4,163 Shares in Wynn Resorts, Limited $WYNN Acquired by Callan Family Office LLC

Callan Family Office LLC bought a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,163 shares of the casino operator’s stock, valued at approximately $390,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Resolute Capital Asset Partners LLC acquired a new position in Wynn Resorts in the 1st quarter valued at $3,758,000. Oppenheimer & Co. Inc. acquired a new position in Wynn Resorts in the 1st quarter valued at $1,690,000. Oak Harvest Investment Services grew its holdings in Wynn Resorts by 20.8% in the 1st quarter. Oak Harvest Investment Services now owns 32,058 shares of the casino operator’s stock valued at $2,677,000 after buying an additional 5,511 shares in the last quarter. Strs Ohio acquired a new position in Wynn Resorts in the 1st quarter valued at $7,515,000. Finally, Achmea Investment Management B.V. grew its holdings in Wynn Resorts by 41.1% in the 1st quarter. Achmea Investment Management B.V. now owns 12,400 shares of the casino operator’s stock valued at $1,036,000 after buying an additional 3,612 shares in the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Macquarie upped their price objective on Wynn Resorts from $110.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Jefferies Financial Group increased their target price on Wynn Resorts from $130.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Stifel Nicolaus increased their target price on Wynn Resorts from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. The Goldman Sachs Group increased their target price on Wynn Resorts from $124.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Finally, Morgan Stanley increased their target price on Wynn Resorts from $113.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, September 11th. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $127.71.

Wynn Resorts Trading Up 1.7%

Wynn Resorts stock opened at $118.07 on Thursday. The company has a market capitalization of $12.28 billion, a PE ratio of 35.46, a P/E/G ratio of 6.00 and a beta of 1.31. Wynn Resorts, Limited has a 12 month low of $65.25 and a 12 month high of $134.23. The stock has a 50-day moving average price of $120.83 and a two-hundred day moving average price of $101.42.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Thursday, August 7th. The casino operator reported $1.09 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.11). The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.74 billion. Wynn Resorts had a net margin of 5.51% and a negative return on equity of 56.78%. Wynn Resorts’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.12 earnings per share. As a group, analysts predict that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a $0.25 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.00 annualized dividend and a yield of 0.8%. Wynn Resorts’s dividend payout ratio (DPR) is currently 30.03%.

Insider Buying and Selling

In other Wynn Resorts news, Director Patricia Mulroy sold 4,438 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $125.00, for a total value of $554,750.00. Following the completion of the transaction, the director directly owned 3,066 shares in the company, valued at approximately $383,250. This trade represents a 59.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.52% of the company’s stock.

Wynn Resorts Company Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.