Shell Asset Management Co. continued to hold its stake in Wynn Resorts, Limited (NASDAQ:WYNN) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,139 shares of the casino operator’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Wynn Resorts, Limited were worth $689,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Wynn Resorts, Limited by 5,076.4% in the first quarter. BlackRock Inc. now owns 4,945,920 shares of the casino operator’s stock valued at $566,852,000 after buying an additional 4,850,373 shares during the last quarter. OZ Management LP raised its stake in Wynn Resorts, Limited by 24.8% in the first quarter. OZ Management LP now owns 2,132,012 shares of the casino operator’s stock valued at $244,350,000 after buying an additional 423,658 shares during the last quarter. American Century Companies Inc. raised its stake in Wynn Resorts, Limited by 76.6% in the first quarter. American Century Companies Inc. now owns 856,721 shares of the casino operator’s stock valued at $98,189,000 after buying an additional 371,701 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in Wynn Resorts, Limited by 142.5% in the first quarter. TIAA CREF Investment Management LLC now owns 599,398 shares of the casino operator’s stock valued at $68,697,000 after buying an additional 352,191 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Wynn Resorts, Limited by 134.1% in the first quarter. Wellington Management Group LLP now owns 565,881 shares of the casino operator’s stock valued at $64,855,000 after buying an additional 324,175 shares during the last quarter. 75.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of Wynn Resorts, Limited (WYNN) opened at 125.63 on Friday. Wynn Resorts, Limited has a one year low of $82.51 and a one year high of $139.67. The stock’s 50 day moving average is $131.96 and its 200-day moving average is $118.81. The firm has a market cap of $12.81 billion, a P/E ratio of 47.02 and a beta of 1.72.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.02. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.47 billion. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. The company’s quarterly revenue was up 44.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 earnings per share. Analysts anticipate that Wynn Resorts, Limited will post $4.89 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Thursday, August 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Tuesday, August 8th. Wynn Resorts, Limited’s payout ratio is 74.91%.

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A number of research analysts recently weighed in on WYNN shares. Union Gaming Research raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a research note on Wednesday, April 26th. Zacks Investment Research raised shares of Wynn Resorts, Limited from a “hold” rating to a “strong-buy” rating and set a $144.00 price target on the stock in a research note on Friday, April 28th. Instinet reaffirmed a “neutral” rating on shares of Wynn Resorts, Limited in a research note on Monday, July 17th. Aegis reaffirmed a “buy” rating and issued a $132.00 price target (up from $121.00) on shares of Wynn Resorts, Limited in a research note on Saturday, April 29th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Wynn Resorts, Limited in a research note on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Wynn Resorts, Limited has a consensus rating of “Hold” and a consensus price target of $125.62.

In related news, Director Patricia Mulroy sold 2,226 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $128.08, for a total transaction of $285,106.08. Following the transaction, the director now owns 8,011 shares of the company’s stock, valued at $1,026,048.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Clark T. Jr. Randt sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $129.00, for a total transaction of $387,000.00. Following the transaction, the director now directly owns 7,711 shares in the company, valued at approximately $994,719. The disclosure for this sale can be found here. Insiders have sold 73,309 shares of company stock worth $9,693,891 in the last three months. Insiders own 13.20% of the company’s stock.

About Wynn Resorts, Limited

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.

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

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