2,325,334 Shares in Las Vegas Sands Corp. $LVS Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new position in Las Vegas Sands Corp. (NYSE:LVS) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,325,334 shares of the casino operator’s stock, valued at approximately $107,407,000. The Manufacturers Life Insurance Company owned about 0.36% of Las Vegas Sands at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Swiss Life Asset Management Ltd grew its position in Las Vegas Sands by 116.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 148,196 shares of the casino operator’s stock worth $9,646,000 after purchasing an additional 79,641 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in Las Vegas Sands by 411.5% in the 4th quarter. Crossmark Global Holdings Inc. now owns 44,208 shares of the casino operator’s stock valued at $2,877,000 after buying an additional 35,566 shares during the period. Wealthfront Advisers LLC lifted its stake in Las Vegas Sands by 40.6% during the fourth quarter. Wealthfront Advisers LLC now owns 67,446 shares of the casino operator’s stock worth $4,390,000 after purchasing an additional 19,488 shares during the period. SG Americas Securities LLC boosted its stake in Las Vegas Sands by 74.2% in the 1st quarter. SG Americas Securities LLC now owns 1,529,236 shares of the casino operator’s stock valued at $82,395,000 after buying an additional 651,214 shares in the last quarter. Finally, Fieldview Capital Management LLC bought a new position in shares of Las Vegas Sands during the fourth quarter valued at $4,561,000. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Up 0.7%

Shares of Las Vegas Sands stock opened at $47.31 on Wednesday. The firm has a market cap of $30.65 billion, a PE ratio of 18.41, a P/E/G ratio of 1.16 and a beta of 0.85. The business’s 50 day simple moving average is $46.61 and its 200 day simple moving average is $51.23. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00. Las Vegas Sands Corp. has a 52-week low of $44.21 and a 52-week high of $70.45.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period last year, the company earned $0.66 EPS. The company’s revenue was down .7% compared to the same quarter last year. On average, analysts predict that Las Vegas Sands Corp. will post 3.09 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.5%. Las Vegas Sands’s dividend payout ratio (DPR) is 46.69%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Zacks Research downgraded Las Vegas Sands from a “hold” rating to a “strong sell” rating in a report on Thursday, July 23rd. UBS Group set a $52.00 price objective on Las Vegas Sands in a research report on Thursday, July 2nd. Mizuho reduced their target price on shares of Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Stifel Nicolaus cut their price objective on shares of Las Vegas Sands from $74.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Finally, Barclays reduced their price objective on shares of Las Vegas Sands from $63.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Hold” and an average price target of $61.88.

Las Vegas Sands Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.