TD Waterhouse Canada Inc. Buys 18,375 Shares of Wynn Resorts, Limited $WYNN

TD Waterhouse Canada Inc. grew its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 6,780.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,646 shares of the casino operator’s stock after purchasing an additional 18,375 shares during the period. TD Waterhouse Canada Inc.’s holdings in Wynn Resorts were worth $1,792,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in WYNN. MUFG Securities EMEA plc purchased a new stake in shares of Wynn Resorts in the second quarter worth about $25,000. Hantz Financial Services Inc. increased its stake in Wynn Resorts by 54.9% in the 4th quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock worth $30,000 after acquiring an additional 89 shares during the last quarter. SHP Wealth Management purchased a new stake in shares of Wynn Resorts during the 4th quarter worth approximately $32,000. Geneos Wealth Management Inc. raised its holdings in shares of Wynn Resorts by 69.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock worth $32,000 after acquiring an additional 156 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Wynn Resorts during the 4th quarter valued at approximately $34,000. 88.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WYNN has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Wynn Resorts from $135.00 to $134.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Mizuho dropped their price objective on shares of Wynn Resorts from $133.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. Zacks Research upgraded shares of Wynn Resorts from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Wolfe Research assumed coverage on shares of Wynn Resorts in a report on Wednesday, September 2nd. They issued an “outperform” rating and a $128.00 price target for the company. Finally, Argus lifted their price target on Wynn Resorts from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Wynn Resorts has a consensus rating of “Moderate Buy” and an average target price of $133.82.

Wynn Resorts Stock Up 0.7%

NASDAQ WYNN opened at $92.22 on Wednesday. Wynn Resorts, Limited has a 52 week low of $89.44 and a 52 week high of $134.72. The firm has a market capitalization of $9.50 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.10 and a beta of 1.00. The company has a fifty day moving average of $97.65 and a two-hundred day moving average of $101.23.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Tuesday, August 4th. The casino operator reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.25. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.83 billion. Wynn Resorts had a net margin of 6.05% and a negative return on equity of 46.52%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Equities research analysts anticipate that Wynn Resorts, Limited will post 4.55 EPS for the current year.

Wynn Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 14th. Wynn Resorts’s dividend payout ratio is 24.81%.

Wynn Resorts Profile

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.