Universal Beteiligungs und Servicegesellschaft mbH Purchases 17,889 Shares of Las Vegas Sands Corp. $LVS

Universal Beteiligungs und Servicegesellschaft mbH raised its position in Las Vegas Sands Corp. (NYSE:LVS) by 13.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 147,618 shares of the casino operator’s stock after acquiring an additional 17,889 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Las Vegas Sands were worth $6,423,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Las Vegas Sands by 37.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock valued at $38,000 after acquiring an additional 239 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Las Vegas Sands in the second quarter worth about $43,000. Hilltop National Bank bought a new position in Las Vegas Sands during the second quarter worth about $44,000. UMB Bank n.a. boosted its holdings in Las Vegas Sands by 53.8% during the second quarter. UMB Bank n.a. now owns 1,361 shares of the casino operator’s stock valued at $59,000 after purchasing an additional 476 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of Las Vegas Sands by 21.4% in the 2nd quarter. Harbour Investments Inc. now owns 1,401 shares of the casino operator’s stock valued at $61,000 after purchasing an additional 247 shares during the period. Institutional investors own 39.16% of the company’s stock.

Insider Buying and Selling at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 360,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $63.05, for a total value of $22,698,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP D. Zachary Hudson sold 100,000 shares of Las Vegas Sands stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $64.99, for a total value of $6,499,000.00. Following the completion of the sale, the executive vice president owned 13,735 shares of the company’s stock, valued at approximately $892,637.65. The trade was a 87.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,100,000 shares of company stock valued at $126,218,200 over the last three months. Insiders own 1.20% of the company’s stock.

Las Vegas Sands Stock Performance

Las Vegas Sands stock opened at $64.29 on Friday. Las Vegas Sands Corp. has a 12-month low of $30.18 and a 12-month high of $67.83. The stock has a 50-day simple moving average of $56.51 and a 200 day simple moving average of $50.80. The company has a quick ratio of 1.21, a current ratio of 0.89 and a debt-to-equity ratio of 7.42. The stock has a market capitalization of $43.47 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 1.62 and a beta of 1.03.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.16. Las Vegas Sands had a net margin of 12.69% and a return on equity of 73.14%. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The company’s revenue was up 24.2% on a year-over-year basis. On average, research analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Tuesday, November 4th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, November 4th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 45.25%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LVS shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Las Vegas Sands in a report on Wednesday. Mizuho upped their target price on shares of Las Vegas Sands from $56.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Wall Street Zen raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Sunday, September 7th. Barclays boosted their price target on shares of Las Vegas Sands from $59.00 to $62.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Finally, Stifel Nicolaus raised their price objective on shares of Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and an average price target of $64.60.

Las Vegas Sands Profile

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.