Sumitomo Mitsui Trust Group Inc. Purchases 7,850 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Sumitomo Mitsui Trust Group Inc. raised its position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 188,753 shares of the casino operator's stock after buying an additional 7,850 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.17% of Wynn Resorts worth $18,098,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WYNN. International Assets Investment Management LLC bought a new position in Wynn Resorts in the 2nd quarter valued at about $25,000. Blue Trust Inc. increased its holdings in Wynn Resorts by 556.0% in the 3rd quarter. Blue Trust Inc. now owns 551 shares of the casino operator's stock valued at $49,000 after buying an additional 467 shares during the period. Versant Capital Management Inc bought a new position in Wynn Resorts in the 2nd quarter valued at about $51,000. Covestor Ltd increased its holdings in Wynn Resorts by 421.7% in the 1st quarter. Covestor Ltd now owns 626 shares of the casino operator's stock valued at $64,000 after buying an additional 506 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Wynn Resorts by 25.1% in the 2nd quarter. GAMMA Investing LLC now owns 828 shares of the casino operator's stock valued at $74,000 after buying an additional 166 shares during the period. 68.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WYNN shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Wynn Resorts from $122.00 to $118.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Susquehanna lifted their price target on shares of Wynn Resorts from $92.00 to $122.00 and gave the company a "positive" rating in a report on Friday, October 11th. Stifel Nicolaus decreased their price target on shares of Wynn Resorts from $121.00 to $103.00 and set a "buy" rating on the stock in a report on Friday, September 13th. Morgan Stanley lifted their price target on shares of Wynn Resorts from $112.00 to $115.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Finally, Barclays decreased their price target on shares of Wynn Resorts from $125.00 to $119.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Wynn Resorts has an average rating of "Moderate Buy" and a consensus price target of $115.71.

Wynn Resorts Stock Performance

Shares of NASDAQ WYNN traded down $0.28 during midday trading on Monday, reaching $90.46. The stock had a trading volume of 1,751,392 shares, compared to its average volume of 2,229,139. The firm has a market cap of $9.93 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 3.26 and a beta of 1.80. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The company's 50 day moving average price is $92.39 and its 200 day moving average price is $88.17.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by ($0.11). The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 EPS. Equities analysts forecast that Wynn Resorts, Limited will post 4.87 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.11%. Wynn Resorts's dividend payout ratio is currently 12.33%.

Insider Buying and Selling at Wynn Resorts

In other Wynn Resorts news, Director Patricia Mulroy sold 2,650 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $78.73, for a total transaction of $208,634.50. Following the completion of the sale, the director now owns 5,689 shares in the company, valued at approximately $447,894.97. The trade was a 31.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.52% of the stock is currently owned by company insiders.

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.