Charles Schwab Investment Management Inc. Has $82.06 Million Stake in Wynn Resorts, Limited (NASDAQ:WYNN)

Charles Schwab Investment Management Inc. increased its position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 952,442 shares of the casino operator's stock after purchasing an additional 5,032 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.87% of Wynn Resorts worth $82,062,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of WYNN. New Wave Wealth Advisors LLC acquired a new position in Wynn Resorts in the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Wynn Resorts in the 3rd quarter valued at approximately $31,000. SBI Securities Co. Ltd. bought a new position in Wynn Resorts during the fourth quarter worth $36,000. Spire Wealth Management lifted its stake in Wynn Resorts by 116.4% during the fourth quarter. Spire Wealth Management now owns 435 shares of the casino operator's stock worth $37,000 after purchasing an additional 234 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Wynn Resorts by 15.0% during the fourth quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator's stock worth $81,000 after purchasing an additional 122 shares during the period. Institutional investors and hedge funds own 88.64% of the company's stock.

Insider Buying and Selling at Wynn Resorts

In related news, Director Philip G. Satre acquired 22,200 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the acquisition, the director now owns 34,195 shares of the company's stock, valued at $3,152,095.10. This trade represents a 185.08 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.52% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Mizuho lifted their price target on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an "outperform" rating in a report on Friday, February 14th. Macquarie reaffirmed an "outperform" rating and issued a $115.00 target price on shares of Wynn Resorts in a research report on Friday, February 14th. Stifel Nicolaus raised their target price on Wynn Resorts from $123.00 to $128.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Jefferies Financial Group raised Wynn Resorts from a "hold" rating to a "buy" rating and increased their price target for the stock from $105.00 to $118.00 in a research note on Tuesday, February 18th. Finally, Barclays upped their price objective on shares of Wynn Resorts from $115.00 to $116.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Wynn Resorts has a consensus rating of "Moderate Buy" and a consensus target price of $119.58.

Wynn Resorts Price Performance

WYNN traded down $2.31 during trading on Wednesday, reaching $85.07. 1,099,350 shares of the stock traded hands, compared to its average volume of 2,666,577. The stock's 50-day simple moving average is $85.43 and its two-hundred day simple moving average is $88.54. Wynn Resorts, Limited has a fifty-two week low of $71.63 and a fifty-two week high of $110.38. The stock has a market cap of $9.05 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 2.35 and a beta of 1.77.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $1.15. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. Research analysts anticipate that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Monday, February 24th. Wynn Resorts's dividend payout ratio (DPR) is presently 23.75%.

About Wynn Resorts

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.