California Public Employees Retirement System Sells 3,965 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

California Public Employees Retirement System trimmed its position in Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 180,301 shares of the casino operator's stock after selling 3,965 shares during the period. California Public Employees Retirement System owned 0.16% of Wynn Resorts worth $15,535,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new stake in shares of Wynn Resorts in the 4th quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Wynn Resorts in the third quarter worth about $31,000. SBI Securities Co. Ltd. bought a new position in shares of Wynn Resorts during the fourth quarter valued at approximately $36,000. Spire Wealth Management lifted its holdings in shares of Wynn Resorts by 116.4% during the fourth quarter. Spire Wealth Management now owns 435 shares of the casino operator's stock valued at $37,000 after purchasing an additional 234 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Wynn Resorts by 15.0% in the 4th quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator's stock worth $81,000 after purchasing an additional 122 shares in the last quarter. Institutional investors own 88.64% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WYNN shares. StockNews.com lowered Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Mizuho lifted their price target on Wynn Resorts from $118.00 to $132.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. Stifel Nicolaus upped their price target on shares of Wynn Resorts from $123.00 to $128.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Morgan Stanley reduced their price objective on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. Finally, Jefferies Financial Group upgraded shares of Wynn Resorts from a "hold" rating to a "buy" rating and upped their target price for the stock from $105.00 to $118.00 in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $119.58.

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Wynn Resorts Trading Up 14.7 %

NASDAQ:WYNN traded up $9.73 during trading hours on Wednesday, reaching $75.83. The company had a trading volume of 7,585,304 shares, compared to its average volume of 2,443,358. The firm's 50 day moving average price is $83.69 and its 200-day moving average price is $88.84. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 2.35 and a beta of 1.53. Wynn Resorts, Limited has a 52 week low of $65.25 and a 52 week high of $107.81.

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, topping the consensus estimate of $1.27 by $1.15. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.78 billion. On average, analysts forecast that Wynn Resorts, Limited will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Monday, February 24th. Wynn Resorts's dividend payout ratio (DPR) is presently 23.75%.

Insider Buying and Selling

In other Wynn Resorts news, major shareholder Tilman J. Fertitta acquired 5,025 shares of the business's stock in a transaction dated Friday, March 21st. The stock was purchased at an average price of $80.99 per share, with a total value of $406,974.75. Following the transaction, the insider now directly owns 10,905,025 shares in the company, valued at approximately $883,197,974.75. The trade was a 0.05 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Philip G. Satre bought 22,200 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the acquisition, the director now owns 34,195 shares in the company, valued at $3,152,095.10. This trade represents a 185.08 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 438,700 shares of company stock valued at $31,300,943. 0.52% of the stock is owned by 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.