Bp Plc Has $4.02 Million Position in Wynn Resorts, Limited (NASDAQ:WYNN)

BP PLC boosted its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 172.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,000 shares of the casino operator’s stock after buying an additional 19,000 shares during the period. BP PLC’s holdings in Wynn Resorts, Limited were worth $4,023,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Lakeview Capital Partners LLC boosted its stake in Wynn Resorts, Limited by 1.9% in the second quarter. Lakeview Capital Partners LLC now owns 2,750 shares of the casino operator’s stock valued at $369,000 after buying an additional 50 shares in the last quarter. Advisor Partners LLC boosted its stake in shares of Wynn Resorts, Limited by 8.7% in the second quarter. Advisor Partners LLC now owns 2,087 shares of the casino operator’s stock valued at $280,000 after buying an additional 167 shares during the period. American Assets Capital Advisers acquired a new stake in shares of Wynn Resorts, Limited during the second quarter valued at approximately $10,621,000. TD Asset Management Inc. boosted its stake in shares of Wynn Resorts, Limited by 1.9% in the second quarter. TD Asset Management Inc. now owns 29,020 shares of the casino operator’s stock valued at $3,892,000 after buying an additional 542 shares during the period. Finally, Retirement Systems of Alabama boosted its stake in shares of Wynn Resorts, Limited by 0.7% in the second quarter. Retirement Systems of Alabama now owns 38,712 shares of the casino operator’s stock valued at $5,192,000 after buying an additional 284 shares during the period. 72.83% of the stock is owned by institutional investors.

Shares of Wynn Resorts, Limited (NASDAQ WYNN) opened at 134.90 on Friday. The firm has a 50-day moving average of $131.69 and a 200-day moving average of $120.08. The firm has a market capitalization of $13.75 billion, a PE ratio of 50.49 and a beta of 1.72. Wynn Resorts, Limited has a 12-month low of $82.51 and a 12-month high of $139.67.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the firm posted $1.07 EPS. The company’s revenue was up 44.5% on a year-over-year basis. Equities analysts anticipate that Wynn Resorts, Limited will post $4.90 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, August 8th. Wynn Resorts, Limited’s dividend payout ratio (DPR) is currently 74.91%.

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WYNN has been the topic of a number of research analyst reports. Barclays PLC raised shares of Wynn Resorts, Limited from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $87.00 to $144.00 in a report on Friday, May 12th. Vetr raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $140.28 target price on the stock in a report on Thursday, June 29th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Wynn Resorts, Limited in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Wynn Resorts, Limited from a “hold” rating to a “strong-buy” rating and set a $144.00 target price on the stock in a report on Friday, April 28th. Finally, Telsey Advisory Group lowered shares of Wynn Resorts, Limited from an “outperform” rating to a “market perform” rating and set a $150.00 price target on the stock. in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Wynn Resorts, Limited presently has an average rating of “Hold” and a consensus target price of $126.99.

In related news, President Matt Maddox sold 44,309 shares of the firm’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $134.35, for a total value of $5,952,914.15. Following the completion of the transaction, the president now directly owns 344,895 shares of the company’s stock, valued at $46,336,643.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Clark T. Jr. Randt sold 3,000 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $129.00, for a total transaction of $387,000.00. Following the completion of the transaction, the director now directly owns 7,711 shares of the company’s stock, valued at $994,719. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,933 shares of company stock valued at $9,261,125. Insiders own 13.20% of the company’s stock.

Wynn Resorts, Limited Company Profile

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

Institutional Ownership by Quarter for Wynn Resorts, Limited (NASDAQ:WYNN)

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