Wynn Resorts, Limited (NASDAQ:WYNN) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 7.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,642 shares of the casino operator’s stock after acquiring an additional 759 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Wynn Resorts were worth $952,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in WYNN. International Assets Investment Management LLC acquired a new stake in Wynn Resorts in the 2nd quarter valued at $25,000. ICA Group Wealth Management LLC acquired a new stake in Wynn Resorts during the 4th quarter worth $27,000. Register Financial Advisors LLC acquired a new stake in Wynn Resorts during the 1st quarter worth $37,000. Neo Ivy Capital Management acquired a new stake in Wynn Resorts during the 4th quarter worth $40,000. Finally, Versant Capital Management Inc acquired a new stake in Wynn Resorts during the 2nd quarter worth $51,000. Institutional investors and hedge funds own 68.87% of the company’s stock.

Wynn Resorts Trading Up 2.9 %

Shares of WYNN opened at $78.46 on Monday. The firm has a market cap of $8.71 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 1.93 and a beta of 1.80. Wynn Resorts, Limited has a 12-month low of $71.63 and a 12-month high of $110.38. The company’s 50-day moving average price is $78.87 and its 200 day moving average price is $90.36.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Tuesday, August 6th. The casino operator reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.02). The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Wynn Resorts had a net margin of 12.22% and a negative return on equity of 53.84%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. Equities research analysts forecast that Wynn Resorts, Limited will post 5.55 earnings per share for the current year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.27%. Wynn Resorts’s dividend payout ratio (DPR) is presently 13.70%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. StockNews.com raised shares of Wynn Resorts from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. Seaport Res Ptn raised shares of Wynn Resorts from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 30th. Stifel Nicolaus lowered their target price on shares of Wynn Resorts from $121.00 to $103.00 and set a “buy” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Wynn Resorts from $131.00 to $122.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, UBS Group upgraded Wynn Resorts to a “hold” rating in a report on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.73.

About Wynn Resorts

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.