Wealthquest Corp acquired a new stake in shares of Las Vegas Sands Corp. (NYSE:LVS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,618 shares of the casino operator's stock, valued at approximately $565,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. MGO One Seven LLC increased its position in shares of Las Vegas Sands by 5.3% during the fourth quarter. MGO One Seven LLC now owns 7,773 shares of the casino operator's stock valued at $399,000 after acquiring an additional 388 shares during the last quarter. Huntington National Bank grew its position in shares of Las Vegas Sands by 64.1% during the fourth quarter. Huntington National Bank now owns 1,142 shares of the casino operator's stock worth $59,000 after buying an additional 446 shares in the last quarter. Aviva PLC increased its holdings in Las Vegas Sands by 1.3% in the fourth quarter. Aviva PLC now owns 35,623 shares of the casino operator's stock valued at $1,830,000 after buying an additional 457 shares during the last quarter. Empirical Finance LLC lifted its position in shares of Las Vegas Sands by 4.8% during the 1st quarter. Empirical Finance LLC now owns 11,686 shares of the casino operator's stock worth $451,000 after buying an additional 532 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Las Vegas Sands by 2.6% during the first quarter. Exchange Traded Concepts LLC now owns 22,870 shares of the casino operator's stock worth $883,000 after purchasing an additional 569 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.
Las Vegas Sands Stock Performance
LVS stock traded down $0.01 during midday trading on Tuesday, reaching $52.14. 1,607,012 shares of the company were exchanged, compared to its average volume of 5,790,461. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.22 and a quick ratio of 1.21. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $56.60. The firm has a market capitalization of $35.79 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 2.03 and a beta of 1.08. The business has a 50-day moving average price of $45.91 and a two-hundred day moving average price of $42.34.
Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.26. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The firm had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company's revenue was up 15.0% on a year-over-year basis. Equities research analysts forecast that Las Vegas Sands Corp. will post 2.6 EPS for the current year.
Las Vegas Sands declared that its board has approved a stock buyback plan on Wednesday, April 23rd that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the casino operator to reacquire up to 8.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its shares are undervalued.
Las Vegas Sands Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 13th. Stockholders of record on Tuesday, August 5th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, August 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. Las Vegas Sands's payout ratio is currently 50.51%.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on LVS. Argus upgraded Las Vegas Sands from a "hold" rating to a "buy" rating and set a $60.00 price target on the stock in a report on Monday, July 28th. Citigroup reaffirmed a "buy" rating on shares of Las Vegas Sands in a research note on Wednesday, July 9th. The Goldman Sachs Group began coverage on shares of Las Vegas Sands in a report on Monday, July 7th. They issued a "neutral" rating and a $52.00 target price for the company. Morgan Stanley lifted their price target on shares of Las Vegas Sands from $45.00 to $47.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Finally, Macquarie upped their target price on shares of Las Vegas Sands from $52.00 to $58.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.13.
Check Out Our Latest Research Report on Las Vegas Sands
Las Vegas Sands Company Profile
(
Free Report)
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, 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 Marina Bay Sands in Singapore.
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