State Board of Administration of Florida Retirement System boosted its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,814 shares of the casino operator’s stock after buying an additional 1,462 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.13% of Wynn Resorts, Limited worth $17,142,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in Wynn Resorts, Limited by 83.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the casino operator’s stock valued at $117,000 after buying an additional 462 shares during the period. FNY Partners Fund LP raised its stake in Wynn Resorts, Limited by 5,400.0% in the first quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock valued at $126,000 after buying an additional 1,080 shares during the period. Reilly Financial Advisors LLC raised its stake in Wynn Resorts, Limited by 1,000.0% in the second quarter. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator’s stock valued at $148,000 after buying an additional 1,000 shares during the period. Financial Architects Inc raised its stake in Wynn Resorts, Limited by 4.2% in the second quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock valued at $168,000 after buying an additional 50 shares during the period. Finally, IFP Advisors Inc raised its stake in Wynn Resorts, Limited by 40.8% in the second quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock valued at $169,000 after buying an additional 365 shares during the period. 72.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at 134.65 on Friday. Wynn Resorts, Limited has a 52 week low of $82.51 and a 52 week high of $139.67. The firm has a market capitalization of $13.73 billion, a P/E ratio of 50.39 and a beta of 1.72. The firm’s 50-day moving average is $132.11 and its 200-day moving average is $121.40.

Wynn Resorts, Limited (NASDAQ:WYNN) last posted its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 EPS for the quarter, topping the consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a return on equity of 121.81% and a net margin of 6.98%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the company earned $1.07 earnings per share. The business’s revenue for the quarter was up 44.5% compared to the same quarter last year. Equities analysts anticipate that Wynn Resorts, Limited will post $4.90 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 22nd. Stockholders of record on Thursday, August 10th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Tuesday, August 8th. Wynn Resorts, Limited’s dividend payout ratio (DPR) is currently 74.91%.

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WYNN has been the topic of several analyst reports. Aegis reaffirmed a “buy” rating and set a $132.00 price target (up from $121.00) on shares of Wynn Resorts, Limited in a research report on Saturday, April 29th. Vetr raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $131.33 price target on the stock in a research report on Tuesday, May 2nd. BidaskClub raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. UBS AG reaffirmed a “buy” rating on shares of Wynn Resorts, Limited in a research report on Monday, July 10th. Finally, Deutsche Bank AG raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and upped their price target for the stock from $138.00 to $150.00 in a research report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Wynn Resorts, Limited presently has an average rating of “Hold” and a consensus price target of $126.99.

In other news, EVP Kimmarie Sinatra sold 22,624 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $129.12, for a total value of $2,921,210.88. Following the transaction, the executive vice president now owns 221,067 shares of the company’s stock, valued at $28,544,171.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Matt Maddox sold 44,309 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $134.35, for a total value of $5,952,914.15. Following the completion of the transaction, the president now directly owns 344,895 shares in the company, valued at approximately $46,336,643.25. The disclosure for this sale can be found here. Insiders sold 69,933 shares of company stock worth $9,261,125 in the last ninety days. Corporate insiders own 13.20% of the company’s stock.

Wynn Resorts, Limited Company Profile

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

Institutional Ownership by Quarter for Wynn Resorts, Limited (NASDAQ:WYNN)

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