Las Vegas Sands Corp. $LVS Stock: Everett Harris & Co. CA Raises Holdings

Everett Harris & Co. CA lifted its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 67.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 236,596 shares of the casino operator’s stock after buying an additional 95,065 shares during the quarter. Everett Harris & Co. CA’s holdings in Las Vegas Sands were worth $8,946,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BOKF NA raised its stake in Las Vegas Sands by 37.1% in the 3rd quarter. BOKF NA now owns 68,868 shares of the casino operator’s stock valued at $2,604,000 after purchasing an additional 18,644 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in Las Vegas Sands by 3.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 127,044 shares of the casino operator’s stock valued at $4,804,000 after purchasing an additional 3,879 shares during the last quarter. Center for Financial Planning Inc. increased its stake in Las Vegas Sands by 24.2% during the third quarter. Center for Financial Planning Inc. now owns 1,788 shares of the casino operator’s stock worth $68,000 after acquiring an additional 348 shares during the last quarter. Viewpoint Investment Partners Corp purchased a new stake in shares of Las Vegas Sands in the 3rd quarter valued at approximately $382,000. Finally, U S Global Investors Inc. lifted its stake in Las Vegas Sands by 62.1% during the 3rd quarter. U S Global Investors Inc. now owns 28,700 shares of the casino operator’s stock worth $1,085,000 after acquiring an additional 11,000 shares in the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on LVS. UBS Group set a $52.00 price target on shares of Las Vegas Sands in a research report on Thursday, July 2nd. Zacks Research raised Las Vegas Sands from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. HC Wainwright lowered shares of Las Vegas Sands to a “neutral” rating in a research report on Thursday, July 30th. Argus lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, July 30th. Finally, Barclays reduced their price target on shares of Las Vegas Sands from $57.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 22nd. Ten investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.28.

Las Vegas Sands Trading Up 2.3%

Shares of LVS opened at $37.05 on Friday. The stock has a fifty day moving average of $40.12 and a two-hundred day moving average of $49.16. Las Vegas Sands Corp. has a fifty-two week low of $35.03 and a fifty-two week high of $70.45. The company has a market capitalization of $23.23 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 0.85 and a beta of 0.78. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 0.83.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, October 21st. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.14). Las Vegas Sands had a return on equity of 177.43% and a net margin of 11.85%. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the business posted $0.78 earnings per share. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. As a group, analysts forecast that Las Vegas Sands Corp. will post 2.86 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Monday, November 2nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.20 annualized dividend and a yield of 3.2%. Las Vegas Sands’s dividend payout ratio is 49.18%.

Las Vegas Sands Profile

Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts, combining hotel accommodations, casinos, convention and exhibition facilities, restaurants, retail outlets, entertainment venues and other leisure amenities. The company serves both mass-market and premium customers through large-scale properties designed to support tourism and business travel.

Las Vegas Sands’ principal operations are in Macau and Singapore. Its Macau portfolio includes properties such as The Venetian Macao, The Londoner Macao, The Parisian Macao, Sands Macao and The Plaza Macao.