.85%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Barclays lowered their price target on shares of Wynn Resorts from $143.00 to $139.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. UBS Group reaffirmed a “buy” rating on shares of Wynn Resorts in a research note on Monday, February 23rd. Bank of America lowered their price target on shares of Wynn Resorts from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Stifel Nicolaus lowered their price target on shares of Wynn Resorts from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Finally, Wells Fargo & Company set a $142.00 price target on shares of Wynn Resorts and gave the stock an “overweight” rating in a research note on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Wynn Resorts presently has an average rating of “Moderate Buy” and an average target price of $140.00.

Wynn Resorts Company Profile

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.