Mmbg Investment Advisors CO. Makes New $656,000 Investment in Las Vegas Sands Corp. $LVS

Mmbg Investment Advisors CO. bought a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) during the 2nd quarter, Holdings Channel reports. The firm bought 14,200 shares of the casino operator’s stock, valued at approximately $656,000.

A number of other institutional investors have also made changes to their positions in the business. International Assets Investment Management LLC bought a new stake in Las Vegas Sands during the 4th quarter worth about $26,000. DV Equities LLC bought a new position in shares of Las Vegas Sands in the fourth quarter worth about $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Las Vegas Sands during the fourth quarter worth approximately $29,000. Wilmington Savings Fund Society FSB grew its stake in shares of Las Vegas Sands by 254.8% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock valued at $36,000 after purchasing an additional 400 shares during the last quarter. Finally, Activest Wealth Management increased its holdings in shares of Las Vegas Sands by 1,208.0% in the fourth quarter. Activest Wealth Management now owns 654 shares of the casino operator’s stock valued at $43,000 after purchasing an additional 604 shares in the last quarter. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Stock Up 2.5%

Las Vegas Sands stock opened at $46.59 on Thursday. The firm has a market capitalization of $30.18 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 1.12 and a beta of 0.85. Las Vegas Sands Corp. has a fifty-two week low of $44.21 and a fifty-two week 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’s 50 day simple moving average is $46.86 and its 200 day simple moving average is $51.48.

Las Vegas Sands (NYSE:LVS) last posted 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 business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The business’s revenue was down .7% on a year-over-year basis. As a group, sell-side analysts anticipate that Las Vegas Sands Corp. will post 3.09 EPS for the current year.

Las Vegas Sands Announces Dividend

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

Analysts Set New Price Targets

Several research firms have issued reports on LVS. Stifel Nicolaus reduced their price objective on Las Vegas Sands from $74.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Barclays dropped their price target on shares of Las Vegas Sands from $63.00 to $59.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Wells Fargo & Company cut their price objective on shares of Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 14th. The Goldman Sachs Group reduced their price objective on shares of Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Finally, Mizuho dropped their target price on shares of Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Las Vegas Sands has a consensus rating of “Hold” and an average target price 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.