Boyd Gaming Co. (NYSE:BYD) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its holdings in Boyd Gaming Co. (NYSE:BYD - Free Report) by 1.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,194,030 shares of the company's stock after selling 17,103 shares during the period. American Century Companies Inc. owned approximately 1.35% of Boyd Gaming worth $86,615,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in shares of Boyd Gaming by 80.3% during the 4th quarter. UMB Bank n.a. now owns 393 shares of the company's stock worth $29,000 after purchasing an additional 175 shares during the period. GAMMA Investing LLC raised its stake in shares of Boyd Gaming by 47.4% in the 4th 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 period. Quarry LP lifted its holdings in shares of Boyd Gaming by 150.1% in the 3rd quarter. Quarry LP now owns 873 shares of the company's stock worth $56,000 after acquiring an additional 524 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Boyd Gaming during the 3rd quarter worth approximately $64,000. Finally, Golden State Wealth Management LLC acquired a new stake in Boyd Gaming in the 4th quarter valued at approximately $67,000. Institutional investors and hedge funds own 76.81% of the company's stock.

Insider Activity

In other news, Director William R. Boyd sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $79.32, for a total transaction of $1,189,800.00. Following the completion of the sale, the director now owns 1,472,970 shares in the company, valued at $116,835,980.40. This represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christine J. Spadafor sold 1,125 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $75.28, for a total value of $84,690.00. Following the sale, the director now directly owns 4,852 shares of the company's stock, valued at approximately $365,258.56. This represents a 18.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,125 shares of company stock valued at $5,158,490 in the last ninety days. 27.94% of the stock is currently owned by company insiders.

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Boyd Gaming Stock Down 2.2 %

NYSE:BYD traded down $1.50 during midday trading on Friday, hitting $66.25. 946,309 shares of the company were exchanged, compared to its average volume of 955,243. Boyd Gaming Co. has a fifty-two week low of $49.34 and a fifty-two week high of $80.50. The company has a market capitalization of $5.47 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 4.46 and a beta of 1.55. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. The company has a fifty day simple moving average of $73.90 and a 200 day simple moving average of $70.85.

Boyd Gaming (NYSE:BYD - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.21. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. As a group, equities analysts anticipate that Boyd Gaming Co. will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming announced that its Board of Directors has authorized a stock buyback plan on Thursday, December 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 7.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Boyd Gaming Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a $0.18 dividend. This is an increase from Boyd Gaming's previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, March 17th. Boyd Gaming's dividend payout ratio is presently 11.58%.

Analyst Ratings Changes

A number of research analysts have commented on the company. JMP Securities restated a "market perform" rating on shares of Boyd Gaming in a research note on Friday, February 7th. Truist Financial lifted their target price on Boyd Gaming from $85.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Argus raised shares of Boyd Gaming from a "hold" rating to a "buy" rating and set a $90.00 price target on the stock in a research report on Tuesday, December 17th. Jefferies Financial Group upgraded shares of Boyd Gaming from a "hold" rating to a "buy" rating and lifted their price objective for the company from $73.00 to $92.00 in a report on Friday, January 3rd. Finally, Susquehanna raised shares of Boyd Gaming from a "neutral" rating to a "positive" rating and decreased their price target for the company from $79.00 to $77.00 in a research report on Wednesday, March 12th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $95.20.

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.