Boyd Gaming Co. (NYSE:BYD) Shares Bought by Cetera Trust Company N.A

Cetera Trust Company N.A raised its position in Boyd Gaming Co. (NYSE:BYD) by 6.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,535 shares of the company’s stock after acquiring an additional 205 shares during the quarter. Cetera Trust Company N.A’s holdings in Boyd Gaming were worth $256,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in Boyd Gaming by 20.9% in the second quarter. Envestnet Asset Management Inc. now owns 49,639 shares of the company’s stock valued at $2,735,000 after buying an additional 8,591 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Boyd Gaming by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 473,682 shares of the company’s stock worth $26,101,000 after purchasing an additional 19,938 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Boyd Gaming by 33.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,103 shares of the company’s stock worth $493,000 after purchasing an additional 2,269 shares in the last quarter. Sei Investments Co. lifted its stake in Boyd Gaming by 24.7% during the second quarter. Sei Investments Co. now owns 497,331 shares of the company’s stock worth $27,403,000 after purchasing an additional 98,508 shares in the last quarter. Finally, Gabelli Funds LLC lifted its stake in Boyd Gaming by 0.7% during the 2nd quarter. Gabelli Funds LLC now owns 150,300 shares of the company’s stock worth $8,282,000 after acquiring an additional 1,100 shares in the last quarter. 76.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Boyd Gaming

In related news, Director Christine J. Spadafor sold 660 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $75.68, for a total transaction of $49,948.80. Following the transaction, the director now owns 5,977 shares in the company, valued at $452,339.36. This trade represents a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William R. Boyd sold 25,155 shares of Boyd Gaming stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $69.35, for a total transaction of $1,744,499.25. Following the completion of the transaction, the director now owns 1,487,970 shares in the company, valued at approximately $103,190,719.50. This trade represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,364 shares of company stock worth $10,590,893 over the last quarter. 28.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BYD has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of Boyd Gaming from $69.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Wells Fargo & Company boosted their price objective on Boyd Gaming from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Stifel Nicolaus raised their target price on shares of Boyd Gaming from $67.00 to $74.00 and gave the company a “hold” rating in a report on Friday, October 25th. Truist Financial increased their price objective on shares of Boyd Gaming from $77.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, StockNews.com upgraded shares of Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.20.

Boyd Gaming Stock Performance

Shares of BYD opened at $75.86 on Wednesday. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 4.17 and a beta of 1.54. The business’s 50 day moving average is $73.06 and its two-hundred day moving average is $65.87. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85. Boyd Gaming Co. has a 52-week low of $49.34 and a 52-week high of $76.73.

Boyd Gaming declared that its board has authorized a stock buyback plan on Thursday, December 5th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 7.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Boyd Gaming Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Monday, December 16th. Boyd Gaming’s payout ratio is currently 12.98%.

Boyd Gaming Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.