Mercer Global Advisors Inc. ADV Sells 339 Shares of Boyd Gaming Co. (NYSE:BYD)

Mercer Global Advisors Inc. ADV lowered its position in Boyd Gaming Co. (NYSE:BYD) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,930 shares of the company’s stock after selling 339 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Boyd Gaming were worth $648,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. raised its stake in shares of Boyd Gaming by 80.3% in the fourth quarter. UMB Bank n.a. now owns 393 shares of the company’s stock valued at $29,000 after acquiring an additional 175 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Boyd Gaming by 47.4% in the fourth quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock valued at $33,000 after acquiring an additional 148 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Boyd Gaming in the fourth quarter valued at approximately $67,000. Investment Counsel Co. of Nevada bought a new position in shares of Boyd Gaming in the fourth quarter valued at approximately $73,000. Finally, Allworth Financial LP raised its stake in shares of Boyd Gaming by 2,735.1% in the fourth quarter. Allworth Financial LP now owns 1,049 shares of the company’s stock valued at $79,000 after acquiring an additional 1,012 shares during the last quarter. Institutional investors own 76.81% of the company’s stock.

Insider Activity

In other news, Chairman Marianne Boyd Johnson sold 50,000 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $77.68, for a total value of $3,884,000.00. Following the completion of the transaction, the chairman now owns 1,346,628 shares of the company’s stock, valued at $104,606,063.04. The trade was a 3.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christine J. Spadafor sold 1,125 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $75.28, for a total transaction of $84,690.00. Following the completion of the transaction, the director now directly owns 4,852 shares of the company’s stock, valued at $365,258.56. This trade represents a 18.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,125 shares of company stock valued at $5,158,490 in the last quarter. Company insiders own 27.94% of the company’s stock.

Wall Street Analysts Forecast Growth

BYD has been the subject of several research analyst reports. Susquehanna boosted their price objective on shares of Boyd Gaming from $75.00 to $76.00 and gave the stock a “positive” rating in a research report on Friday, April 25th. Stifel Nicolaus dropped their price objective on shares of Boyd Gaming from $82.00 to $71.00 and set a “hold” rating for the company in a research report on Friday, April 25th. JMP Securities restated a “market perform” rating on shares of Boyd Gaming in a research report on Friday, February 7th. StockNews.com cut shares of Boyd Gaming from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 27th. Finally, Truist Financial dropped their price objective on shares of Boyd Gaming from $92.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Boyd Gaming currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.07.

Boyd Gaming Stock Performance

Shares of Boyd Gaming stock opened at $72.04 on Monday. The firm has a fifty day moving average of $67.17 and a two-hundred day moving average of $71.61. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 4.46 and a beta of 1.32. Boyd Gaming Co. has a 52 week low of $49.34 and a 52 week high of $80.50. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82.

Boyd Gaming (NYSE:BYD) last issued its earnings results on Thursday, April 24th. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.52 by $0.10. The company had revenue of $991.57 million during the quarter, compared to analysts’ expectations of $976.38 million. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS. As a group, equities research analysts predict that Boyd Gaming Co. will post 6.52 EPS for the current year.

Boyd Gaming Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Monday, June 16th. Boyd Gaming’s dividend payout ratio (DPR) is 11.75%.

Boyd Gaming Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.