KBC Group NV increased its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 7.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,322 shares of the casino operator’s stock after buying an additional 1,243 shares during the quarter. KBC Group NV’s holdings in Wynn Resorts were worth $2,580,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WYNN. IFP Advisors Inc grew its holdings in Wynn Resorts by 40.8% in the 2nd quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock worth $169,000 after buying an additional 365 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Wynn Resorts by 0.7% during the 2nd quarter. Retirement Systems of Alabama now owns 38,712 shares of the casino operator’s stock valued at $5,192,000 after purchasing an additional 284 shares in the last quarter. TD Asset Management Inc. boosted its stake in Wynn Resorts by 1.9% during the 2nd quarter. TD Asset Management Inc. now owns 29,020 shares of the casino operator’s stock valued at $3,892,000 after purchasing an additional 542 shares in the last quarter. Advisor Partners LLC boosted its stake in Wynn Resorts by 8.7% during the 2nd quarter. Advisor Partners LLC now owns 2,087 shares of the casino operator’s stock valued at $280,000 after purchasing an additional 167 shares in the last quarter. Finally, Global X Management Co. LLC boosted its stake in Wynn Resorts by 2.1% during the 2nd quarter. Global X Management Co. LLC now owns 2,127 shares of the casino operator’s stock valued at $285,000 after purchasing an additional 43 shares in the last quarter. 72.04% of the stock is owned by institutional investors and hedge funds.

WYNN has been the subject of a number of research reports. Deutsche Bank raised Wynn Resorts from a “hold” rating to a “buy” rating and increased their price target for the company from $138.00 to $150.00 in a research note on Tuesday, August 15th. Zacks Investment Research raised Wynn Resorts from a “hold” rating to a “buy” rating and set a $162.00 price target for the company in a research note on Tuesday, September 26th. UBS reaffirmed a “buy” rating and set a $174.00 price target (up from $149.00) on shares of Wynn Resorts in a research note on Friday, September 29th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $157.00 price target (up from $150.00) on shares of Wynn Resorts in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $134.00 price target on shares of Wynn Resorts in a research note on Thursday, October 12th. Eleven 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. The company has a consensus rating of “Buy” and a consensus target price of $148.49.

In other news, President Matt Maddox sold 59,260 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $155.12, for a total transaction of $9,192,411.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alvin V. Shoemaker sold 15,000 shares of the stock in a transaction 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 sale, the director now 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. Insiders have sold a total of 159,406 shares of company stock valued at $23,864,344 in the last quarter. Insiders own 13.20% of the company’s stock.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at $159.54 on Friday. Wynn Resorts, Limited has a 52-week low of $85.57 and a 52-week high of $160.97. The company has a market capitalization of $16,334.19, a price-to-earnings ratio of 35.79 and a beta of 1.73. The company has a debt-to-equity ratio of 24.54, a quick ratio of 1.68 and a current ratio of 1.72.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Thursday, November 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.25%. Wynn Resorts’s dividend payout ratio (DPR) is presently 55.25%.

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Wynn Resorts Company 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.

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

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