Principal Financial Group Inc. Has $10.36 Million Stock Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Principal Financial Group Inc. lifted its holdings in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 1.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 108,067 shares of the casino operator’s stock after buying an additional 2,001 shares during the period. Principal Financial Group Inc. owned about 0.10% of Wynn Resorts worth $10,361,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. IHT Wealth Management LLC boosted its position in Wynn Resorts by 1.7% in the third quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator’s stock valued at $654,000 after buying an additional 112 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Wynn Resorts by 17.5% in the 3rd quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock valued at $86,000 after acquiring an additional 133 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Wynn Resorts by 2.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,540 shares of the casino operator’s stock valued at $496,000 after acquiring an additional 149 shares in the last quarter. Prospera Financial Services Inc grew its position in Wynn Resorts by 4.1% during the 3rd quarter. Prospera Financial Services Inc now owns 4,616 shares of the casino operator’s stock worth $443,000 after acquiring an additional 181 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in Wynn Resorts by 6.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,078 shares of the casino operator’s stock worth $295,000 after purchasing an additional 200 shares in the last quarter. 88.64% of the stock is currently owned by institutional investors.

Wynn Resorts Stock Down 3.2 %

Shares of WYNN stock opened at $85.83 on Tuesday. The firm has a 50 day moving average of $92.36 and a 200-day moving average of $87.54. The company has a market cap of $9.43 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 3.46 and a beta of 1.78. Wynn Resorts, Limited has a 52 week low of $71.63 and a 52 week high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 earnings per share. Analysts anticipate that Wynn Resorts, Limited will post 4.79 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. Wynn Resorts’s dividend payout ratio (DPR) is presently 12.33%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Stifel Nicolaus reduced their price target on Wynn Resorts from $121.00 to $103.00 and set a “buy” rating on the stock in a report on Friday, September 13th. Barclays decreased their price target on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Macquarie reiterated an “outperform” rating and set a $120.00 price target on shares of Wynn Resorts in a report on Tuesday, November 5th. StockNews.com downgraded Wynn Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Finally, Morgan Stanley raised their target price on Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Wynn Resorts presently has an average rating of “Moderate Buy” and a consensus target price of $115.71.

Wynn Resorts Company Profile

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.