Toronto Dominion Bank grew its position in Wynn Resorts, Limited (NASDAQ:WYNN) by 12.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,428 shares of the casino operator’s stock after purchasing an additional 3,360 shares during the period. Toronto Dominion Bank’s holdings in Wynn Resorts, Limited were worth $4,530,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. First Personal Financial Services increased its holdings in shares of Wynn Resorts, Limited by 102.9% in the third quarter. First Personal Financial Services now owns 710 shares of the casino operator’s stock valued at $106,000 after purchasing an additional 360 shares during the period. Financial Architects Inc increased its holdings in shares of 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 purchasing an additional 50 shares during the period. IFP Advisors Inc increased its holdings in shares of 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 purchasing an additional 365 shares during the period. Hanseatic Management Services Inc. increased its holdings in shares of Wynn Resorts, Limited by 808.1% in the second quarter. Hanseatic Management Services Inc. now owns 1,462 shares of the casino operator’s stock valued at $196,000 after purchasing an additional 1,301 shares during the period. Finally, Northside Capital Management LLC purchased a new stake in shares of Wynn Resorts, Limited in the second quarter worth about $201,000. 71.45% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently commented on WYNN. Barclays PLC upped their target price on Wynn Resorts, Limited from $148.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Stifel Nicolaus upped their target price on Wynn Resorts, Limited from $134.00 to $153.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Telsey Advisory Group upped their target price on Wynn Resorts, Limited from $157.00 to $160.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Roth Capital began coverage on Wynn Resorts, Limited in a research note on Thursday, October 26th. They issued a “buy” rating and a $163.00 target price on the stock. Finally, TheStreet downgraded Wynn Resorts, Limited from a “b-” rating to a “c+” rating in a research note on Friday, October 13th. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $148.11.

In related news, President Matt Maddox sold 59,260 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $155.12, for a total value of $9,192,411.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alvin V. Shoemaker sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $151.74, for a total value of $2,276,100.00. Following the completion of the sale, the director now directly owns 19,162 shares of the company’s stock, valued at approximately $2,907,641.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 159,406 shares of company stock worth $23,864,344. Company insiders own 13.20% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Toronto Dominion Bank Increases Stake in Wynn Resorts, Limited (WYNN)” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another site, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/11/20/toronto-dominion-bank-increases-stake-in-wynn-resorts-limited-wynn.html.

Wynn Resorts, Limited (NASDAQ:WYNN) opened at $152.28 on Monday. The firm has a market capitalization of $15,651.72, a P/E ratio of 34.30 and a beta of 1.72. Wynn Resorts, Limited has a 1 year low of $85.57 and a 1 year high of $156.40. The company has a debt-to-equity ratio of 24.54, a current ratio of 1.72 and a quick ratio of 1.68.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.24. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.56 billion. Wynn Resorts, Limited had a return on equity of 132.96% and a net margin of 6.24%. The business’s quarterly revenue was up 45.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 earnings per share. sell-side analysts expect that Wynn Resorts, Limited will post 5.34 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Thursday, November 16th will be given a $0.50 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.31%. Wynn Resorts, Limited’s dividend payout ratio (DPR) is presently 55.25%.

Wynn Resorts, Limited 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)

Receive News & Stock Ratings for Wynn Resorts Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts Limited and related stocks with our FREE daily email newsletter.