OneDigital Investment Advisors LLC Takes $1.05 Million Position in Wynn Resorts, Limited $WYNN

OneDigital Investment Advisors LLC bought a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,846 shares of the casino operator’s stock, valued at approximately $1,053,000.

Several other large investors also recently modified their holdings of WYNN. MUFG Securities EMEA plc bought a new position in Wynn Resorts during the 2nd quarter valued at approximately $25,000. Hantz Financial Services Inc. grew its position in shares of Wynn Resorts by 54.9% in the 4th quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock worth $30,000 after buying an additional 89 shares during the last quarter. SHP Wealth Management purchased a new position in shares of Wynn Resorts during the fourth quarter valued at approximately $32,000. Geneos Wealth Management Inc. increased its stake in shares of Wynn Resorts by 69.0% during the first 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. Finally, International Assets Investment Management LLC bought a new position in shares of Wynn Resorts during the fourth quarter valued at approximately $34,000. 88.64% of the stock is owned by institutional investors.

Wynn Resorts Price Performance

Shares of NASDAQ WYNN opened at $102.79 on Tuesday. Wynn Resorts, Limited has a 1 year low of $92.52 and a 1 year high of $134.72. The stock has a market cap of $10.58 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 0.90 and a beta of 1.01. The firm has a 50-day moving average of $100.31 and a 200 day moving average of $103.21.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Tuesday, August 4th. The casino operator reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.25. Wynn Resorts had a net margin of 6.05% and a negative return on equity of 46.52%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the prior year, the company earned $1.09 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. Research analysts expect that Wynn Resorts, Limited will post 4.63 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.0%. Wynn Resorts’s payout ratio is presently 24.81%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WYNN. Argus raised their price target on Wynn Resorts from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $137.00 price objective on shares of Wynn Resorts in a report on Friday, May 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $128.00 target price on shares of Wynn Resorts in a research report on Wednesday, July 22nd. Truist Financial began coverage on shares of Wynn Resorts in a research note on Wednesday, July 8th. They issued a “buy” rating and a $125.00 price target for the company. Finally, Bank of America lowered their price objective on shares of Wynn Resorts from $150.00 to $140.00 and set a “buy” rating for the company in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Wynn Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $134.19.

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.