Waterfront Wealth Inc. Has $1.86 Million Stock Holdings in Las Vegas Sands Corp. $LVS

Waterfront Wealth Inc. lifted its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 45.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,465 shares of the casino operator’s stock after buying an additional 10,824 shares during the period. Waterfront Wealth Inc.’s holdings in Las Vegas Sands were worth $1,857,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. AQR Capital Management LLC lifted its stake in Las Vegas Sands by 222.7% in the 4th quarter. AQR Capital Management LLC now owns 9,098,518 shares of the casino operator’s stock worth $592,223,000 after acquiring an additional 6,279,390 shares in the last quarter. Norges Bank purchased a new position in Las Vegas Sands during the 4th quarter valued at about $364,892,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Las Vegas Sands by 410.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,167,553 shares of the casino operator’s stock valued at $277,963,000 after purchasing an additional 4,154,753 shares during the period. M&T Bank Corp increased its holdings in shares of Las Vegas Sands by 33,102.6% in the 4th quarter. M&T Bank Corp now owns 3,060,288 shares of the casino operator’s stock valued at $197,463,000 after purchasing an additional 3,051,071 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Las Vegas Sands by 18.7% in the fourth quarter. Bank of New York Mellon Corp now owns 7,893,031 shares of the casino operator’s stock worth $513,757,000 after purchasing an additional 1,246,206 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on LVS shares. Wells Fargo & Company decreased their price target on shares of Las Vegas Sands from $68.00 to $65.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. UBS Group set a $52.00 target price on shares of Las Vegas Sands in a research report on Thursday, July 2nd. HSBC increased their target price on shares of Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Seaport Research Partners decreased their target price on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.16.

Las Vegas Sands Stock Up 0.6%

LVS opened at $46.45 on Friday. The company has a market capitalization of $30.78 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 1.05 and a beta of 0.83. The company has a debt-to-equity ratio of 8.64, a current ratio of 0.92 and a quick ratio of 0.91. Las Vegas Sands Corp. has a fifty-two week low of $45.12 and a fifty-two week high of $70.45. The business has a 50-day moving average of $49.75 and a 200-day moving average of $54.69.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, beating the consensus estimate of $0.76 by $0.15. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 EPS. Equities research analysts forecast that Las Vegas Sands Corp. will post 3.38 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, May 5th. Las Vegas Sands’s payout ratio is currently 44.44%.

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.