Carlton Hofferkamp & Jenks Wealth Management LLC Has $229,000 Stake in Wynn Resorts, Limited (NASDAQ:WYNN)

Carlton Hofferkamp & Jenks Wealth Management LLC decreased its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,805 shares of the casino operator’s stock after selling 200 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Wynn Resorts were worth $229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WYNN. New Wave Wealth Advisors LLC acquired a new position in Wynn Resorts during the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Wynn Resorts during the third quarter valued at about $31,000. SBI Securities Co. Ltd. acquired a new position in shares of Wynn Resorts during the fourth quarter valued at about $36,000. Spire Wealth Management raised its position in shares of Wynn Resorts by 116.4% during the fourth quarter. Spire Wealth Management now owns 435 shares of the casino operator’s stock valued at $37,000 after buying an additional 234 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Wynn Resorts by 15.0% during the fourth quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator’s stock valued at $81,000 after buying an additional 122 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Insider Activity

In related news, Director Philip G. Satre purchased 22,200 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the purchase, the director now directly owns 34,195 shares of the company’s stock, valued at $3,152,095.10. This trade represents a 185.08 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is owned by insiders.

Wynn Resorts Trading Down 0.4 %

Shares of Wynn Resorts stock opened at $88.93 on Tuesday. Wynn Resorts, Limited has a 1-year low of $71.63 and a 1-year high of $110.38. The firm’s 50-day moving average price is $85.37 and its two-hundred day moving average price is $88.05. The stock has a market capitalization of $9.46 billion, a price-to-earnings ratio of 21.12, a P/E/G ratio of 2.35 and a beta of 1.76.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, beating the consensus estimate of $1.27 by $1.15. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.78 billion. As a group, equities research analysts predict that Wynn Resorts, Limited will post 5.17 EPS for the current year.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.00 annualized dividend and a dividend yield of 1.12%. Wynn Resorts’s dividend payout ratio (DPR) is currently 23.75%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WYNN shares. Barclays upped their price objective on shares of Wynn Resorts from $115.00 to $116.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Stifel Nicolaus increased their price target on shares of Wynn Resorts from $123.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Mizuho increased their price target on shares of Wynn Resorts from $118.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. StockNews.com lowered shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company dropped their price target on shares of Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $119.58.

Wynn Resorts Profile

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.