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

Key Points

• Everett Harris & Co. CA increased its Las Vegas Sands position by 71.5% in the second quarter, acquiring 58,984 additional shares for a total holding valued at approximately $6.54 million. Institutional investors collectively own 39.16% of the company.
• Las Vegas Sands reported quarterly earnings of $0.59 per share and revenue of $3.15 billion, missing analyst estimates of $0.76 and $3.31 billion, respectively. Shares opened at $46.21, near the lower end of their 52-week range.
• The company paid a quarterly dividend of $0.30 per share, equivalent to a 2.6% annualized yield. Analysts maintain a consensus rating of Hold, with an average price target of $61.88.

Everett Harris & Co. CA increased its position in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 71.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,531 shares of the casino operator's stock after buying an additional 58,984 shares during the period. Everett Harris & Co. CA's holdings in Las Vegas Sands were worth $6,537,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LVS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Las Vegas Sands by 8.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator's stock worth $1,207,000 after acquiring an additional 2,418 shares during the last quarter. Woodline Partners LP raised its holdings in Las Vegas Sands by 38.9% in the 1st quarter. Woodline Partners LP now owns 29,032 shares of the casino operator's stock valued at $1,122,000 after acquiring an additional 8,132 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Las Vegas Sands by 91.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator's stock valued at $93,000 after acquiring an additional 1,027 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Las Vegas Sands during the 2nd quarter worth $414,000. Finally, Cerity Partners LLC lifted its stake in shares of Las Vegas Sands by 70.0% during the 2nd quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator's stock worth $766,000 after purchasing an additional 7,243 shares during the period. Hedge funds and other institutional investors own 39.16% of the company's stock.

Las Vegas Sands Stock Up 1.0%

Shares of NYSE LVS opened at $46.21 on Friday. The stock has a market capitalization of $29.93 billion, a PE ratio of 17.98, a P/E/G ratio of 1.13 and a beta of 0.85. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27. The firm has a fifty day moving average of $47.17 and a 200-day moving average of $51.80. 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 - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.31 billion. During the same period last year, the business posted $0.66 earnings per share. The company's quarterly revenue was down .7% compared to the same quarter last year. On average, analysts anticipate that Las Vegas Sands Corp. will post 3.09 EPS for the current year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands's dividend payout ratio (DPR) is 46.69%.

Analyst Ratings Changes

A number of brokerages have recently commented on LVS. Wells Fargo & Company lowered their price objective on Las Vegas Sands from $65.00 to $53.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 14th. The Goldman Sachs Group reduced their target price 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. Stifel Nicolaus decreased their price target on Las Vegas Sands from $74.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. Jefferies Financial Group lifted their price target on Las Vegas Sands from $61.00 to $63.00 and gave the company a "hold" rating in a report on Thursday, April 23rd. Finally, Morgan Stanley dropped their price objective on shares of Las Vegas Sands from $68.00 to $61.00 and set an "equal weight" rating for the company in a research note on Monday, July 27th. Ten research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $61.88.

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.

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