Boyd Gaming Co. (NYSE:BYD) Shares Purchased by US Bancorp DE

US Bancorp DE lifted its position in shares of Boyd Gaming Co. (NYSE:BYD) by 21.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,590 shares of the company’s stock after purchasing an additional 449 shares during the period. US Bancorp DE’s holdings in Boyd Gaming were worth $167,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ariel Investments LLC lifted its stake in Boyd Gaming by 12.5% in the second quarter. Ariel Investments LLC now owns 3,031,691 shares of the company’s stock valued at $167,046,000 after buying an additional 335,984 shares during the last quarter. Boston Partners boosted its stake in Boyd Gaming by 10.0% during the 1st quarter. Boston Partners now owns 3,031,091 shares of the company’s stock worth $203,276,000 after purchasing an additional 274,876 shares during the period. Bamco Inc. NY grew its position in Boyd Gaming by 4.0% during the 1st quarter. Bamco Inc. NY now owns 1,899,344 shares of the company’s stock worth $127,864,000 after purchasing an additional 73,491 shares during the last quarter. American Century Companies Inc. grew its position in Boyd Gaming by 19.7% during the 2nd quarter. American Century Companies Inc. now owns 1,149,701 shares of the company’s stock worth $63,349,000 after purchasing an additional 189,226 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Boyd Gaming by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,002,438 shares of the company’s stock valued at $67,485,000 after purchasing an additional 3,087 shares during the period. Institutional investors and hedge funds own 76.81% of the company’s stock.

Insider Buying and Selling

In other Boyd Gaming news, Chairman Marianne Boyd Johnson sold 73,130 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $60.23, for a total transaction of $4,404,619.90. Following the sale, the chairman now owns 1,423,498 shares in the company, valued at approximately $85,737,284.54. This represents a 4.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christine J. Spadafor sold 1,242 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $60.36, for a total value of $74,967.12. Following the transaction, the director now directly owns 1,096 shares of the company’s stock, valued at $66,154.56. The trade was a 53.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 161,076 shares of company stock worth $10,702,931 in the last three months. Corporate insiders own 27.94% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus increased their target price on shares of Boyd Gaming from $67.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. StockNews.com upgraded Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Wells Fargo & Company upped their price target on Boyd Gaming from $75.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Macquarie lowered their price objective on shares of Boyd Gaming from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. Finally, Bank of America boosted their price objective on shares of Boyd Gaming from $68.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Boyd Gaming has a consensus rating of “Moderate Buy” and an average target price of $91.38.

Boyd Gaming Trading Down 0.7 %

Shares of Boyd Gaming stock opened at $73.02 on Friday. The company has a 50-day moving average of $65.74 and a two-hundred day moving average of $59.26. Boyd Gaming Co. has a 12-month low of $49.34 and a 12-month high of $74.78. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. The stock has a market cap of $6.45 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 9.64 and a beta of 1.55.

Boyd Gaming Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Sunday, September 15th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, September 13th. Boyd Gaming’s dividend payout ratio (DPR) is presently 12.98%.

Boyd Gaming Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.