Dividend of The Day: Shareholders can safely expect $0.50 dividends by Nov 29, 2016, from Wynn Resorts, Limited (NASDAQ:WYNN).

Dividend of The Day: Shareholders can safely expect $0.50 dividends by Nov 29, 2016, from Wynn Resorts, Limited (NASDAQ:WYNN).

Wynn Resorts, Limited (NASDAQ:WYNN) is expected to pay $0.50 on Nov 29, 2016. The indicated annual dividend is $2.00. Shareholders owning the stock before Nov 15, 2016 will be eligible to receive the payout. Based on Wynn Resorts, Limited’s current price of $84.98, the dividend is 0.59%. This dividend’s record date is Nov 17, 2016 and the announcement date is Nov 3, 2016. The stock decreased 0.38% or $0.32 during the last trading session, hitting $84.98. About 163 shares traded hands. Wynn Resorts, Limited (NASDAQ:WYNN) has declined 12.56% since April 12, 2016 and is downtrending. It has underperformed by 17.55% the S&P500.

Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The company has a market cap of $8.61 billion. The Firm operates through two divisions: Macau Operations and Las Vegas Operations. It has a 36.34 P/E ratio. In Macau, it owns interest in Wynn Macau, Limited and operates Wynn Macau and Encore at Wynn Macau.

Insitutional Activity: The institutional sentiment decreased to 1.01 in Q2 2016. Its down 0.37, from 1.38 in 2016Q1. The ratio worsened, as 45 funds sold all Wynn Resorts, Limited shares owned while 135 reduced positions. 50 funds bought stakes while 131 increased positions. They now own 75.05 million shares or 4.08% less from 78.24 million shares in 2016Q1.
Moreover, Bancorp Of America De has 0% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 200,587 shares. Banque Pictet And Cie Sa accumulated 33,415 shares or 0.08% of the stock. Peak6 Invs Lp has 88,431 shares for 0.06% of their US portfolio. Motley Fool Asset Lc reported 30,000 shares or 0.59% of all its holdings. The Luxembourg-based Pictet & Cie (Europe) has invested 0.13% in Wynn Resorts, Limited (NASDAQ:WYNN). Southeastern Asset Tn accumulated 11.60 million shares or 10.73% of the stock. State Treasurer State Of Michigan accumulated 28,274 shares or 0.02% of the stock. Meeder Asset Mngmt has invested 0.06% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). Bp Public Limited Liability reported 11,000 shares or 0.04% of all its holdings. Fjarde Ap owns 18,758 shares or 0.04% of their US portfolio. Invesco has invested 0.01% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). Seven Eight Capital Ltd Liability Corporation accumulated 2,714 shares or 0.08% of the stock. Tiaa Cref Investment Mngmt Ltd last reported 0.02% of its portfolio in the stock. Sunbelt Secs Inc reported 2,011 shares or 0% of all its holdings. Waterfront Capital Prtn Limited Liability accumulated 2.12% or 147,000 shares.

Insider Transactions: Since November 9, 2016, the stock had 0 insider purchases, and 1 sale for $3.27 million net activity. WAYSON DANIEL BOONE sold $3.27M worth of Wynn Resorts, Limited (NASDAQ:WYNN) on Wednesday, November 9.

Wynn Resorts, Limited (NASDAQ:WYNN) Ratings Coverage

Out of 19 analysts covering Wynn Resorts (NASDAQ:WYNN), 8 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 42% are positive. Wynn Resorts has been the topic of 38 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Tuesday, March 22, the company rating was upgraded by Morgan Stanley. The firm earned “Hold” rating on Thursday, November 3 by Stifel Nicolaus. Credit Agricole downgraded the shares of WYNN in a report on Friday, April 29 to “Outperform” rating. The firm has “Buy” rating by Deutsche Bank given on Friday, March 18. On Wednesday, October 12 the stock rating was maintained by Deutsche Bank with “Hold”. As per Friday, July 29, the company rating was downgraded by CLSA. Telsey Advisory Group maintained it with “Outperform” rating and $115 target price in Friday, July 29 report. The firm has “Outperform” rating given on Friday, October 16 by Credit Suisse. CLSA downgraded it to “Outperform” rating and $97 target price in Friday, April 29 report. JP Morgan maintained the shares of WYNN in a report on Thursday, October 8 with “Overweight” rating.

More notable recent Wynn Resorts, Limited (NASDAQ:WYNN) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Wynn Resorts, Walgreens Boots Alliance and Starbucks” on November 11, 2016, also Fool.com with their article: “Better Buy: Wynn Resorts Ltd. vs. Caesars Entertainment” published on October 24, 2016, Businesswire.com published: “Wynn Resorts, Limited Reports Third Quarter 2016 Results” on November 02, 2016. More interesting news about Wynn Resorts, Limited (NASDAQ:WYNN) were released by: Seekingalpha.com and their article: “Wynn Resorts, Limited’s (WYNN) CEO Steve Wynn on Q3 2016 Results – Earnings …” published on November 05, 2016 as well as Forbes.com‘s news article titled: “Oversold Conditions For Wynn Resorts (WYNN)” with publication date: November 03, 2016.

WYNN Company Profile

Wynn Resorts, Limited (Wynn Resorts), incorporated on June 3, 2002, is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Firm operates through two divisions: Macau Operations and Las Vegas Operations. In Macau, it owns interest in Wynn Macau, Limited and operates Wynn Macau and Encore at Wynn Macau. In Las Vegas, Nevada, it owns and operates Wynn Las Vegas and Encore at Wynn Las Vegas. In addition, the Company is developing an integrated casino resort in Everett, Massachusetts.

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