Toronto Dominion Bank Has $6.10 Million Stock Position in MGM Resorts International (NYSE:MGM)

Toronto Dominion Bank reduced its position in MGM Resorts International (NYSE:MGMGet Rating) by 8.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 210,563 shares of the company’s stock after selling 18,605 shares during the period. Toronto Dominion Bank owned about 0.05% of MGM Resorts International worth $6,095,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of MGM. RB Capital Management LLC lifted its stake in MGM Resorts International by 29.1% in the 1st quarter. RB Capital Management LLC now owns 7,796 shares of the company’s stock valued at $327,000 after purchasing an additional 1,756 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in MGM Resorts International by 21.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 12,286 shares of the company’s stock valued at $515,000 after acquiring an additional 2,182 shares during the period. DAVENPORT & Co LLC raised its holdings in MGM Resorts International by 7.7% in the 1st quarter. DAVENPORT & Co LLC now owns 10,125 shares of the company’s stock valued at $425,000 after acquiring an additional 725 shares during the period. FDx Advisors Inc. raised its holdings in MGM Resorts International by 15.4% in the 1st quarter. FDx Advisors Inc. now owns 6,937 shares of the company’s stock valued at $291,000 after acquiring an additional 928 shares during the period. Finally, Metis Global Partners LLC bought a new position in MGM Resorts International in the 1st quarter valued at about $255,000. 67.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MGM shares. Argus cut shares of MGM Resorts International from a “buy” rating to a “hold” rating in a report on Thursday, September 8th. Citigroup raised their target price on shares of MGM Resorts International from $58.00 to $58.50 and gave the stock a “buy” rating in a report on Monday, September 26th. StockNews.com initiated coverage on shares of MGM Resorts International in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Truist Financial raised their target price on shares of MGM Resorts International from $35.00 to $40.00 in a report on Thursday, August 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of MGM Resorts International from $47.00 to $48.00 and gave the stock an “overweight” rating in a report on Thursday, November 3rd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.03.

Insider Buying and Selling at MGM Resorts International

In related news, Director Rose Mckinney-James sold 5,741 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $37.50, for a total value of $215,287.50. Following the sale, the director now owns 5,740 shares in the company, valued at approximately $215,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Rose Mckinney-James sold 5,741 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $37.50, for a total transaction of $215,287.50. Following the completion of the transaction, the director now directly owns 5,740 shares of the company’s stock, valued at approximately $215,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Corey Ian Sanders sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $38.00, for a total transaction of $760,000.00. Following the transaction, the chief operating officer now directly owns 311,498 shares of the company’s stock, valued at $11,836,924. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,741 shares of company stock valued at $1,337,388. Corporate insiders own 2.13% of the company’s stock.

MGM Resorts International Price Performance

MGM stock opened at $35.88 on Thursday. The firm has a market cap of $13.78 billion, a price-to-earnings ratio of 12.29 and a beta of 2.06. The company has a quick ratio of 1.47, a current ratio of 1.49 and a debt-to-equity ratio of 1.24. MGM Resorts International has a 12-month low of $26.41 and a 12-month high of $49.00. The company’s fifty day simple moving average is $33.46 and its 200 day simple moving average is $32.86.

MGM Resorts International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, December 9th will be paid a $0.0025 dividend. This represents a $0.01 annualized dividend and a yield of 0.03%. The ex-dividend date is Thursday, December 8th. MGM Resorts International’s dividend payout ratio (DPR) is currently 0.34%.

MGM Resorts International Profile

(Get Rating)

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

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Institutional Ownership by Quarter for MGM Resorts International (NYSE:MGM)

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