Las Vegas Sands Corp. $LVS Shares Purchased by Everett Harris & Co. CA

Everett Harris & Co. CA grew its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 71.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 141,531 shares of the casino operator’s stock after purchasing an additional 58,984 shares during the period. Everett Harris & Co. CA’s holdings in Las Vegas Sands were worth $6,537,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Mackenzie Financial Corp lifted its holdings in shares of Las Vegas Sands by 0.3% during the 3rd quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator’s stock valued at $2,902,000 after acquiring an additional 156 shares in the last quarter. Parallel Advisors LLC boosted its position in Las Vegas Sands by 7.8% during the 3rd quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator’s stock worth $132,000 after purchasing an additional 177 shares during the period. &PARTNERS increased its holdings in Las Vegas Sands by 3.2% in the 4th quarter. &PARTNERS now owns 6,930 shares of the casino operator’s stock valued at $453,000 after purchasing an additional 214 shares in the last quarter. United Capital Financial Advisors LLC increased its holdings in Las Vegas Sands by 5.5% in the 3rd quarter. United Capital Financial Advisors LLC now owns 4,945 shares of the casino operator’s stock valued at $266,000 after purchasing an additional 258 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in Las Vegas Sands by 4.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 6,859 shares of the casino operator’s stock valued at $446,000 after purchasing an additional 279 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LVS shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $62.00 price objective (down from $73.00) on shares of Las Vegas Sands in a research note on Thursday, July 23rd. JPMorgan Chase & Co. lowered their target price on Las Vegas Sands from $64.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. HC Wainwright downgraded Las Vegas Sands to a “neutral” rating in a report on Thursday, July 30th. Barclays dropped their target price on Las Vegas Sands from $63.00 to $59.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Finally, The Goldman Sachs Group reduced their price target on Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Hold” and an average price target of $61.88.

Las Vegas Sands Stock Performance

Las Vegas Sands stock opened at $46.21 on Friday. Las Vegas Sands Corp. has a 12-month low of $44.21 and a 12-month high of $70.45. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99. The company has a market capitalization of $29.93 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 1.13 and a beta of 0.85. The firm’s fifty day moving average price is $47.17 and its 200 day moving average price is $51.80.

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

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, August 4th. Las Vegas Sands’s payout ratio is presently 46.69%.

Las Vegas Sands Company 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.