Waddell & Associates LLC Acquires Shares of 10,451 Las Vegas Sands Corp. $LVS

Waddell & Associates LLC bought a new stake in Las Vegas Sands Corp. (NYSE:LVS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,451 shares of the casino operator’s stock, valued at approximately $680,000.

A number of other institutional investors also recently modified their holdings of LVS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Las Vegas Sands by 8.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock valued at $1,207,000 after acquiring an additional 2,418 shares during the period. Woodline Partners LP boosted its position in shares of Las Vegas Sands by 38.9% in the first 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 period. EverSource Wealth Advisors LLC boosted its position in shares of Las Vegas Sands by 91.8% in the second 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 period. Flow Traders U.S. LLC bought a new stake in shares of Las Vegas Sands in the second quarter valued at about $414,000. Finally, Cerity Partners LLC boosted its position in shares of Las Vegas Sands by 70.0% in the second quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock valued at $766,000 after acquiring an additional 7,243 shares during the period. Institutional investors own 39.16% of the company’s stock.

Insider Activity

In other news, CEO Patrick Dumont sold 60,165 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total value of $3,294,033.75. Following the completion of the transaction, the chief executive officer owned 511,942 shares of the company’s stock, valued at $28,028,824.50. This represents a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.55% of the stock is owned by corporate insiders.

Las Vegas Sands Trading Up 1.1%

LVS opened at $50.80 on Tuesday. Las Vegas Sands Corp. has a twelve month low of $40.03 and a twelve month high of $70.45. The company has a 50-day simple moving average of $52.84 and a 200 day simple moving average of $57.72. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64. The stock has a market capitalization of $33.66 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 1.14 and a beta of 0.81.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.15. The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. Las Vegas Sands’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 earnings per share. Analysts predict that Las Vegas Sands Corp. will post 3.38 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.4%. Las Vegas Sands’s dividend payout ratio is currently 44.44%.

Analyst Upgrades and Downgrades

LVS has been the subject of a number of recent research reports. UBS Group reduced their target price on shares of Las Vegas Sands from $69.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, June 4th. Barclays boosted their target price on shares of Las Vegas Sands from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Seaport Research Partners reduced 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 report on Tuesday, April 21st. Jefferies Financial Group upped their price objective on shares of Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. Finally, Wall Street Zen cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $67.91.

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.