J.W. Cole Advisors Inc. Sells 6,960 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

J.W. Cole Advisors Inc. lowered its position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 57.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,070 shares of the casino operator's stock after selling 6,960 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Wynn Resorts were worth $437,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in WYNN. Fisher Asset Management LLC grew its stake in shares of Wynn Resorts by 70.7% during the third quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator's stock valued at $380,821,000 after buying an additional 1,644,965 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Wynn Resorts by 1.5% during the third quarter. Geode Capital Management LLC now owns 2,406,260 shares of the casino operator's stock valued at $229,945,000 after buying an additional 34,907 shares during the last quarter. Regal Partners Ltd grew its stake in shares of Wynn Resorts by 24.0% during the third quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator's stock valued at $86,168,000 after buying an additional 174,005 shares during the last quarter. Holocene Advisors LP grew its stake in shares of Wynn Resorts by 27,868.5% during the third quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator's stock valued at $72,672,000 after buying an additional 755,236 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Wynn Resorts by 1.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 624,469 shares of the casino operator's stock valued at $59,874,000 after buying an additional 10,465 shares during the last quarter. Institutional investors own 88.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WYNN. JPMorgan Chase & Co. increased their target price on shares of Wynn Resorts from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. StockNews.com upgraded shares of Wynn Resorts from a "hold" rating to a "buy" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Wynn Resorts from $122.00 to $118.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Jefferies Financial Group upgraded shares of Wynn Resorts from a "hold" rating to a "buy" rating and increased their target price for the stock from $105.00 to $118.00 in a report on Tuesday. Finally, Mizuho increased their target price on shares of Wynn Resorts from $118.00 to $132.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Wynn Resorts currently has an average rating of "Buy" and a consensus target price of $120.58.

Insider Activity at Wynn Resorts

In other news, Director Philip G. Satre bought 22,200 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the purchase, the director now owns 34,195 shares in the company, valued at $3,152,095.10. This 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 link. 0.52% of the stock is owned by corporate insiders.

Wynn Resorts Stock Performance

Shares of WYNN traded down $2.71 on Friday, hitting $90.76. 2,961,032 shares of the stock traded hands, compared to its average volume of 2,922,238. The company has a market capitalization of $9.66 billion, a PE ratio of 21.56, a P/E/G ratio of 2.32 and a beta of 1.76. The business has a 50 day simple moving average of $85.39 and a 200 day simple moving average of $87.14. Wynn Resorts, Limited has a one year low of $71.63 and a one year high of $110.38.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, beating the consensus estimate of $1.27 by $1.15. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.78 billion. On average, equities analysts expect that Wynn Resorts, Limited will post 5.17 earnings per share for the current year.

Wynn Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Monday, February 24th. Wynn Resorts's dividend payout ratio (DPR) is 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.