203,701 Shares in Las Vegas Sands Corp. (NYSE:LVS) Acquired by Brookstone Capital Management

Brookstone Capital Management purchased a new position in shares of Las Vegas Sands Corp. (NYSE:LVS) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 203,701 shares of the casino operator’s stock, valued at approximately $7,869,000.

Other large investors have also modified their holdings of the company. Optiver Holding B.V. purchased a new stake in shares of Las Vegas Sands during the fourth quarter worth $32,000. Brown Brothers Harriman & Co. purchased a new stake in Las Vegas Sands during the 4th quarter valued at about $36,000. Smartleaf Asset Management LLC grew its stake in Las Vegas Sands by 63.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 885 shares of the casino operator’s stock valued at $45,000 after acquiring an additional 342 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Las Vegas Sands during the 4th quarter valued at about $56,000. Finally, Center for Financial Planning Inc. purchased a new stake in shares of Las Vegas Sands in the first quarter valued at approximately $42,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

LVS has been the subject of a number of analyst reports. Mizuho set a $47.00 price target on Las Vegas Sands in a research report on Thursday, April 24th. Stifel Nicolaus set a $57.00 target price on Las Vegas Sands and gave the company a “buy” rating in a report on Thursday, April 24th. Barclays dropped their target price on Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. started coverage on shares of Las Vegas Sands in a report on Monday, June 23rd. They issued a “neutral” rating and a $47.00 price objective for the company. Finally, Hsbc Global Res raised shares of Las Vegas Sands to a “strong-buy” rating in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.58.

Las Vegas Sands Trading Up 0.3%

Shares of LVS stock opened at $47.99 on Friday. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market cap of $33.91 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 1.70 and a beta of 1.03. The company has a 50-day moving average of $41.46 and a two-hundred day moving average of $42.31. Las Vegas Sands Corp. has a 1-year low of $30.18 and a 1-year high of $56.61.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, April 23rd. The casino operator reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Las Vegas Sands had a return on equity of 44.91% and a net margin of 11.64%. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same period in the previous year, the business posted $0.78 EPS. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, analysts predict that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands declared that its Board of Directors has approved a share repurchase plan on Wednesday, April 23rd that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the casino operator to repurchase up to 8.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Tuesday, May 6th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $1.00 annualized dividend and a dividend yield of 2.08%. Las Vegas Sands’s dividend payout ratio is currently 55.56%.

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.