Toronto Dominion Bank Sells 642 Shares of Wynn Resorts, Limited (NASDAQ:WYNN)

Toronto Dominion Bank decreased its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 1.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 53,678 shares of the casino operator’s stock after selling 642 shares during the period. Toronto Dominion Bank’s holdings in Wynn Resorts were worth $5,147,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of WYNN. IHT Wealth Management LLC raised its holdings in shares of Wynn Resorts by 1.7% during the third quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator’s stock valued at $654,000 after purchasing an additional 112 shares during the last quarter. Fifth Third Bancorp raised its stake in Wynn Resorts by 8.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,536 shares of the casino operator’s stock valued at $137,000 after buying an additional 120 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Wynn Resorts by 17.5% during the 3rd quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock valued at $86,000 after buying an additional 133 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Wynn Resorts by 2.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,540 shares of the casino operator’s stock worth $496,000 after buying an additional 149 shares during the last quarter. Finally, Prospera Financial Services Inc grew its holdings in shares of Wynn Resorts by 4.1% in the third quarter. Prospera Financial Services Inc now owns 4,616 shares of the casino operator’s stock worth $443,000 after acquiring an additional 181 shares during the period. Institutional investors own 88.64% of the company’s stock.

Insiders Place Their Bets

In other Wynn Resorts news, Director Patricia Mulroy sold 2,650 shares of Wynn Resorts stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $78.73, for a total value of $208,634.50. Following the sale, the director now owns 5,689 shares of the company’s stock, valued at $447,894.97. The trade was a 31.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Wynn Resorts Stock Up 1.1 %

NASDAQ WYNN opened at $94.53 on Friday. Wynn Resorts, Limited has a twelve month low of $71.63 and a twelve month high of $110.38. The business has a 50-day moving average price of $94.99 and a 200-day moving average price of $87.84. The firm has a market cap of $10.38 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 3.46 and a beta of 1.78.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.11). The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.73 billion. Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 earnings per share. Research analysts expect that Wynn Resorts, Limited will post 4.79 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.06%. Wynn Resorts’s dividend payout ratio is currently 12.33%.

Analysts Set New Price Targets

A number of research firms have weighed in on WYNN. Wells Fargo & Company lowered their target price on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. StockNews.com downgraded shares of Wynn Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Susquehanna increased their price target on shares of Wynn Resorts from $92.00 to $122.00 and gave the stock a “positive” rating in a research report on Friday, October 11th. Finally, Stifel Nicolaus cut their price objective on shares of Wynn Resorts from $121.00 to $103.00 and set a “buy” rating for the company in a research report on Friday, September 13th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.71.

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.