Patricia Mulroy Sells 1,100 Shares of Wynn Resorts, Limited (NASDAQ:WYNN) Stock

Wynn Resorts, Limited (NASDAQ:WYNN – Get Rating) Director Patricia Mulroy sold 1,100 shares of Wynn Resorts stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $101.65, for a total transaction of $111,815.00. Following the transaction, the director now owns 1,982 shares in the company, valued at approximately $201,470.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Wynn Resorts Stock Up 0.1 %

Wynn Resorts stock traded up $0.11 during midday trading on Friday, reaching $101.13. The stock had a trading volume of 1,804,747 shares, compared to its average volume of 2,529,355. Wynn Resorts, Limited has a 52-week low of $50.20 and a 52-week high of $117.86. The company has a fifty day moving average of $109.14 and a 200 day moving average of $99.26. The firm has a market cap of $11.51 billion, a price-to-earnings ratio of -47.26 and a beta of 2.03.

Wynn Resorts (NASDAQ:WYNN – Get Rating) last issued its earnings results on Tuesday, May 9th. The casino operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.47. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the firm posted ($1.21) earnings per share. The firm’s revenue for the quarter was up 49.3% compared to the same quarter last year. Equities research analysts predict that Wynn Resorts, Limited will post 1.43 EPS for the current year.

Wynn Resorts Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Tuesday, May 23rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, May 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.99%. Wynn Resorts’s payout ratio is -46.73%.

Analysts Set New Price Targets

A number of analysts have commented on WYNN shares. Credit Suisse Group upped their price target on Wynn Resorts from $117.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, February 9th. TheStreet upgraded shares of Wynn Resorts from a “d+” rating to a “c-” rating in a research report on Tuesday, April 4th. Stifel Nicolaus lifted their target price on shares of Wynn Resorts from $127.00 to $137.00 in a research note on Wednesday, May 10th. Morgan Stanley increased their price target on Wynn Resorts from $83.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 1st. Finally, Citigroup boosted their price objective on Wynn Resorts from $134.50 to $138.00 in a research report on Wednesday, May 10th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.18.

Hedge Funds Weigh In On Wynn Resorts

Several institutional investors have recently made changes to their positions in the company. UMB Bank n.a. boosted its stake in shares of Wynn Resorts by 200.0% during the fourth quarter. UMB Bank n.a. now owns 300 shares of the casino operator’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in Wynn Resorts during the fourth quarter worth $25,000. International Assets Investment Management LLC bought a new stake in Wynn Resorts during the 1st quarter valued at $28,000. James Investment Research Inc. purchased a new position in shares of Wynn Resorts in the 1st quarter valued at $29,000. Finally, Penserra Capital Management LLC raised its position in shares of Wynn Resorts by 62.6% in the 3rd quarter. Penserra Capital Management LLC now owns 504 shares of the casino operator’s stock worth $31,000 after acquiring an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 70.95% of the company’s stock.

Wynn Resorts Company Profile

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Wynn Resorts Ltd. is a holding company, which engages in the design, development, and operation of destination casino resorts. It operates through the following segments: Wynn Palace, Wynn Macau, Las Vegas Operations, Wynn Interactive and Encore Boston Harbor. The company was founded by Stephen Alan Wynn, Elaine P.