Capital Financial Group Inc. Co. ADV Purchases Shares of 5,591 Wynn Resorts, Limited $WYNN

Capital Financial Group Inc. Co. ADV purchased a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,591 shares of the casino operator’s stock, valued at approximately $673,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its stake in Wynn Resorts by 54.9% in the fourth quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock valued at $30,000 after acquiring an additional 89 shares during the last quarter. Horizon Investments LLC lifted its stake in Wynn Resorts by 6.7% in the fourth quarter. Horizon Investments LLC now owns 1,500 shares of the casino operator’s stock valued at $180,000 after acquiring an additional 94 shares during the last quarter. Parallel Advisors LLC lifted its stake in Wynn Resorts by 21.6% in the third quarter. Parallel Advisors LLC now owns 563 shares of the casino operator’s stock valued at $72,000 after acquiring an additional 100 shares during the last quarter. Cromwell Holdings LLC lifted its stake in Wynn Resorts by 68.2% in the fourth quarter. Cromwell Holdings LLC now owns 254 shares of the casino operator’s stock valued at $31,000 after acquiring an additional 103 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in Wynn Resorts by 23.5% in the fourth quarter. Larson Financial Group LLC now owns 557 shares of the casino operator’s stock valued at $67,000 after acquiring an additional 106 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Price Performance

Shares of WYNN opened at $105.96 on Tuesday. The firm has a market capitalization of $11.00 billion, a PE ratio of 31.63, a PEG ratio of 1.00 and a beta of 0.98. The company’s 50-day moving average is $103.22 and its 200-day moving average is $110.33. Wynn Resorts, Limited has a fifty-two week low of $85.96 and a fifty-two week high of $134.72.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Thursday, May 7th. The casino operator reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.07. Wynn Resorts had a net margin of 5.14% and a negative return on equity of 42.03%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the firm earned $1.07 earnings per share. The company’s revenue was up 9.2% on a year-over-year basis. Analysts predict that Wynn Resorts, Limited will post 4.61 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, May 18th. Wynn Resorts’s dividend payout ratio (DPR) is currently 29.85%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WYNN. Citigroup cut their price target on shares of Wynn Resorts from $145.00 to $132.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Mizuho dropped their price objective on shares of Wynn Resorts from $134.00 to $133.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 12th. Bank of America dropped their price objective on shares of Wynn Resorts from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Jefferies Financial Group dropped their price objective on shares of Wynn Resorts from $161.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Wynn Resorts from $140.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Wynn Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $140.00.

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.