Wynn Resorts, Limited (WYNN) Position Reduced by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 26.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,021 shares of the casino operator’s stock after selling 4,282 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Wynn Resorts, Limited were worth $1,790,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. State Board of Administration of Florida Retirement System increased its holdings in shares of Wynn Resorts, Limited by 1.9% in the third quarter. State Board of Administration of Florida Retirement System now owns 130,274 shares of the casino operator’s stock valued at $19,400,000 after buying an additional 2,460 shares in the last quarter. Decatur Capital Management Inc. increased its holdings in shares of Wynn Resorts, Limited by 6.0% in the third quarter. Decatur Capital Management Inc. now owns 76,434 shares of the casino operator’s stock valued at $11,383,000 after buying an additional 4,350 shares in the last quarter. Andra AP fonden increased its holdings in shares of Wynn Resorts, Limited by 193.8% in the third quarter. Andra AP fonden now owns 9,400 shares of the casino operator’s stock valued at $1,400,000 after buying an additional 6,200 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Wynn Resorts, Limited by 245.4% in the third quarter. Canada Pension Plan Investment Board now owns 130,010 shares of the casino operator’s stock valued at $19,361,000 after buying an additional 92,371 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Wynn Resorts, Limited in the third quarter valued at $418,000. 70.67% of the stock is currently owned by institutional investors.

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In other Wynn Resorts, Limited news, EVP Kimmarie Sinatra sold 20,795 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $152.03, for a total transaction of $3,161,463.85. Following the completion of the transaction, the executive vice president now owns 226,992 shares of the company’s stock, valued at approximately $34,509,593.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alvin V. Shoemaker sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $151.74, for a total transaction of $2,276,100.00. Following the transaction, the director now directly owns 19,162 shares of the company’s stock, valued at approximately $2,907,641.88. The disclosure for this sale can be found here. Insiders sold 100,146 shares of company stock valued at $14,671,932 over the last quarter. 13.20% of the stock is currently owned by corporate insiders.

Several research analysts have issued reports on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $134.00 price target (up previously from $128.00) on shares of Wynn Resorts, Limited in a report on Wednesday, July 26th. BidaskClub cut Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Bank of America Corporation reaffirmed a “neutral” rating and issued a $140.00 price target (up previously from $135.00) on shares of Wynn Resorts, Limited in a report on Friday, July 21st. UBS AG cut Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, Citigroup Inc. upped their price target on Wynn Resorts, Limited to $161.00 and gave the company a “buy” rating in a report on Monday, October 16th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Wynn Resorts, Limited has an average rating of “Buy” and a consensus target price of $148.11.

Shares of Wynn Resorts, Limited (NASDAQ WYNN) opened at $154.03 on Monday. The stock has a market cap of $15,831.59, a price-to-earnings ratio of 34.69 and a beta of 1.72. Wynn Resorts, Limited has a fifty-two week low of $82.51 and a fifty-two week high of $154.67. The company has a quick ratio of 1.68, a current ratio of 1.72 and a debt-to-equity ratio of 24.54.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its quarterly earnings data on Thursday, October 26th. The casino operator reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.24. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Wynn Resorts, Limited had a net margin of 6.57% and a return on equity of 106.21%. Wynn Resorts, Limited’s revenue for the quarter was up 45.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 earnings per share. analysts anticipate that Wynn Resorts, Limited will post 5.34 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Thursday, November 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Wednesday, November 15th. Wynn Resorts, Limited’s dividend payout ratio is presently 55.25%.

About Wynn Resorts, Limited

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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