Wetherby Asset Management Inc. boosted its position in Las Vegas Sands Corp. (NYSE:LVS) by 8.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,234 shares of the casino operator’s stock after purchasing an additional 336 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Las Vegas Sands were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Manchester Financial Inc. bought a new position in shares of Las Vegas Sands in the 2nd quarter worth $26,000. Venturi Wealth Management LLC bought a new position in shares of Las Vegas Sands in the 3rd quarter worth $27,000. Manchester Capital Management LLC increased its holdings in shares of 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 buying an additional 300 shares during the last quarter. Lenox Wealth Advisors LLC increased its holdings in shares of Las Vegas Sands by 247.1% in the 3rd quarter. Lenox Wealth Advisors LLC now owns 486 shares of the casino operator’s stock worth $28,000 after buying an additional 346 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Las Vegas Sands by 195.6% in the 3rd quarter. Allworth Financial LP now owns 538 shares of the casino operator’s stock worth $31,000 after buying an additional 356 shares during the last quarter. Institutional investors and hedge funds own 36.94% of the company’s stock.
A number of equities analysts have recently commented on LVS shares. Morgan Stanley decreased their price target on shares of Las Vegas Sands from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Tuesday, September 17th. ValuEngine lowered shares of Las Vegas Sands from a “hold” rating to a “sell” rating in a report on Friday. JPMorgan Chase & Co. decreased their price target on shares of Las Vegas Sands from $68.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. Deutsche Bank raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and increased their price target for the stock from $69.00 to $70.00 in a report on Sunday, September 8th. Finally, Roth Capital reissued a “buy” rating on shares of Las Vegas Sands in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $68.22.
Shares of LVS stock traded up $0.27 on Friday, hitting $64.08. 2,183,362 shares of the company’s stock traded hands, compared to its average volume of 4,306,754. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.59 and a current ratio of 1.60. Las Vegas Sands Corp. has a one year low of $47.39 and a one year high of $69.60. The company’s fifty day simple moving average is $58.59 and its 200 day simple moving average is $59.26. The stock has a market capitalization of $49.01 billion, a price-to-earnings ratio of 19.30, a P/E/G ratio of 5.93 and a beta of 1.61.
Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, October 23rd. The casino operator reported $0.75 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.75. Las Vegas Sands had a net margin of 13.86% and a return on equity of 37.04%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.30 billion. During the same quarter last year, the firm earned $0.77 EPS. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Las Vegas Sands Corp. will post 3.15 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, December 17th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend is Monday, December 16th. Las Vegas Sands’s dividend payout ratio is currently 92.77%.
Las Vegas Sands Company Profile
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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