Vontobel Asset Management Inc. increased its position in Las Vegas Sands Corp. (NYSE:LVS) by 11.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 598,147 shares of the casino operator’s stock after buying an additional 59,066 shares during the quarter. Vontobel Asset Management Inc.’s holdings in Las Vegas Sands were worth $35,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in LVS. Manchester Financial Inc. purchased a new position in Las Vegas Sands in the 2nd quarter worth approximately $26,000. Manchester Capital Management LLC increased its stake in Las Vegas Sands by 164.8% in the 2nd quarter. Manchester Capital Management LLC now owns 482 shares of the casino operator’s stock worth $28,000 after purchasing an additional 300 shares during the period. Icon Wealth Partners LLC purchased a new position in Las Vegas Sands in the 1st quarter worth approximately $32,000. Berman Capital Advisors LLC increased its stake in Las Vegas Sands by 88.1% in the 1st quarter. Berman Capital Advisors LLC now owns 585 shares of the casino operator’s stock worth $35,000 after purchasing an additional 274 shares during the period. Finally, Rehmann Capital Advisory Group increased its stake in Las Vegas Sands by 49.0% in the 1st quarter. Rehmann Capital Advisory Group now owns 605 shares of the casino operator’s stock worth $37,000 after purchasing an additional 199 shares during the period. Institutional investors own 36.29% of the company’s stock.
Shares of LVS traded up $0.29 during mid-day trading on Monday, hitting $59.63. 233,605 shares of the company’s stock traded hands, compared to its average volume of 3,614,197. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 1.81. Las Vegas Sands Corp. has a 1 year low of $47.39 and a 1 year high of $69.60. The firm has a market capitalization of $46.30 billion, a P/E ratio of 17.95, a PEG ratio of 7.91 and a beta of 1.60. The business’s 50-day moving average price is $56.09 and its 200-day moving average price is $60.32.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Wednesday, September 18th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $3.08 annualized dividend and a dividend yield of 5.17%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 92.77%.
A number of equities analysts have commented on the company. Goldman Sachs Group raised Las Vegas Sands to a “buy” rating in a research note on Tuesday, June 11th. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Morgan Stanley decreased their price target on Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. Deutsche Bank raised Las Vegas Sands from a “hold” rating to a “buy” rating and lifted their price target for the stock from $69.00 to $70.00 in a research note on Sunday, September 8th. Finally, Zacks Investment Research raised Las Vegas Sands from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research note on Wednesday, May 22nd. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $67.36.
About Las Vegas Sands
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and iconic Marina Bay Sands in Singapore.
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