Wynn Resorts, Limited (NASDAQ:WYNN) Shares Bought by First Dallas Securities Inc.

First Dallas Securities Inc. lifted its holdings in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 124.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,406 shares of the casino operator's stock after purchasing an additional 29,055 shares during the quarter. Wynn Resorts accounts for approximately 2.1% of First Dallas Securities Inc.'s holdings, making the stock its 10th largest position. First Dallas Securities Inc.'s holdings in Wynn Resorts were worth $5,025,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WYNN. International Assets Investment Management LLC bought a new stake in shares of Wynn Resorts in the 2nd quarter worth $25,000. Blue Trust Inc. raised its position in Wynn Resorts by 556.0% in the third quarter. Blue Trust Inc. now owns 551 shares of the casino operator's stock worth $49,000 after acquiring an additional 467 shares in the last quarter. Allworth Financial LP lifted its holdings in Wynn Resorts by 17.5% in the 3rd quarter. Allworth Financial LP now owns 895 shares of the casino operator's stock valued at $86,000 after acquiring an additional 133 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Wynn Resorts by 703.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,028 shares of the casino operator's stock valued at $99,000 after purchasing an additional 900 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of Wynn Resorts by 207.4% in the 3rd quarter. Covestor Ltd now owns 1,408 shares of the casino operator's stock worth $135,000 after purchasing an additional 950 shares during the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.

Wynn Resorts Stock Performance

Shares of NASDAQ:WYNN traded down $0.99 during midday trading on Tuesday, hitting $94.95. The company's stock had a trading volume of 1,415,796 shares, compared to its average volume of 2,210,437. 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 capitalization of $10.43 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 3.45 and a beta of 1.78. The stock's 50 day simple moving average is $95.63 and its 200 day simple moving average is $87.79.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The casino operator reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.11). The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.73 billion. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The firm's revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 earnings per share. As a group, analysts anticipate that Wynn Resorts, Limited will post 4.79 EPS for the current year.

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, November 15th. Wynn Resorts's payout ratio is presently 12.33%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Wynn Resorts from a "buy" rating to a "hold" rating in a report on Tuesday, September 17th. UBS Group upgraded shares of Wynn Resorts to a "hold" rating in a report on Friday, August 23rd. Stifel Nicolaus cut their target price on shares of Wynn Resorts from $121.00 to $103.00 and set a "buy" rating on the stock in a research note on Friday, September 13th. Morgan Stanley lifted their price target on Wynn Resorts from $112.00 to $115.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Finally, Susquehanna raised their price objective on Wynn Resorts from $92.00 to $122.00 and gave the stock a "positive" rating in a research report on Friday, October 11th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.71.

Insider Activity at Wynn Resorts

In related news, Director Patricia Mulroy sold 2,650 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $78.73, for a total value of $208,634.50. Following the sale, the director now owns 5,689 shares of the company's stock, valued at $447,894.97. The trade was a 31.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.52% of the company's stock.

Wynn Resorts 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.