Cibc World Market Inc. Makes New $1.65 Million Investment in Wynn Resorts, Limited $WYNN

Cibc World Market Inc. acquired a new stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 16,951 shares of the casino operator’s stock, valued at approximately $1,646,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Wynn Resorts in the 2nd quarter worth about $609,566,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Wynn Resorts during the 2nd quarter valued at about $321,402,000. Egerton Capital UK LLP bought a new position in Wynn Resorts during the 4th quarter valued at about $249,053,000. Palidye Holdings Caymans Ltd purchased a new stake in Wynn Resorts in the 2nd quarter worth about $104,629,000. Finally, Norges Bank purchased a new stake in Wynn Resorts in the 4th quarter worth about $122,696,000. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Key Stories Impacting Wynn Resorts

Here are the key news stories impacting Wynn Resorts this week:

• Positive Sentiment: Higher Wynn Macau dividend supports cash-flow sentiment: Wynn Macau Ltd. increased its interim dividend to US$0.028 per share, signaling confidence in operating performance and potentially supporting distributions to parent company Wynn Resorts. Wynn Macau Ltd raises interim dividend to US$0.028
• Positive Sentiment: Broad upward earnings revisions: Zacks Research raised its EPS forecasts for Wynn Resorts’ third quarter and full year 2026, first and second quarters and full year 2027, and first quarter 2028. Its FY2026 estimate increased to $4.38 from $4.18, while FY2027 rose to $5.03 from $4.92, suggesting improving profit expectations.
• Positive Sentiment: Portfolio investments seen as a competitive advantage: An analyst report said Wynn’s investments across its properties support its brand strength and competitive positioning, potentially reinforcing the company’s long-term growth outlook. Wynn’s Investments Across Its Portfolio Support Its Competitive Standing and Brand Advantage
• Neutral Sentiment: Expansion progress at Wynn Al Marjan: The company unveiled a “Townhomes” accommodation concept for its developing resort in the United Arab Emirates. The announcement adds detail to the project’s positioning but does not provide a material near-term financial update. Wynn Al Marjan reveals Townhomes accommodation concept
• Negative Sentiment: Analyst rating remains cautious: Despite the mostly higher forecasts, Zacks Research maintained a “Hold” rating and lowered its Q4 2026 EPS estimate to $1.05 from $1.09. The mixed outlook may be limiting investor enthusiasm.

Analysts Set New Price Targets

Several brokerages have issued reports on WYNN. Citigroup restated a “buy” rating on shares of Wynn Resorts in a research report on Thursday, August 6th. Mizuho reduced their price target on Wynn Resorts from $133.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. Stifel Nicolaus set a $143.00 price target on Wynn Resorts in a research note on Wednesday, August 5th. The Goldman Sachs Group set a $120.00 price objective on Wynn Resorts in a report on Wednesday, July 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Wynn Resorts in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wynn Resorts presently has an average rating of “Moderate Buy” and a consensus target price of $134.19.

Wynn Resorts Price Performance

Shares of WYNN opened at $93.61 on Friday. Wynn Resorts, Limited has a 1-year low of $92.52 and a 1-year high of $134.72. The company has a 50-day moving average of $99.21 and a 200 day moving average of $102.49. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 0.85 and a beta of 1.01.

Wynn Resorts (NASDAQ:WYNN) last issued its earnings results on Tuesday, August 4th. The casino operator reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.25. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.83 billion. Wynn Resorts had a net margin of 6.05% and a negative return on equity of 46.52%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 EPS. On average, equities analysts anticipate that Wynn Resorts, Limited will post 4.65 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.25 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.1%. Wynn Resorts’s payout ratio is presently 24.81%.

Wynn Resorts 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.