OneDigital Investment Advisors LLC Acquires Shares of 10,846 Wynn Resorts, Limited $WYNN

OneDigital Investment Advisors LLC bought a new position in Wynn Resorts, Limited (NASDAQ:WYNN) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,846 shares of the casino operator’s stock, valued at approximately $1,053,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. grew its holdings in shares of Wynn Resorts by 54.9% during the fourth quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock valued at $30,000 after buying an additional 89 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in Wynn Resorts in the 2nd quarter worth approximately $25,000. SHP Wealth Management purchased a new position in Wynn Resorts in the 4th quarter worth approximately $32,000. International Assets Investment Management LLC bought a new position in Wynn Resorts in the 4th quarter valued at approximately $34,000. Finally, Geneos Wealth Management Inc. lifted its position in Wynn Resorts by 69.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock valued at $32,000 after acquiring an additional 156 shares in the last quarter. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Stock Up 0.3%

Shares of NASDAQ:WYNN opened at $102.79 on Tuesday. The firm’s 50 day moving average price is $100.31 and its 200-day moving average price is $103.21. Wynn Resorts, Limited has a twelve month low of $92.52 and a twelve month high of $134.72. The stock has a market capitalization of $10.58 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 0.90 and a beta of 1.01.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Tuesday, August 4th. The casino operator reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.25. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.83 billion. Wynn Resorts had a net margin of 6.05% and a negative return on equity of 46.52%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.09 earnings per share. Analysts expect that Wynn Resorts, Limited will post 4.63 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, August 14th. Wynn Resorts’s dividend payout ratio (DPR) is currently 24.81%.

Analyst Ratings Changes

WYNN has been the subject of a number of research analyst reports. Argus lifted their target price on Wynn Resorts from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Barclays upped their price target on Wynn Resorts from $134.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. dropped their price objective on Wynn Resorts from $135.00 to $134.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Zacks Research upgraded Wynn Resorts from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Finally, The Goldman Sachs Group set a $120.00 target price on Wynn Resorts in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.19.

Wynn Resorts Company Profile

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.